Thank you very much, Mr. Chair.
I'd like to go back to the idea that I really like from Dr. Ian Manion of Partners for Mental Health. It was not just that academics come in and save the day but it was the community. I believe that any durable solution must often come from the community. I really like what you said.
My questions are going to be directed to the Retail Council and Karl Littler.
Have you given thought to any different types of solutions? Is regulation the only way versus credit cards and the rates that are charged? For me, the main problem in any market is the eventual centralization which leads to monopoly and more monopoly, and in the case of Visa and MasterCard, perhaps a duopoly, where there's very little competition and retailers don't have a choice.
Why not challenge the structure, use new technology, and innovative collective solutions? We've heard over the course of the week from multiple groups, small business owners, small business federations, about the same issues related to credit cards. Why not innovate a solution, a collective solution, to your own problem?