| ▲ | w10-1 3 hours ago | |
Price discrimination has been studied and practiced in various firms for decades. Information assymmetry is endemic to virtually any market relation other than haggling over marbles. People feel their economic weakness as unfair. What's really new here, warranting regulation? The problem is that the value of these information markets creates all the wrong incentives. Companies layer surveillance into everything to subsidize other businesses, and people expect free search and email, and cheap home security even at others' tiny cost. It's too bad these services live forever as cash cows to subsidize crazy ideas and schemes. They should graduate to public utilities once the product stabilizes. | ||
| ▲ | bit1993 3 hours ago | parent [-] | |
> It's too bad these services live forever as cash cows to subsidize crazy ideas and schemes. They should graduate to public utilities once the product stabilizes. In essence if you take capitalism to it's max you will eventually meet Marx. | ||