The Terrifying Rise of Financial Blacklisting

The Terrifying Rise of Financial Blacklisting, by Allum Bokhari.

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.

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. …

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. …

This “extra layer” places platforms like Patreon in an impossible position: abandon free speech or lose your ability to process payments. That’s also why so many free-speech alternatives to Patreon have failed: FreeStartr, Hatreon, MakerSupport, and SubscribeStar all tried to offer a more open platform, and were promptly dumped by the credit card companies. All are unable to do business.

This exposes the emptiness of establishment conservative arguments about the free market. Those who oppose Silicon Valley censorship aren’t allowed to just build their own alternative platforms. They must build their own global payment processing infrastructure to have any hope of restoring free speech online.

We need a whole ecology of organizations outside the control of the PC empire. Seriously.

Otherwise the empire will pursue us and strike us down, wherever we are.