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The End of a Fair Price: Dynamic Pricing and the Normalization of Gouging

95 points · 128 comments · paimapi

  1. abdullahkhalids · · focus · HN ↗
    Whenever you analyze a dynamic system, the primary question you ask is, which direction will it evolve in, and will it hit some steady state?

    If you apply this thinking to the economic system practiced in most countries, the answer is that the system forces have been set up in a way that the capital owners need to be paid back on an exponential schedule, and there are barely any counter-forces to this. Hence, the system will never hit a real steady state. People will continue to creatively design more and more immoral methods of extracting monetary value from a finite system that cannot indefinitely and continuously grow exponentially. There is no other way to pay back the capitalists. There is no counter-force.

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