The FinTech revolution is not lost. Its outlines may be obscured by the fog of events, but, as this week's links show, it's still moving forward.
Editor's Note: The next issue of FinTech Rising will be published on June 29, ahead of the July 4 holidays in the United States.
States cannot create good money. They are interested parties. A good monetary system should discipline states – i.e. hold them to account. A state-run money cannot do that. That is the flaw in proposals such as those made by Positive Money and The International Movement for Monetary Reform.
(Let me add, however, that I go along with many of the criticisms that my good friends James Robertson , Victoria Chick and others make of existing monetary systems.)
This report originally appeared in Latin America Goes Global.
This week's report focuses on some of my long-time favorite sources of banking and FinTech news and insight. I follow the industry through reports from media organizations and industry experts I respect and trust. I started thinking about my sources and methods after reading Ron Shevlin's post "FinTech influencer lists have jumped the shark."
The automotive industry is a useful lens to view trends in the world economy. The auto story has it all- global competition, labor, automation, innovation, energy, commodities, and the sharing economy. In the US, the sector has struggled. EconVue expert Michael Lewis’s comments on industry data were published Friday. Sales in the US are likely to fall to 17M vehicles this year.
This report originally appeared in IndraStra Global, translated and adapted from an opinion, originally published in Spanish by the Strategic Studies Institute of the Mexican Navy (Instituto de Investigaciones Estratégicas de la Armada de México)/