[dismalaf]

It's a joke but Visa and Mastercard are American corporations so Americans can feel relatively secure using them. If you live in another developed country, relying on the whims of American entities feels less secure than something subject to the laws of your own country.

[brnt]

American consumers have no democratic control of that duopoly either.

[dismalaf]

They're protected by the laws of their country. Foreigners aren't. That's the point.

Americans corporations have shown they'll just pull out of countries if the law comes down on them too hard.

[lobocinza]

To be fair both are publicly traded and owning shares would give you voting rights.

[brnt]

Point is: traded companies function like a democracy in which money is a vote, which is the opposite of democracy.

[cuteboy19]

this doesn’t sound reassuring. there is not a nationality test on buying shares