Thread

Tomorrow, I record nostr:nprofile1qyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmdqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsqgzclyzlmgz92vcdt6v284xlrctug54tfs0dvj8nw8csqf2y00yuzysxpv9s with Cory Doctorow. He occupies a liminal space between strident advocate for consumer privacy and digital rights and capitalism-and-regulatory-failure-are-at-fault. Here's an excerpt from his latest book, Enshittification: “Here’s some context: Most payments go through a cartel of massive credit card companies (Visa, MasterCard, Amex, and sometimes Discover). These processors have a well-earned reputation as price-gouging scum—for one thing, they have raised the cost of payment processing by 40 percent since the pandemic, even as their costs declined (and Visa is—as of the time of this writing—the target of a DOJ antitrust enforcement action for monopolizing payments).”