Competition Bureau seeking public input on algorithmic pricing
-
Does this mean flyers with listed prices are now useless.
What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.
How are you supposed to plan trips when the the price is always changing
At minimum it should not be allowed to change prices while the store is open to customers. (I guess with an exception for 24/7 stores)
And/or limit the number of price changes on any item to one per 24 hours, or 2 per 7 days, or something like that.
-
This post did not contain any content.
Competition Bureau seeking public input on algorithmic pricing
OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.
thecanadianpressnews.ca (www.thecanadianpressnews.ca)
Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.
So, fuck no.
-
So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?
If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.
How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.
An absolute no to this
-
The link to their form where you can give your input:
Feedback form – Algorithmic pricing and competition: Discussion paper
This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:
(competition-bureau.canada.ca)
I have to add an attachment in order to submit.
Maybe I should just send a meme.
-
Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.
So, fuck no.
It’s collusion out in the open
-
Does this mean flyers with listed prices are now useless.
What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.
How are you supposed to plan trips when the the price is always changing
Does this mean flyers with listed prices are now useless.
Yes, and it would make price matching and planning ahead obsolete, too.
Basically, this is designed to maximize profits by “optimizing” how customers get screwed over.
-
This post did not contain any content.
Competition Bureau seeking public input on algorithmic pricing
OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.
thecanadianpressnews.ca (www.thecanadianpressnews.ca)
What about fucking cost accounting? That is closer to the truth of value than charging what you “feel”. Cost accounting is transparent. Fair for everyone.
-
I have to add an attachment in order to submit.
Maybe I should just send a meme.
I sent this.
-
I sent this.
Thanks. Gonna search my images now.
-
How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.
An absolute no to this
What is the outcome you want, to have prices stay the same?
I’m just saying they cant stay the same, if prices do fall then the Bank of Canada will do QE and buy mortgage bonds to push prices up, so what is it you think you are fighting by banning algorithm?
-
It’s collusion out in the open
“It’s computers, so it doesn’t count for some reason”
