There is a good podcast on this topic: hot money (2022) from the Financial Times: https://www.ft.com/content/762e4648-06d7-4abd-8d1e-ccefb74b3244?syn-25a6b1a6=1

There is a good podcast on this topic: hot money (2022) from the Financial Times: https://www.ft.com/content/762e4648-06d7-4abd-8d1e-ccefb74b3244?syn-25a6b1a6=1 https://www.ft.com/content/762e4648-06d7-4abd-8d1e-ccefb74b3... spoiler: visa and mastercard do act as a morality police.