Skip to main content

Something has to be done about the Mastercard/Visa cartel

During 2018, especially the latter half of it, people with the "wrong" political opinions have found themselves as the target of persecution by internet service providers, domain name services, crowd funding websites, payment processors and credit card companies. Big corporations, including Apple, Facebook, Twitter, Patreon, Paypal and so on, have been banning people for political reasons.

In many cases, when enough details have been dug up, it all comes down to two corporations: Mastercard and Visa.

These two corporations have achieved a de facto monopoly status in the entire world. Almost every single company, especially in the United States, is dependent on either Mastercard or Visa, or even both. Those two corporations pretty much own pretty much every single other company (if not de jure, at least de facto.) If either company tells another company to, for example, ban some website or individual person, the latter company has no option but to comply. This has been demonstrated time and again.

Mastercard and Visa are, effectively, running the economy of the entire world. They have a grip on everything, and they control pretty much everything. The vast majority of other companies are under their heel, and must obey them. If one of them says "ban this person or there will be consequences", then that person will get banned.

Mastercard and Visa are, for all intents and purposes, an all-powerful Mafia cartel. And there's nothing that's being done to their monopoly status and overwhelming power over the economy of the entire world.

And you can be sure that this is only going to get worse before it gets better (if it ever gets better). It appears that they are untouchable. Both companies are primarily based in the United States, and the government of the country, even under Trump's administration, doesn't seem to have any plan to restrict their power and monopoly status, and they can do pretty much what they please with no consequences. (And, the way things are going, if the Democratic Party ever gets in power again, you can be certain they won't do anything about it either, because the left loves that both companies are on their side and discriminating against "wrongthinkers". They won't do jack shit about it, as long as both companies follow the leftist agenda.)

I don't really like the European Union, but it could, ostensibly, limit the power that those companies have inside Europe. Will they? Honestly, I have no idea. On one hand the EU does have a history of limiting the monopoly powers of corporations within the EU. On the other hand, given how extreme leftist the EU government is, they might just ignore the whole thing and just let those two companies do their bidding and drive their agenda. (And, when you think about it, Visa and Mastercard are so incredibly powerful that they might in fact have the power to collapse the EU if they really wanted. The EU, and the individual governments of the member countries are powerful, but they might not be as powerful as those two companies. If the two companies decide to withdraw from the EU, that may well mean the complete economic collapse of the union and its member states. Visa and Mastercard may well have the EU under their grip as well, even if the EU leaders don't want to believe it.)

But something has to be done about those two companies. They have become what anti-trust laws were designed to prevent.

Comments