Andrew Gullen wrote:
>> I see your point, but it's a market economy. Merchants don't have to accept
>> c/c. If enough people didn't like it, rivals would set up and thrive.
>
> If there were 20 different commonly-accepted credit cards a market would
> work properly. With 2.5 and the large financial institutions all signed up
> with one or another it doesn't. That's just reality.
Whilst I agree it's almost a monopoly, there are plenty of large financial
institutions out there who have the might to set up more rivals. For whatever
reason they choose not to.
> Ditto e-auctions and OS's unfortunately. In the latter case various tactics
> have been used to throttle competition, but Bill bought himself a president
> and got the hounds called off.
I don't think America was really ever going to damage her economy like that,
whoever the president. Ultimately the M$ money is flooding into the US, and
it's the rest of the world which is paying.
> Personally I've stopped trading on eBay for this and other reasons. Voted
> with my feet. (e-feet? no, that doesn't sound right... :-) )
And likewise, nobody *has* to have a credit card, nor does anyone *have* to
accept them.
Regards,
Simon
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