where do we think we would be at at this point if electronic payments were handled by government entities? Not trying to defend Visa or Mastercard, just genuinely curious what others think.
We’d be in the same place. It’s not any better or worse for a private versus a public entity to do harm.
Also, the government is already part of this. If the DOJ told Visa, “hey, stop fucking around with that, you don’t need to be trying to control legal agreements between parties, that’s our purview” (or if they even thought the DOJ might), they’d drop this behavior in an instant. They are doing this in large part because they believe it is in line with the government’s ideology. Preemptive compliance.
where do we think we would be at at this point if electronic payments were handled by government entities? Not trying to defend Visa or Mastercard, just genuinely curious what others think.
We’d be in the same place. It’s not any better or worse for a private versus a public entity to do harm.
Also, the government is already part of this. If the DOJ told Visa, “hey, stop fucking around with that, you don’t need to be trying to control legal agreements between parties, that’s our purview” (or if they even thought the DOJ might), they’d drop this behavior in an instant. They are doing this in large part because they believe it is in line with the government’s ideology. Preemptive compliance.
True to some degree if you’re an American, but this is Visa setting internal policy for American politics, and that reflecting globally.
Not every country has the same laws or politics that the US does.