Subnostr

What's a plutocrat to do? Well, it turns out that culture war bullshit can make right wingers point (metaphorical) guns at their own junk - all plutocrats need to do is put the word out that getting rid of junk fees is "#woke" and low-information right-wing thumbsuckers will *demand* the right to be charged junk fees.

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Cory Doctorow 2y ago

Here's an example: one especially pernicious form of junk fee is the "#SwipeFees" that credit-card companies charge merchants. In an increasingly cashless age, these companies - dominated by the #Visa/#Mastercard duopoly - have figured out how to scrape 3-5% out of *every single retail transaction in the entire fucking economy*.

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Cory Doctorow 2y ago

Every merchant you patronize has to charge more - or reduce quality, or both - in order to pay this #Danegeld to two of the largest, most profitable companies in the world. Visa/Mastercard have hiked their fees by *40 percent* since the pandemic's start. Forty. Fucking. *Percent*. Tell me again how #greedflation isn't real?

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