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This is an attempt to undermine the constitution and extrajudicially violate the human right of free association for political ends. Any pseudo arguments of “th
by ibeckermayer 7y ago
This is an attempt to undermine the constitution and extrajudicially violate the human right of free association for political ends. Any pseudo arguments of “the free market” are completely irrelevant in a financial system legally monopolized by a single institution (the federal reserve) and regulated and controlled to the degree the US system is.
- skoskie 7y agoAre you arguing that this is unconstitutional because MasterCard faces financial regulations and is therefore equivalent to the government under constitutional law? That’s one hell of a stretch.
- ibeckermayer 7y agoYes, Mastercard and nearly the entire financial industry is effectively a government program. If your industry is based on a legislative cartel (monopoly federal reserve feed monopoly big-banks feed monopoly payment networks), you're already unaccountable to market forces. If that same industry can count on the taxpayer to bail them out when their incompetence uproots the entire financial system, they are morally equivalent to a government institution. Mastercard and all other monopolistic financial institutions should be forced to uphold the Bill of Rights so long as they benefit from this level of government privilege.