Quote:
Originally Posted by phypon
I understand what you are saying and I agree with that 90% of the time or better. The thing I have a problem with is when one company's unfair policies affect several others down the line. Card A affects card B and that in turn hurts my business and also affects the chain in which my business relies on.
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I have illtestyourgirls on ignore, but unfortunately saw his post when you quoted him.
Umm yeah, why would we want the government involved? Let companies do what they want.
So what if a pharmaceutical company wants to sell a blood pressure medicine that causes cancer and hides the evidence, the "free market" will sort it out right?
So what if Wall Street wants to turn the stock market into a casino? The free market will sort it out.
So what if a company wants to give out mortgages to people who can't afford to pay them back, the free market will sort it out.
People go on and on and on about freedom and free markets but they forget that there's a social contract. We, the people, voluntarily ceded certain natural rights to the state in exchange for security and other guarantees. (See Locke, John....whose work was what the declaration of independence was based on)
I have personal freedom, but I'm not free to punch you in the face.
We have a free enterprise system which means I can start my own business, but I can't open a restaurant and poison the food.
For the past 20+ years we've had a government that has let the entire financial industry, not just credit card companies, do basically any damn thing they wanted with no oversight or regulation.
It's about time someone stepped in and did something for the little guy, because the little guy doesn't have an army of lawyers and lobbyists to buy his own laws in the U.S. congress.
