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Gork ,

Fuck that. Fewer and fewer options just means the biggest companies can bully everyone else.

Anti-trust this merger and cancel it. The Feds have the power, we saw what they did with Ma Bell. They just need to actually flex their muscle instead of being captured by corporate interest.

Nurse_Robot ,

You must be new to late stage capitalism

TakiMinase ,

The government will bail them out, wealth class socialism.

ShunkW ,

Yeah and then Ma Bell just reformed under other names and started doing it again. When there’s no actual enforcement, it doesn’t matter how much politicians grand stand

JustUseMint ,

How is this fucking legal. I mean, I know it’s not under anti trust laws, but it’s so obviously meeting those criteria, how does this shit so often NOT get immediately struck down? We’re so corrupt, it feels like a lost cause

RainfallSonata ,

Shit. Now I’ve gotta find a new bank. I really liked Discover.

Dark_Arc ,
@Dark_Arc@social.packetloss.gg avatar

What’s wrong with Capital One?

paraphrand ,

Well, they appear to be gobbling up good competition instead of competing.

AllonzeeLV , (edited )

With no significant new markets to exploit, having conquered the monopoly board, and their grift always requiring infinite growth/metastasis on a finite world, terminal state Capitalism is eating itself in its perpetual need for mooooooaaaaar.

https://lemmy.world/pictrs/image/685383d6-a6dd-48b7-b10d-84a4d2ffab5e.jpeg

Merging entire economic sectors, laying off their talent, enshittifying their product/service in the process because lol where you gonna go, destroying that sector’s ability to provide the product/service it existed for in the first plase, to private shareholder cheers because sabotaging the future will boost profits in the short term, because that’s all they care about: the next 3 months.

It’s happening in every corner of our economy.

moonwalker ,

I feel like breaking apart corporate control of the US should be one of the biggest pieces of a political platform.

AllonzeeLV ,

Such a platform wouldn’t get tens of millions in corporate bribe dollars legally deposited into the candidate’s BribePac, and would get nothing but hit pieces by the corporate owned media. The oligarchs own this fucking place. This isn’t a class war, that was about 50 years ago and we surrendered without terms, this is a class occupation.

We can revolt, or we can wait for collapse. The good news? Capitalism is eating itself with no new places to grow/metastasize its grift, so we might just get to see collapse in our lifetimes, us clearly being too cowardly and subsistence opiate (social media, fast food, literal opiates, etc) addicted to revolt.

alphapuggle ,

All of my credit history is in Discover. I’m absolutely fucked with this.

morphballganon ,

Small player takes over small player. Big deal.

Now, if Chase bank bought Mastercard, that would be some bullshit.

dependencyinjection ,

Mastercard merely processes transactions no? Like world pay.

dmtalon ,

Don’t they feed off every single transaction? I’d imagine they’re huge.

dependencyinjection ,

They take processing fees.

You don’t need to imagine their size, you can Google them. They have a market cap of $400B+.

You should note that it’s the retailers paying the transaction fees and not the customers.

dmtalon ,

Well my point was that it would be a large merger

dependencyinjection ,

But not a monopoly as they’re different services, albeit in the same industry.

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