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No Mercy No Malice

My north star(s) for philosophy, management, and politics are Star Wars, The Sopranos, and Game of Thrones, respectively. The Iron Bank (GoT) is a metaphor for today’s financial institutions, if present-day banks didn’t need bailouts or to invent fake accounts to juice compensation. Regardless, it was well known throughout Braavos…

Photo illustration of the Amazon logo displayed on a smart phone against a colorful stock ticker backdrop.
Photo: SOPA Images/LightRocket/Getty Images

AAfter taking on industries like publishing and groceries, e-commerce giant Amazon has turned its sights on the financial industry. As Steve Cocheo, executive editor of the Financial Brand, wrote in 2018, Amazon is quickly becoming a formidable financial institution: “Nothing can stop Amazon. Not even banking regulators or geographic borders…

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SSpending a few dollars here on a good sale and a few more there on a fine meal is easy to justify. But then you end up with just enough money for avocado toast but not enough to ever set foot on the homeownership ladder.

That is, unless you’re using…

Photo: The Washington Post/Getty Images

Coauthored with Megan Tobias Neely, Postdoctoral Fellow in Sociology at The Clayman Institute for Gender Research at Stanford University.

TThese days, finance is so fundamental to our everyday lives that it is difficult to imagine a world without it. But until the 1970s, the financial sector accounted for a mere…

Credit: NurPhoto/Getty Images

CCharles Schwab, E*TRADE, and now Fidelity have announced in recent weeks something that was inevitable given competitive pressures, but nonetheless important: None is charging a commission on trades of most stocks and ETFs.

It’s a monumental shift for three of the largest legacy players in an industry that finds itself…

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