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PayPal Freezes Support Account For Bradley Manning
An anonymous reader writes "The online payment provider PayPal has frozen the account of Courage to Resist, which in collaboration with the Bradley Manning Support Network is currently raising funds in support of US Army Pfc. Bradley Manning. 'We've been in discussions with PayPal for weeks, and by their own admission there's no legal obligation for them to close down our account,' noted Loraine Reitman of the Bradley Manning Support Network (Support Network). 'This was an internal policy decision by PayPal. ... They said they would not unrestrict our account unless we authorized PayPal to withdraw funds from our organization's checking account by default. While there may be no legal obligation to provide services, there is an ethical obligation. By shutting out legitimate nonprofit activity, PayPal shows itself to be morally bankrupt.'"
Far as I can tell Paypal is just another pro-Establishment tool despite any intentions of its founder.
Founder's intentions mean squat with any company after it's been bought out by someone else.
Just look at Ebay: back in the late 90s when it was new, it was a great place for regular people to sell off their old crap, like a big internet garage sale. It had low fees, and few problems aside from scammers (a problem any time you deal with private sellers). Now it's been taken public, has a CEO, and is mired in greed and unethical behavior. Fees are ridiculously high, small-time sellers are screwed over in favor of "power sellers" who sell tons of Chinese-made junk, and scamming is still a giant problem because the company (even though it has far more resources than ever) refuses to do anything about it.
This is opinionated speculation only, but I really wonder what kind of favors or kickbacks Paypal is going to receive in the future.
My theory is that their purpose in scratching the government's back is to keep the government off their back when anyone complains about their actions, which would be illegal if they were chartered as an actual bank. So they get to act like a bank, talk like a bank, quack like a bank, but when they prefer to do something that banks aren't allowed to do (like freeze accounts arbitrarily), they can say "we're not a bank!" and get away with it because the government doesn't want to bother them after their help with "annoying" issues like this.