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Scrip has just been around for forever and so ubiquitous that it would cost many billions to outlaw. It would be outrageous really if the FTC could just outlaw
by faeriechangling 3y ago
Scrip has just been around for forever and so ubiquitous that it would cost many billions to outlaw. It would be outrageous really if the FTC could just outlaw it with a stroke of a pen, and I doubt they have the legal ability to do so, since it should be a matter for elected representatives.
That all being said, I would celebrate the demise of loyalty points, gift cards, Robux, Chuck E. Cheese tokens, and so on. All of it is fundamentally anti-consumer. I'm not sure when countries outlawed paying your employees in scrip why they didn't go one step further since scrip is intrinsically anti-competitive.
I think you can steelman some good arguments for scrip though... both in terms of "why venerate fiat state-backed currency as having a special status" and "some people actually LIKE the inflexibility or having to spend their money on a certain companies products, such as compulsive misers"