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The issue with price discrimination (economic terminology) is that it not only brings the lower end down, but also the higher end up. Think of economy-class air
by mananaysiempre 5y ago
The issue with price discrimination (economic terminology) is that it not only brings the lower end down, but also the higher end up. Think of economy-class airline travel, where how much you pay is essentially determined by how much mental resources you’re willing to spend on planning.
That is assuming businesses are content with only getting the same revenue in the new pricing model and before you factor in issues like “people can’t count money” and “pretty much anything can get gradually normalized, and an undercutter’s market pretty much everything will”. For example, I honestly don’t know what I’d do if I wanted to buy a TV right now... Probably buy a normal underpriced surveillance node and spend the time to isolate it from public networks, but still, that’s depressing.