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Amazon made $1 billion through secret price raising algorithm -US FTC
(www.reuters.com)
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this post was submitted on 03 Nov 2023
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Well, I did write construct, not context. So, yeah, I do mean that you need to make up a fundamentally different reality (where everything happens in a singularity) for it to then potentially work as the theories say.
And while we can have arguments on whether those theories with fundamentally wrong axioms can still be mapped to reality, monopolization is a very obvious example where it falls apart and we do need regulation from the outside.
oh i misread that the first time. yeah i completely agree. i was even thinking of saying the thing about monopolies in my comment, i think it’s a pretty good example of how things start to fall apart.
making up fundamentally different realities does sound like fun though, just not for the purposes of trying to justify capitalism.