Is there proof the government actually uses this apparatus?
I don't think there's any government involvement necessary here - Mastercard has some censorship apparatus (which they claim to be necessary for their brand's reputation), and they used it (apparently through pressure from an Australian group) towards video games.
This is really bad but I don't think it makes sense to believe a government was ever involved here. Of course, there should be laws put in place to regulate mastercard into a common infrastructure. They should not be able to deny processing a legal payment because of nebulous "brand reputation" reason.
There are laws in place to regulate this behavior, but the government has chosen to protect mastercard from enforcement in this instance. That's the smoking gun.
Mastercard could simply refuse service for those games in particular instead of demanding (through proxies) that the games be banned from Steam. There's a clear antitrust violation.
if we're going to point to this there are much much more problematic instances of this happening, in particular democratic pressure to platforms like twitter and facebook to suppress certain information as "disinformation" even when it later came out to be true (hunter biden laptop)
We need to break them up solely based on size - if they’re too big on revenue or profit or market cap or employees, break them up. Or at least huge taxes on the largest companies and lower taxes on small ones. Market cap about 500B? Here’s an additional 25% tax on profits. Above 1T? Make that 50%.
I would argue that entities such as VISA and Mastercard have so much power that they are government-like entities and should be treated as such (i.e. a common carrier).