Re:Valve confirms credit card companies pressured it to deli...
by slt2021 on Saturday July 19, 2025 @07:02PM
(#44620269)
the problem is over time they erected a giant moat that is regulation and captive customer base.
I dont understand how anti-trust regulation lets Visa/MC duopoly exist (at least with current rates), they must be heaviest donors to politicians.
and once you understand how 2-3 big corporations establish oligopoly and engage in rent seeking, protected by mountains of regulations, and share some of their wealth with politicians - you understand how American extractive institutions work.
The only hope is some giant like Apple/Google completely unseat visa with their own secure payment solutions that gets around VISA/MC card system
I dont understand how anti-trust regulation lets Visa/MC duopoly exist (at least with current rates), they must be heaviest donors to politicians.
and once you understand how 2-3 big corporations establish oligopoly and engage in rent seeking, protected by mountains of regulations, and share some of their wealth with politicians - you understand how American extractive institutions work.
The only hope is some giant like Apple/Google completely unseat visa with their own secure payment solutions that gets around VISA/MC card system