The problem is not just de-banking. It is also a problem that banks are reporting on customers who purchase legal, but un-PC items like guns, ammunition, bibles or MAGA products. It is the merger of leftist state and leftist corporate power.
This is more UNCONSTITUTIONAL federal government interference and activity. The problem is NOT “corporate power”, the problem is unconstitutional and totalitarian GOVERNMENT power.
Conservative banks could really make a huge go of it if they advertised and said something akin to “and we promise we will not divulge your info, or report on you for buying items that liberals find offensive”. L8beral banks would lose a lot of,business then as independent minded folks leave en mass for greener pastures where their bank doesn’t spy on them and rat them out
Very misleading headline. It looks like Mississippi is fighting against banks who are biased in favor of conservatives. Maybe say “Anti-Conservative Bias”
That being said, I agree that this is mainly an issue of corporatist power, enabled by government regulation. State and Federal banking regulation has created so many barriers to entry into the banking business that it is virtually impossible to create any competition for these institutions.
The government bias in favor of consolidating all nature of business into larger and larger institutions (think big pharma, big tech, big finance, big healthcare, etc.) effectively prevents anyone from breaking the institutionalized bias of these organizations, which is uniformly left-leaning. Sadly, the repubs, with their blind faith in “pro-business” policies have paved the way for all of this.
We need to vote for candidates who are pro-economic freedom; but when they get elected, the institutions just buy them off with campaign contributions and fancy dinners and excursions. It is going to be a difficult cycle to break.
Just like China 🇨🇳.