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Forum Post: Phony Smart

Posted 2 weeks ago on Oct. 5, 2017, 9:49 a.m. EST by agkaiser (1821) 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

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[-] 1 points by agkaiser (1821) from Fredericksburg, TX 2 weeks ago

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