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Pirate Party MEP Helps Draft New Credit Card Company Controls 129

Posted by timothy
from the common-carrier-of-currency dept.
Dupple writes with this excerpt: "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."
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Pirate Party MEP Helps Draft New Credit Card Company Controls

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  • by Anonymous Coward on Tuesday November 20, 2012 @11:15AM (#42042439)

    And who, exactly, gets to determine who the "true" journalists are? Are what "true" journalism is, for that matter?

    Slashdot anonymous cowards and bloggers, of course.

  • by Anonymous Coward on Tuesday November 20, 2012 @11:26AM (#42042637)

    While I like regulation in many cases, like nuclear power plants, in my experience new regulations are like cables.

    When you put all the cables on the floor, they're more likely to snag your legs, or get entangled and knotted with each other.

    This is why sometimes the solution is fewer regulations, and more direct solutions. [...]

    Listen. To me. Your. Guy. Lost. The. Election. Already.

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