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Midnight

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We’re Entering an AI Price-Fixing Dystopia (www.theatlantic.com)

submitted 3 months ago by Midnight to c/collapse

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[–] activistPnk 1 points 3 months ago* (last edited 3 months ago) (1 children)

from the article:

Similar complaints have been brought against companies in industries as varied as health insurance, tire manufacturing, and meat processing.

I guess any self-respecting environmentalists would just look the other way on the meat processing price fixing. I might welcome anti-competition in markets of unsustainable products where inflation is a benefit. The meat market is too big. If meat prices increase wildly, that leads to an increase of vegetarians.

[–] poVoq 6 points 3 months ago

Usually the price-fixing goes the other way in those markets, i.e. suppressing what they pay farmers, thereby increasing their profits while keeping the end user prices the same. This is a major driver of animal abuse as farmers in turn need to cut corners.