this post was submitted on 24 Jul 2025
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[–] Mk23simp@lemmy.blahaj.zone 20 points 3 days ago (2 children)

I am a strong believer in democracy. I don't think that the answer to a bad government is to reduce the power of the government, because that power will inevitably go to undemocratic institutions. Only the government is accountable to the people. So even when the government is currently controlled by people I dislike, I still want more things to be brought under the power of the government rather than privatized.

The answer to bad government actions, in my view, is to fight for a more democratic government, and zealously advocate for good ideas among the voting population.

[–] FishFace@lemmy.world 3 points 3 days ago

Yeah, that's a good point. I guess in light of that what I would say is that, if you are going to have a state-run payment processor, you need to build in a) pluralism (enable and encourage multiple processors) and b) legal protections (legally guarantee that the payment processor has a limited remit in terms of allowing all payments unless instructed to block them by a court order) which would help mitigate or slow down anti-democratic backsliding.

[–] Adalast@lemmy.world 0 points 3 days ago (1 children)

Honestly, I am OK with payment processors being privatized, they always have been. What needs to happen is regulatory legislation that restricts the grounds on which a financial institution can reject a transaction to strictly what violates interstate commerce law.

[–] Mk23simp@lemmy.blahaj.zone 3 points 3 days ago (1 children)

Just because they always have been doesn't mean it's good. It's definitely not good for private companies to have monopoly power like that. That power will only be used for their gain (and our collective loss).

[–] Adalast@lemmy.world 3 points 2 days ago

Fair enough. I guess I am just so used to the way things are I struggle to see how a government payment processor works without running the risk of police overreach. I do understand that long standing agencies like the IRS and DoE do a good job of fending off advances of police trying to illegally obtain private info, but a new agency or new power for an agency wherein they have access to the exact purchase data of every transaction done using anything other than cash gives me strong pause. It would be trivial to put it under the executive branch and put in there that if someone uses it they waive their 4th Amendment rights in such a way that it is not unconstitutional. The police state already wants to push us towards a cashless society because getting the information is already borderline too easy and there are privacy laws in place to supposedly protect us from such intrusion. Taking out the middle man means I have to trust some department head who is probably a political appointee, and we all see how well that can go.

Rock meet hard place.