|Supermaket Association Juan Vasco Martinez, showing the "Supercard" which of course has to be red...|
You thought that the Argentine government had gone nuts when they froze prices and banned supermarkets from advertising in newspapers? Well, that’s the beauty of Cristina Kirchner’s government, whenever they do something ridiculous in an attempt to stop sky rocketing inflation you can rest assured that their next measure will be even more bizarre.
Say hello to the “Supercard”, the credit card that the Argentine government will force people to use while boycotting the ones already found on the market. Domestic Trade Secretary Guillermo Moreno came up with this brilliant idea. Why let Mastercard or Visa keep 3% when you can force everyone to use “Supercard” that charges just 1%? Isnt it fantastic how these people chose what’s best for you? There’s the small matter of individuals actually having the freedom to use whatever kind of card they want, rather than being forced to use a shady credit card created by corrupt politicians and their associates. For now, Supermaket Association Juan Vasco Martínez said “no one’s talking about banning anything… but” said Martinez smiling like a weasel “ lets say the dynamic created by the Supercard will end up excluding the others, because of the market…”.
The Argentine Ripoff BS - English translation would be: The government got together with the main big name supermarkets and together planned to get rid of credit cards and force everyone into using their own lousy credit card called “Supercard”.
I cant wait to see what snake oil solution they’ll come up with next.