Team Trump vs GOP

The true believers share views that run counter to the Paul Ryan-wing of the GOP on everything from immigration and infrastructure spending, to bullying corporations. They are anti-“corporatists” who want to methodically destroy conventional conservatism.

Trump 101: What he means by “America first”, January 23, 2017 at 03:44PM

… it isn’t over yet.

Civilians, Soldiers, and Politicians

If he were a civilian, Chike would have had sympathies, would have tried to puzzle out the rights and wrongs of each side, but his military training disposed him to neutrality. It was for politicians to decide who they fought and why, which causes were just and which were not. Soldiers dealt in orders alone

Welcome To Lagos” by Chibundu Onuzo

Continue reading Civilians, Soldiers, and Politicians

Transparency & Price Fixing

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.

Policing the digital cartels, by David J Lynch in Financial Times Continue reading Transparency & Price Fixing

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