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> I also don't want my government to strongarm those same companies into processing those payments Most industries are regulated to some extent to prevent col
by Jare 12y ago
> I also don't want my government to strongarm those same companies into processing those payments
Most industries are regulated to some extent to prevent collusion and abuse of various forms. Do you disagree with regulation in general, or what makes you think payment processors in particular should not be forced to accept all lawful transactions?
- nroets 12y agoFor a start, payment processors should have some freedom to refuse merchants selling any thing that looks like snake oil: Requiring merchants to keep deposits and having putative chargebacks may not be enough to compensate processors for the reputational risks they are taking.
- nathanb 12y agoCapitalism in general lends itself to institutionalized repression of the minority, and I don't claim to have a solution to that. My gut tells me that the government forcing private business is not always the right answer (though it sometimes is; I'm not anti-regulation in general). Perhaps my gut is wrong, because I can't come up with a higher-level solution.