The “other countries should put tariffs on China” idea and the “China should shift its economy toward domestic consumption” idea are unified in the worldview of Michael Pettis, who has advocated both things. He has been saying that China needs to increase the share of consumption in its domestic economy for well over a decade, and it seems to me... See more

The report comes as federal and state legislators increasingly scrutinize potentially deceptive corporate pricing schemes, including algorithmic and “surveillance” technology. At the federal level, the Stop AI Price Gouging and Wage Fixing Act, introduced by Rep. Greg Casar, D-Texas, aims to prohibit the use of personal data to set individualized... See more

This explains why industries are so stable—and why disruption feels like betrayal.

When concert tickets went dynamic, the backlash wasn’t about economics. It was moral outrage. Artists who adopted surge pricing weren’t just changing strategy; they were declaring themselves to be a different kind of person. The fans noticed.

Amazon didn’t share... See more