*[Enwl-eng] Resist Facebook

[ENWL]

      Stand up to Facebook’s plan to take over our financial system. Their 
digital currency Libra is a threat to our democracy. Let's stop it before it 
is too late.

      Sign now!
Hi,

With about 1 in 5 people in the world using Facebook every day, the big tech 
giant is one of the most influential companies in the world. [1] And now 
they’re coming for your money.

Facebook unveiled its plans to deeply transform our monetary system. They 
want to launch Libra - a new global “digital currency” where you can buy and 
sell digital banknotes with real money, and transfer them (via Facebook and 
their corporate partners) to someone else in exchange for a service or good. 
[2]

The power of big tech giants is already almost uncontrollable. If access to 
sensitive payment data is added, many of us will become dangerously 
dependent on Facebook and their corporate partners – even our dependence on 
big banks is less dangerous compared to that. [3] Their plan is for more and 
more people to use it for everyday transactions, which they will be able to 
monitor unscrupulously.

If we don’t take action now, Facebook’s strategy is to quickly establish 
itself and hold true to its initial corporate motto “move fast and break 
things“. Although Libra claims to “empower billions,” by design the currency 
could threaten our democratic systems: it would further concentrate power in 
the hands of digital oligopolists without real public scrutiny or democratic 
accountability - a dangerous experiment at our expense. [4]

            Stop Facebook Money before it’s launched


With our partners Finance Watch and Finanzwende, we want finance to serve 
society and ensure democratic accountability: not to increase the 
unregulated power, wealth, and control of tech giants.

There is already a momentum to stop Facebook’s new currency before it even 
launches. The European Central Bank has issued a warning against Libra and 
one ECB official has called it “treacherous.” [5] France and Germany have 
recently pledged to fight Libra [6]. But warnings and pledges are not 
enough, we need a ban on Facebook money.

Together our people power can help ensure that these warnings are followed 
by action. We know Facebook is lobbying hard behind the scenes, and 
regulators willing to stand up to them need to hear our support. Just 
recently, in a leaked audio Zuckerberg told his employees that they are 
counting on private meetings with regulators behind closed doors to ensure 
the rollout of Libra.[7] If we show the European Central Bank and EU 
institutions that we don’t want Facebook money, our support can help push 
them to block Libra’s launch while it is still in development.

            Stand up to Facebook’s plan to take over our financial system


If the European Union stands united against Facebook, the planned launch of 
Libra can be stopped. Without access to European markets, Libra would not 
make much sense as a “global cryptocurrency that will be available around 
the world.” [8]

As a community we want European democracy to be led by its people: decisions 
must not be dominated by the interests of large corporations. We will not 
stand idle when corporations like Facebook try to take over our financial 
system. Let’s stop Facebook money together!

With determination.

Giulio (Rome), Fatima (London), Virginia (Madrid) and the entire WeMove 
Europe team.

P.S. A new digital currency will continue to take away power from the people 
and put it in the hands of Facebook and private companies in the Libra 
Association (PayPal, Uber, eBay and others). But this is only one of the 
many risks associated with Libra. Please see all the reasons why the 
currency is a bad idea published by our partners, and stand up to Facebook 
by signing the petition today!



This campaign is run in collaboration with Finance Watch and Finanzwende.


References:
[1] During the second quarter of 2019,Facebook reported 1.58 billion daily 
active users, or around 20 percent of the current world population. 
https://www.statista.com/statistics/346167/facebook-global-dau
[2] https://libra.org/en-US/partners/ ; Find more about how Libra works by 
reading the official Libra White Paper: 
https://libra.org/en-US/white-paper/?noredirect=en-US#introduction
[3] 
https://www.finance-watch.org/publication/libra-heads-i-win-tails-you-lose/
[4] https://libra.org/en-US/white-paper/?noredirect=en-US#introduction
[5] 
https://www.marketwatch.com/story/ecb-official-calls-facebooks-libra-treacherous-2019-09-02
[6] 
https://www.politico.eu/article/france-and-germany-pledge-to-fight-facebooks-libra/
[7] 
https://www.theverge.com/2019/10/1/20756701/mark-zuckerberg-facebook-leak-audio-ftc-antitrust-elizabeth-warren-tiktok-comments?fbclid=IwAR2DOFeyGDTEBLiTwV8uLuaQfsADWpperiELGzy-97mMOEVYofb7SazOeto
[8] https://libra.org/en-US/

WeMove.EU is a citizens’ movement, campaigning for a better Europe; for a 
European Union committed to social and economic justice, environmental 
sustainability and citizen-led democracy. We are people from all walks of 
life, who call Europe our home whether we were born in Europe or elsewhere.

WeMove.EU is funded by donations from our community across Europe. Can you 
chip in with a few euros a month and help make sure we can move fast to win 
the campaigns that matter to all of us? Donate

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WeMove Europe SCE mbH | Planufer 91 Berlin | www.wemove.eu | Privacy policy



From: Giulio - WeMove.EU
Sent: Friday, October 04, 2019 4:20 PM
Subject: Resist Facebook



 
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