Dutch Bankers’ Bonuses Axed with Twitter Threat of Run on Bank

Posted on March 28, 2011 by


According to the Guardian a growing Dutch political storm could end with a blanket ban on bonuses to financiers who work for institutions bailed out by the taxpayer.

Compared with the packages awarded to bankers in the US and UK, the Dutch bonuses were small potatoes.  But ING customers mobilised on Twitter and other social networks to protest at bonuses paid to bosses at the bank, one of the biggest in the country. The threat of direct action raised the spectre of a partial run on ING, terrifying the Dutch establishment.

The Dutch have shown what happens when people become active and challenge obvious absurdities.  Sooner or later ordinary people will understand that they also have the power to act and that they can make a difference.

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