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This is the free market at work. PayPal has a well known track record of canceling service to direct customers as well as business partners for arbitrary reason
by ramphastidae 6y ago
This is the free market at work. PayPal has a well known track record of canceling service to direct customers as well as business partners for arbitrary reasons. This is a major risk but companies too lazy or incompetent to build decent payments just slap on PayPal and everyone suffers. But businesses knowingly do it anyway. Well, this is the consequence.
- SV_BubbleTime 6y ago> This is the free market at work. It is not. The “free market argument” does not account for entrenched monopolies who buy up - or shut down -competitors long before they can become threats. Anti-trust laws, which have absolutely no teeth since the 80s (and every then...), are not incompatible with free market capitalism.
- x86_64Ubuntu 6y ago>...Anti-trust laws, which have absolutely no teeth since the 80s (and every then...), are not incompatible with free market capitalism. That's the first time I've ever heard that. Generally, libertarians will state that the existence of monopolies is an outcome of government intervention.
- ralusek 6y agoThis is a strawman of free market advocates. SOME monopolies are the outcomes of government intervention.
- TeMPOraL 6y agoThat only works if companies are perfectly spherical cows, and the market is frictionless vacuum at 0K. In real world, monopolies are an attractor in the free market system.