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Totally get your point between individual skill / trust and the agency level. In my little country we had a recent event where a governement agency, pretty much
by wjnc 2y ago
Totally get your point between individual skill / trust and the agency level. In my little country we had a recent event where a governement agency, pretty much failing for the last 20 years, but especially pronounced the last 5 years suddenly came clear in a PR-move. What? Turns out a newspaper had succeeded in a neatly tuned FOIA-request (local equivalent) and forced their hand. At the same moment a vote was underway for extra budget, looking to fail. So the sudden transparency was really pretty ugly.
Surrounding collusion. I can’t tell you what to believe, but keep in mind that there are a lot of reasons why correlated moves in prices can occur without communication. Lots literature in industrial organization (the field of why markets have particular ordening and how actors behave on markets) on signaling. A though experiment might be the games of poker versus bridge on explicit vs implicit signaling / coordination.
- mistermann 2y agoIf we were actually serious here, we could introduce a variety of ideas into this conversation that would provide very interesting insight into what is going on in this thread, and in the realms surrounding these allegations...just one of them is this: https://en.m.wikipedia.org/wiki/Closed-world_assumption https://en.m.wikipedia.org/wiki/Closed-world_assumption It would be fun if this fellow's initiative actually got some traction, and attention, and then out of the blue they launched a new educational section of their website to assist the public (and journalists...or not) in their thinking on such matters. I suspect these giant retailers have a risk department, and at least some people in that department would be able to recognize that which the general public and participants in this thread lack the ability to recognize.