Amusingly, all the Australian banks asked the ACCC for permission to form a cart... | Hacker News

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		madeofpalk on March 28, 2024 \| parent \| context \| favorite \| on: Misunderstanding about the details of how Apply Pa... Amusingly, all the Australian banks asked the ACCC for permission to form a cartel and collectively bargain with Apple on Apple Pay terms. They were denied. https://www.accc.gov.au/media-release/accc-denies-authorisat...

amadeuspagel on March 28, 2024 [–]

Antitrust usually makes it impossible for smaller companies to combine their market power against the market power of a bigger company.

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