• Jacobo_Villa_Lobos [he/him]
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    237 months ago

    Even the most succdem brained person should understand this. Payment systems are so reliant on the network effect because nobody is going to use on a network that people don’t accept. Like, try traveling with a Discover card outside of the USA (China and Japan excepted).

    I don’t know enough to say that payment networks like Visa and Mastercard are natural monopolies, but it seems like this is structurally something that’ll happen. Therefore, even the most succdem brained person would understand that payments need to be public infrastructure, not a duopoly of US-based megacorps.

    • DragonBallZinn [he/him]
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      177 months ago

      grill-broke: “Buh…buh….it’s a private business! Everyone knows that business is super perfect in every way! Corporate run ANARKY 4 LYFE!”