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lucie digitální

@zens @Libby_ @rbreich i think price-fixing is when there's collusion to set prices. this is just straight price-gouging, made possible by a lack of effective competition

30 January at 1:48 | Wall-to-wall | Open on aus.social
7 comments
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@luciedigitalni @Libby_ @rbreich collusion was recently proven. it’s just laundered with “algorithms”

30 January at 1:54 | Open on merveilles.town
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@luciedigitalni @Libby_ @rbreich like… if you have a computer program to change your store prices the microsecond your competition does, is an actual conversation to agree to do that needed?

30 January at 1:55 | Open on merveilles.town
lucie digitální

@zens @Libby_ @rbreich no it isn't. either way, it's of course the lack of effective competition that's the underlying problem

30 January at 1:58 | Open on aus.social
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@luciedigitalni @Libby_ @rbreich you’d expect a functioning FTC or ACCC to be investigating it and cracking down but i haven’t heard of them doing anything

30 January at 2:02 | Open on merveilles.town
lucie digitální

@zens @Libby_ @rbreich the ACCC has been doing some good work over a number of years looking at the market power of 'large digital platforms'. I believe they're starting a detailed review of supermarket pricing right now. I also understand the FTC is getting active too - Cory Doctorow has written about that quite a bit lately

30 January at 2:08 | Open on aus.social
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@luciedigitalni @Libby_ @rbreich that’s nice , would be nicer if they could get on with it cos, while i can absorb the increased price of living with some discomfort, they’re also exploding the costs on bare essentials, which strikes me as broadly equivalent to a eugenics project for folks who are not as lucky as me

30 January at 2:12 | Open on merveilles.town
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