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this post was submitted on 09 Oct 2023
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Is it really antitrust if the algorithm correctly concludes that you can effectively charge infinite money for basic needs like food, shelter, water, healthcare that humans need to survive?
The issue is that it sets the same prices for all its clients, so they all move in tandem. The more clients in one area using it, the stronger the profit for everyone because their prices move in lockstep. It creates the prices via its collision mechanism.
This is the same thing as those parties colluding to all raise their prices in tandem, they have just outsourced the collusion.
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