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Honestly I hope this comes under the EU's radar.
by ginko 1y ago
Honestly I hope this comes under the EU's radar.
- bboygravity 1y agoOh the EU will happily pass new laws to screen your entire life when you'd like to buy a game (and to record and store everything you talk about with fellow gamers in case you say something that goes against EU policies). EU will even arrange a special new bank account for ya outside of Visa Mastercard called CBDC. No problem. EU is here for ya! /s
- yladiz 1y agoWhat are you even talking about?
- p_ing 1y ago1984 took place in the EU. I mean, if Brexit hadn't happened and the EU existed in 1984, of course.
- weberer 1y agoYou can just say it happened in Europe.
- seanhunter 1y agoThat’s factually untrue. 1984 takes place in Britain (now known as “Airstrip one”) which in the universe of the book is part of Oceania along with Australia, southern Africa and the Americas. The other two superpowers are Eurasia (which as the name suggests is Europe less the UK and Ireland but with Asia) and Eastasia, which is South-East Asia more or less https://en.wikipedia.org/wiki/Political_geography_of_Nineteen_Eighty-Four https://en.wikipedia.org/wiki/Political_geography_of_Ninetee...
- deleted 1y ago[deleted]
- Herz 1y agoEU is already working on an alternative: Wero https://en.wikipedia.org/wiki/Wero_(payment) https://en.wikipedia.org/wiki/Wero_(payment) Honestly, I'm really critical towards EU, but this is one of the few things that EU does well. When the market is stagnating, it's better than nothing to propose an alternative or some kind of benefits in order to change the market a bit. Like the Roaming in EU. Regarding the rest, the EU is mining competition with the obsession of regulating everything.
- ginko 1y agoI don't even think this is a problem of competition (although more is welcome). This is just Visa+Mastercard abusing their market position and the EU should come down on them like a ton of bricks. Incur heavy fines or break them up if necessary.
- Herz 1y agoI disagree. The need for regulation in this case stems from a lack of competition. Regulations are empirical decisions, based on a very limited amount of data, whose implications can be endless. Regulations are a shortcut capable of poisoning the market and competition. Just look at what's been done with energy, automobiles, AI, GDPR, etc. Bureaucrats are not gods; they often make mistakes and don't predict the future. Regulations should be the last resort. Furthermore, we're talking about a US monopoly here. The goal would be to grab a share of the pie through honest competition, not to enstablish golden collars. Regulation should facilitate competition, not legitimize the status quo.
- danaris 1y agoHow is "abusing their market position" not a "problem of competition"? The only reason they have that market position is because there is insufficient competition.
- socalgal2 1y agoIt is a problem of competition. https://www.justice.gov/archives/opa/pr/justice-department-sues-visa-monopolizing-debit-markets https://www.justice.gov/archives/opa/pr/justice-department-s... Go to Malaysia, Singapore, Thailand, Japan, Taiwan and see that there are 20-30 payment systems at every convenience store, electronics store, grocery store, etc... Then go to the US where there's effectively 2. The government claims this is because Visa and Mastercard have prevented competition.
- goopypoop 1y ago"under the radar" means not noticed