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Forum Post: Phony Smart

Posted 2 months ago on Oct. 5, 2017, 9:49 a.m. EST by agkaiser (1935) from Fredericksburg, TX
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How do economists facilitate parasitization in the economy? That would take volumes to fully expose. I'll just show the trailer: The genesis paradigm of the king of con artists, Milton Friedman, [a-] urges the banksters to proliferate fees etc and to charge for everything; [b-] the GDP benefits from every penny corporations take for investors, who are the only responsibility of executive officers. [ie. Corporations have no responsibility to the community they ravage to make a profit for investors.] The next e-con approved technique in the Friedmanesque spirit of larceny will utilize your smart phone.

"... Electronic price tags may soon allow dynamic pricing in brick and mortar stores. Such tags are already in stores in France and Germany and parts of Scandinavia.

"The Guardian reports that B&Q, the largest home improvement and garden center retailer in the UK and Ireland, has tested electronic price tags that could change the price of an item, based on which customer is looking at it, something it can derive from the Wi-Fi connection to the customer's mobile phone. Not yet in stores, but that may be just a matter of time.

"Dynamic pricing strives to maximize the seller's profit by raising the average price he receives. Economists believe that is simply good business tactics. The rest of us remain unconvinced...."

https://www.nakedcapitalism.com/2017/10/will-retailers-switch-price-tag-system-screws-customers-every-opportunity.html

3 Comments

3 Comments


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[-] 2 points by elf3 (3760) 1 week ago

Oh yeah I posted something about this fear a long time ago...saw the writing on the wall...price setting per time of day or customer...whatever they want or even just price setting with their competitors which is supposed to be illegal and again as new technologies emerge we need to create laws to regulate them so they aren't breaking the social norms and ethics as well as constitution. Which is why again BOYCOTT and MINIMIZE no more useless things or stuff and just because one can do something (Walmart etc.) Doesn't mean one should.

[-] 1 points by agkaiser (1935) from Fredericksburg, TX 2 weeks ago

Civilization is Original Sin. We fell into slavery to our leaders, priests and kings. They coveted the wealth of our communities, which has always been created by our hard works. Law is created by parasites to assure their thefts will not be reversed.

[-] 1 points by agkaiser (1935) from Fredericksburg, TX 2 months ago

Money is the god of evil and Milton Friedman is its [profit] Prophet.