It is the most totalitarian form of blacklisting: not just to be prevented from speaking on a university campus, or to be kicked off social media, but to be shut out of the entire financial system. That is the terrifying new threat to freedom that western societies must now contend with.Read more here.
Financial blacklisting doesn’t just rob you of a chance to spread your message: it robs you of your ability to do business, your livelihood, your very means of functioning in a capitalist society. Thanks to the encroachment of progressive ideology into the financial industry — including major credit card companies like Visa, Discover, and Mastercard — it has now become a reality.
I first wrote about the rise of financial blacklisting in July, in a column for Breitbart News in which I highlighted the growing tendency of online financial platforms — as well as Visa and MasterCard — to deny service to customers for political reasons. I was surprised to receive a strongly worded comment from the liberal Electronic Frontier Foundation (EFF), who bluntly warned that banks and credit card companies had become “de facto internet censors.” That even liberal groups had raised the alarm signaled the seriousness of the problem.Since then, financial blacklisting has only gotten worse. In August, Mastercard and Discover deplatformed conservative and Islam critic Robert Spencer. In the same month, Visa and Mastercard ceased service to David Horowitz. While credit card processing service to Horowitz was eventually restored, Spencer remains financially blacklisted.
Crowdfunding platforms like Patreon, which allow online content creators to collect donations from their supporters, are frequently cast as the primary villains in financial blacklisting. Patreon’s recent ban of YouTuber Carl Benjamin, better known by his moniker Sargon of Akkad, triggered a crisis for the platform. Both donors and creators — including prominent atheist Sam Harris — quit the platform in protest, while Jordan Peterson and Dave Rubin pledged to create an alternative platform that is pro-free speech.
But Patreon and other crowdfunding platforms are not the real villains. They are dependent on the whims of the credit card companies, something that was already apparent in August when Mastercard forced them to withdraw service from Robert Spencer. We now know that the credit card companies were also a factor in Patreon’s decision to boot Benjamin.
Monday, January 07, 2019
The impact of the encroachment of progressive ideology into the financial industry
In Da Tech Guy blog, baldilocks links to a Breitbart post by Allum Bokhari: