Capital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC News
Capital One to buy Discover for $35 billion in deal that combines major US credit card companies - ABC News
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers
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.
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
Shit. Now I've gotta find a new bank. I really liked Discover.
What's wrong with Capital One?
Well, they appear to be gobbling up good competition instead of competing.
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.
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.
I feel like breaking apart corporate control of the US should be one of the biggest pieces of a political platform.
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.
All of my credit history is in Discover. I'm absolutely fucked with this.