Thread

1. bbor · 1790706875 · focus · HN ↗

   A yes, capitalism; a system that works perfectly as long as communication and data processing technology is innefficent enough to put a natural efficiency limit on all firms. Reminds me of the scandal around rental price "collusion", which ultimately was kinda just really effective software for doing stuff that would normally be fine.

   *ETA:* And FWIW, the author here goes about as far towards that as they can -- a shoutout at the end! Anything else would be decried as biased, after all. Great article; shame it'll soon be downranked by the wonderful machines running this place :(

   1. bix6 · 1790706940 · focus · HN ↗

      You mean like withholding units from the market to overcharge renters when there’s people sleeping on the streets? Totally fine.

      1. bbor · 1790707302 · focus · HN ↗

         That feels like a worthy critique but I'm not sure it relates? That's just how capitalism prioritizes capital over anything else, which is the core problem of course but isn't super related to the problems of increasing information. In fact, wouldn't this technique get harder to pull off as renters have access to better and better tools themselves?

         1. RangerScience · 1790707906 · focus · HN ↗

            I wouldn’t expect it to; better information, without power to act on it, doesn’t do much.

            That said, this’d be one of those things where you can say “this is my prediction”, and if it doesn’t come true, go looking for the forces and factors you missed from your initial prediction.

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