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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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Technology
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As opposed to a private for-profit company run by friends of the people in government?
At least the private company would act in their own interest to preserve profits. Trump will gladly blow the whole thing up regardless of consequences just to feed his ego. Like with the tariffs.
Not an american but personally i would most definitely prefer an absolute fuckwad with little self control in charge than an evil mastermind entity hellbent on squeezing me for every cent.
The former is too stupid not to ruin his lever of power, which would cause the system to decentralize and/or contribute to said fuckwad's downfall. The latter employs a huge amount of people specifically trained to maintain and increase the amount of profits extracted while maintaining their stranglehold.
Such as sharing ALL of its customer data with the government in exchange for subsidies? Which effectively means having a government entity in control of the data but with zero oversight or control from the public?
It's not ideal but at least people aren't getting their credit cancelled because they said something mean about Trump online.
Yeah? You mean it'd be independent of Trump's interference? Like US TikTok?
I already said it wasn't ideal. At least Trump had to do some shit first to fuck with tiktok. You think that wouldn't have been immediate if tiktok was controlled by the government?
No, I don't think so. Because - up until Trump - people in governments know that if they pull shit like this off, they risk the same shit being pulled against them, after they're gone and the opposition takes over.
And Trump has proven that reasoning invalid. Things are never going back to the way they were before now that he's shown just how much you can get away with. Until mechanisms are put in place to prevent such corruption and deal with his kind we can't trust the government to handle anything.