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by dangerwill
541 days ago
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If you want a healthy market, your standard cannot simply be: As long as there is more than one retailer in the space, retailers can place whatever restrictions they want on how you pay for their services. Businesses in one sector being able to directly affect consumer choices across sectors is how you end up with cross sector monopolies. It is bizarre to bring up China here, this isn't about the state dictating the payment system but maintaining a healthy market. It's like a garden, you don't dictate exactly how the plants grow, but you prune them once they encroach onto other plants to maintain a healthy balance. I brought up Amex because it is common for merchants to not accept it, due to it being a significantly worse deal for the merchants. I am fine with the argument for an even more expansive version of my argument, but I'm making a more narrow argument due to discover, visa, mastercard being so close in how they function that it is not a burden on merchants to accept one vs the others. |
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