Price transparency can in some settings facilitate tacit collusion by enabling firms to see what other firms are charging, and hence easily detect any deviation from agreed-upon high prices.
… 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.
“… Reagan: a mouthpiece for the ideas and policies inserted into his empty head by members of an ascendant conservative movement riding his television-mastery to power.”
Republicans Have No Good Reason Not To Impeach Donald Trump, January 15, 2017 at 12:54AM
The bridge-dwellers spoke different languages, worshipped different gods, supported different premiership teams; but every single one Chike had spoken to was moving out soon, even those who had lived there for years. It was the Lagos delusion.
– “Welcome to Lagos” by Chibundu Onuzo
Modi’s faith lies in the heavy hand of a strong state, rather than in the invisible hand of the markets.
Narendra Modi: The man who would purify India, January 11, 2017 at 04:56PM
“… 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