- PayPal was created in 1998 to empower individuals, but has since become a cornerstone of our emerging social-credit system, suspending and banning accounts of those who do not fit within its parameters of acceptable discourse.
- PayPal has suspended or banned accounts of entrepreneurs, writers, academics, activists, Bitcoin investors, journalists, and advocacy groups, without explanation.
- PayPal has teamed up with the Anti-Defamation League and Southern Poverty Law Center to examine how extremists use financial platforms to fund their activities.
- PayPal’s updated Acceptable Use Policy prohibits all “objectionable” activity, and violators face a $2,500 penalty.
- PayPal CEO Dan Schulman has been fuzzy when it comes to defining the boundaries of free expression.
- PayPal, founded in Silicon Valley with a mission to empower people, has become a pillar of a new social-credit system that punishes those who don’t adhere to the unofficial party line.
- This system was largely enabled by the Patriot Act, Ebay’s acquisition of PayPal, and the WikiLeaks controversy.
- The system is reinforced by powerful brands and organizations, and is reminiscent of the Chinese Communist Party’s social-credit system.
- Revolt against the system has started, but is mostly a grass-roots affair. Elon Musk, the new owner of Twitter, is worried about the system and is taking steps to fulfill the mission that PayPal has abandoned.
Click HERE for original. Published December 13, 2022