The other day I had a post on the growing ability of online businesses to charge customers different prices according to their ability to pay – perfect price discrimination in economists’ jargon. Which led naturally to the question: am I being screwed, and, if so, how badly?
Here are the results of a small . . .
There is an enjoyably agitated article in the online ‘Small Wars Journal,’ with the title “Plutocratic Insurgency Note No. 7: Artificial Intelligence (AI) Pricing Software - Profit Optimization Beyond ‘the Invisible Hand.’” The subject is the growing ability of corporations to squeeze more profit out . . .
The two angles are from the English conservative writer and philosopher Roger Scruton, and from the economist Dani Rodrik, who, outside his technical economic writings, appears to be a conventional American liberal – horrified by Trump and so forth. Yet both, in sometimes overlapping, sometimes complementary ways, make a persuasive case . . .
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