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We don't need a new law for this. We need to enforce monopoly law. We just had a demonstration that the two biggest payment processors, together controlling th
by JoshTriplett 1y ago
We don't need a new law for this. We need to enforce monopoly law.
We just had a demonstration that the two biggest payment processors, together controlling the vast majority of credit card payments, made the same policy change at the same time and in the process completely suppressed many people's businesses.
Treat them as an anti-consumer oligopoly and regulate accordingly.
- johnnyanmac 1y agoMaybe in 2029 we can dream of proper trust busting. Probably sooner given current events. But this administration definitely isn't the one to deal with this.
- JoshTriplett 1y agoAnd especially, they'd be negatively inclined to do anything based on this motivation. If anything, they'd cheer the payment processors on.