>> These are the hallmarks of one of the best businesses on the planet.
The "best business on the planet" is effectively a tax on economy growth? They don't even reinvest their profits - they return them to shareholders. So the value of the "best business on the planet" is that it takes a percentage of every transaction and funnels it into the personal wealth of Visa shareholders?
That kind of platform business should really be run as a non-profit, and instead of paying dividends, should reduce processing fees to where it just covers operating costs and capex.
Instead it sounds like it's just a driver of inequality simply because they have a captive market and no real competition. I suppose that's the "best business" under a very specific definition of best.
But in terms of making the world a better place, I don't think so.
>> These are the hallmarks of one of the best businesses on the planet.
The "best business on the planet" is effectively a tax on economy growth? They don't even reinvest their profits - they return them to shareholders. So the value of the "best business on the planet" is that it takes a percentage of every transaction and funnels it into the personal wealth of Visa shareholders?
That kind of platform business should really be run as a non-profit, and instead of paying dividends, should reduce processing fees to where it just covers operating costs and capex.
Instead it sounds like it's just a driver of inequality simply because they have a captive market and no real competition. I suppose that's the "best business" under a very specific definition of best.
But in terms of making the world a better place, I don't think so.