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20 Nov 2012

Credit cards

Swarm Economy:  Today, the European Parliament ordered new legislation to regulate credit card companies. This regulation follows the unilateral and rightsless cutoff of donations to WikiLeaks, as well as trampling on other small entrepreneurs. The Pirate Party took the initiative to the new regulation.

It has become an increasingly large problem that Visa, MasterCard, and Paypal control the valve to any money flow on the planet. Today, the European Parliament established this as a clear problem, and initiated regulation of the companies, limiting and strictly regulating their right to refuse service. The Pirate Party was the initiator of this regulation, following the damaging cutoff of donations to WikiLeaks after said organization had performed journalism that was embarrassing to certain governments.

In the week leading up to this initiation of regulation, banks in Sweden were caught in the act of arbitrarily discriminating against fully legal business owners that the banks claimed sold (according to the banks) “questionable products” like horror movies, movies with nudity, or sex toys; meanwhile, these same banks happily channeled stock in corporations under investigation of genocide. When pressed on the matter, the banks referred to vague rules from Visa and MasterCard – who are apparently in a position to shut down any business or organization on the planet they don’t agree with for any reason. This is an obvious and severe problem.