3 ms·
Are you arguing that this is unconstitutional because MasterCard faces financial regulations and is therefore equivalent to the government under constitutional
by skoskie 7y ago
Are 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.