> They don't even reinvest their profits - they return them to shareholders.
Yes, they leave it for their shareholders to decide how they want to reinvest their profits, as opposed to making this decision for them.
> So the value of the "best business on the planet" is that it takes a percentage of every transaction and funnels it into the personal wealth of Visa shareholders?
Yes, this is literally the only thing they do. They provide no service whatsoever, and it's strange that merchants decide to give them a cut into their profits for no reason at all.
> Instead it sounds like it's just a driver of inequality simply because they have a captive market and no real competition.
Yes, the company with ~20% of global market share has no real competition.
Yes, they leave it for their shareholders to decide how they want to reinvest their profits, as opposed to making this decision for them.
> So the value of the "best business on the planet" is that it takes a percentage of every transaction and funnels it into the personal wealth of Visa shareholders?
Yes, this is literally the only thing they do. They provide no service whatsoever, and it's strange that merchants decide to give them a cut into their profits for no reason at all.
> Instead it sounds like it's just a driver of inequality simply because they have a captive market and no real competition.
Yes, the company with ~20% of global market share has no real competition.