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Great work Visa, now I hate you

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Re: Great work Visa, now I hate you

#121

Post by coffeegeek »

simonw wrote: post #80

I've been having enormous trouble understanding the thinking behind the "We are proud to only accept Visa" marketing campaign. I simply can't understand how it could be viewed positively by any consumer - it's such an obviously anti-customer thing to do. I've been trying really hard to understand why Visa would make such an obviously unfriendly and counter-productive decision. The only theory I can come up with is th…

"The only theory I can come up with is that their real customers are the banks"

Unlike Visa in the US, Visa Europe is still owned by its 3000+ member banks. It's only responsibility is to make its shareholders happy.

Re: Great work Visa, now I hate you

#123

Post by einhverfr »

Honest question here. What implications are there under European Anti-Trust law regarding such a rule? Is such a bald-faced restraint on trade illegal? Could many vendors get into trouble here? Could the IOC be sanctioned?

I ask because in the US I would expect Sherman Act lawsuits to be flying over stunts like this.

Re: Great work Visa, now I hate you

#124

Post by einhverfr »

ktizo wrote: post #94
andrewfelix wrote: post #88

Earlier quoted context omitted.

>In socialist Europe, banks own YOU! Americans have a lot more personal debt than Europeans. 'In Free Market America, banks own YOU!' would be more appropriate.

Here's some nice charts on this theme. http://rwer.wordpress.com/2012/01/01/debt-britannia-with-16-... You aren't doing as badly as you think. [edit] I assumed you were based in america, but apparently you are in sydney, sorry for confusion and random assumptioness. However, this means that according to the first chart on the page I linked, you guys are doing worse than the americans on household debt. Not that I can…

Reading that my first thought was "Wow, British banks are screwed."

It would be interesting to see how that compares to Greece, Spain, Italy, and other more troubled EU countries. The EU situation suddenly seems a lot scarier to me financially.

I should add that Steve Keen's writings on debt are absolutely must-reads for anyone interested in macroeconomic outlooks especially because he discards Neoclassical models in favor of debt-based models.

Re: Great work Visa, now I hate you

#125

Post by danweber »

simonw wrote: post #80

I've been having enormous trouble understanding the thinking behind the "We are proud to only accept Visa" marketing campaign. I simply can't understand how it could be viewed positively by any consumer - it's such an obviously anti-customer thing to do. I've been trying really hard to understand why Visa would make such an obviously unfriendly and counter-productive decision. The only theory I can come up with is th…

the thinking behind the "We are proud to only accept Visa" marketing campaign

It's like "for your convenience."

"For your convenience, all toilets have been closed."

Re: Great work Visa, now I hate you

#127

Post by jacalata »

dangrossman wrote: post #117
simonw wrote: post #80

I've been having enormous trouble understanding the thinking behind the "We are proud to only accept Visa" marketing campaign. I simply can't understand how it could be viewed positively by any consumer - it's such an obviously anti-customer thing to do. I've been trying really hard to understand why Visa would make such an obviously unfriendly and counter-productive decision. The only theory I can come up with is th…

> I simply can't understand how it could be viewed positively by any consumer Visa's market research suggests a significant increase in Visa usage and Visa brand value among consumers aware of their Olympic sponsorship (which has been ongoing since 1986, and already committed through the next 4 Olympics games): > According to the U.S. Sponsorship Tracker, a Visa commissioned study following the Vancouver 2010 Olympic…

He wasn't asking 'why sponsor the olympics', he was asking 'why take the exclusive angle'. Saying 'they've been doing it for years' does not answer that.

Re: Great work Visa, now I hate you

#128

Post by ktizo »

einhverfr wrote: post #124
ktizo wrote: post #94

Earlier quoted context omitted.

Here's some nice charts on this theme. http://rwer.wordpress.com/2012/01/01/debt-britannia-with-16-... You aren't doing as badly as you think. [edit] I assumed you were based in america, but apparently you are in sydney, sorry for confusion and random assumptioness. However, this means that according to the first chart on the page I linked, you guys are doing worse than the americans on household debt. Not that I can…

Reading that my first thought was "Wow, British banks are screwed." It would be interesting to see how that compares to Greece, Spain, Italy, and other more troubled EU countries. The EU situation suddenly seems a lot scarier to me financially. I should add that Steve Keen's writings on debt are absolutely must-reads for anyone interested in macroeconomic outlooks especially because he discards Neoclassical models in…

I've been following Real-World Economics Review - http://rwer.wordpress.com/ - since they were the movement for a Post-Autistic Economics - http://www.paecon.net/PAEmovementindex1.htm - Steve Keen seems to crop up there quite a bit.

Re: Great work Visa, now I hate you

#130

Post by ww520 »

kareemm wrote: post #85

> I discovered that McDonalds’ terms of sponsoring included that no one else in the areas of the games is allowed to sell french fries, unless they come with fried fish (because the classic dish of Fish & Chips could not be banned in the UK). But besides the Fish & Chips exception, no one is allowed to sell french fries around the games. My friend dealt with sponsorships in the venues for the Vancouver 2010 Olympics.…

Why do McDonald not want to serve french fries? People love fries. And it's a big profit center for McDonald anyway.
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