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#freemarket — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #freemarket, aggregated by home.social.

  1. @arstechnica @pluralistic Corporations say they love free markets, but they love profit more. Free market for thee, fixed prices for me.

    > Amazon’s response acknowledged that it uses reserve prices, saying it implemented the system because “relevant ads [were] increasingly winning at prices below market value.”

    Isn't the price that won the auction the market price, because, you know, it's the price the market discovered?

    #capitalism #freemarket #enshitification #amazon

  2. @arstechnica @pluralistic Corporations say they love free markets, but they love profit more. Free market for thee, fixed prices for me.

    > Amazon’s response acknowledged that it uses reserve prices, saying it implemented the system because “relevant ads [were] increasingly winning at prices below market value.”

    Isn't the price that won the auction the market price, because, you know, it's the price the market discovered?

    #capitalism #freemarket #enshitification #amazon

  3. @arstechnica @pluralistic Corporations say they love free markets, but they love profit more. Free market for thee, fixed prices for me.

    > Amazon’s response acknowledged that it uses reserve prices, saying it implemented the system because “relevant ads [were] increasingly winning at prices below market value.”

    Isn't the price that won the auction the market price, because, you know, it's the price the market discovered?

    #capitalism #freemarket #enshitification #amazon

  4. @arstechnica @pluralistic Corporations say they love free markets, but they love profit more. Free market for thee, fixed prices for me.

    > Amazon’s response acknowledged that it uses reserve prices, saying it implemented the system because “relevant ads [were] increasingly winning at prices below market value.”

    Isn't the price that won the auction the market price, because, you know, it's the price the market discovered?

    #capitalism #freemarket #enshitification #amazon

  5. @arstechnica @pluralistic Corporations say they love free markets, but they love profit more. Free market for thee, fixed prices for me.

    > Amazon’s response acknowledged that it uses reserve prices, saying it implemented the system because “relevant ads [were] increasingly winning at prices below market value.”

    Isn't the price that won the auction the market price, because, you know, it's the price the market discovered?

    #capitalism #freemarket #enshitification #amazon

  6. Greatest thinker you’ve never heard of

    1944, groundbreaking political economist Karl #Polanyi published The Great #Transformation

    He accused liberal economists of commodifying human beings in name of #FreeMarket

    1800s ideas brought barbarism, poverty with globalisation & unfettered capitalism

    Wealthy Germans saw #Nazis as force against unions were persuaded to ignore #Hitler antisemitism. As do Americans who find #Trump distasteful still vote for him

    theguardian.com/books/article/

    #books #society