Big data & price fixing cartels

… as pricing systems become ever more autonomous, aspiring monopolists like Mr Topkins eventually will not even need to speak to their competitors to fix prices.

Computers will do the colluding for them, either by using the same algorithm or learning from their interactions with other machines — all without leaving behind trails of incriminating emails or voicemails.

Policing the digital cartels, by David J Lynch in Financial Times Continue reading Big data & price fixing cartels

Institutions & Development

Some countries build benign, efficient institutions that foster economic growth;
others build predatory ones that retard it.

How to fix failed states, January 12, 2017 at 02:53AM

Continue reading Institutions & Development

Multiculturalism vs Assimilation

“… away from multiculturalism and towards assimilation”

Segregation scars parts of Britain, some immigrant groups remain poorly integrated and minorities within them are hostile to liberal values.

Britain’s genius is its ability to integrate newcomers, January 13, 2017 at 06:03PM

Continue reading Multiculturalism vs Assimilation