If any store used dynamic pricing to expand their margins, the others would just do the same and compete away those margins once again, with the marginal gain being handed back to consumers.
Dynamic pricing on personal data is bad I think, but temporal dynamic pricing is actually very good for everyone and I hope it doesn't get thrown out by some reckless legislation-writing.
How would you do it if pricing is dynamic and changes every day?
By the time competitor finds out about the price, you might have already reduced it, making it look like theirs is more expensive even after they applied discount.
I was taught that the power of consumer choice could reign in markets, but when I look around I see more and more companies working harder and harder to make themselves completely insulated from consumer choice.
Now our darlings are companies that are like massive prisons that promise that everyone will be interned in in the future.
The highest ROI for any business is to buy their own politician. That allows you to block competition and other inconveniences at a legislative level.
To a lesser extent it is the same with loyalty programs - my grocery stores often discount items to 50% and on my receipt it there is usually something like - you saved 20 Euro - which could be 20 to 30% of the bill. A lesser mind than the average consumer's may suspect that they keep all the prices permanently inflated by 20 to 30% and if some schmuck dare to buy their favorite cheese when not discounted - it is on them.
You believe in the world's most expensive healthcare, the world's most expensive universities(/hedge funds), corrupt spending on corporations, wars on behalf of the empire, and our vassal states, and 'lavish' benefits for only corporations and white people (as has been the case since we invented whiteness)?
Am I correctly understanding that this status quo is your preference?
I'm also curious which benefit is specifically 'lavish'. The only social programs I'd describe as such are the programs that create billionaires.
Or do you just think that politicians shouldn't talk about rent, fuel, and food prices?
Or is your contention that the working poor just stupid for believing anything will ever get better in our two party system?
That seems bad.