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this post was submitted on 05 Aug 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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this might run afoul of some of our scattered price gouging regulations (see some instances of sellers getting slapped during the toilet paper shortage nonsense), but interestingly this was announced after the Supreme Court kneecapped our ability to enforce any regulations at all
it’s almost like the corpos took a monstrous lesson from covid and were waiting for the right combination of deniable technology and probability of the success of the Supreme Court’s judiciary coup to announce something like this
hmm yeah that's a good point. I wonder if they're planning to skirt that by capping the raised price, just plan to avoid places with that regulation entirely, or what else
probably it'll be some inventive new form of extremely-USAian fuckery that I'm not in a cynical mood to guess at in speculation right now
I happened to come across an article mentioning the Robinson–Patman Act (from 1936) in relation with wage fixing by algorithm.
From Wikipedia: "a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination"
It might be relevant here. Obviously I am not a US lawyer specialised in monopoly law.