Miguel Afonso Caetano on Nostr: "Price discrimination, then, is a Bizarro-world flavor of cod-Marxism. Rather than ...
"Price discrimination, then, is a Bizarro-world flavor of cod-Marxism. Rather than having a democratically accountable state that sets wages and prices based on need and ability, price discrimination gives this authority to large firms with pricing power, no regulatory constraints, and unlimited access to surveillance data. You couldn't ask for a neater example of the maxim that "What matters isn't what technology does. What matters is who it does it for; and who it does it to.""
https://pluralistic.net/2025/01/11/socialism-for-the-wealthy/#rugged-individualism-for-the-poor#PriceDiscrimination #Economics #Monopolies #Oligopolies
Published at
2025-01-12 11:16:45Event JSON
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