"Surveillance pricing is inherently exploitative on its face. Consumers are unable to make informed decisions about their purchases and often lack alternatives, leading to unfair pricing practices."
"Economist Adam Smith would have hated the practice, which is not a free exchange of goods and services, but the leveraging of a power imbalance by one party."
"The New Democratic Party has been on the case of late throughout the country, introducing bills to restrict algorithmic pricing and raising the issue on the national agenda."
Surveillance pricing involves charging individuals different prices based on data collected about them, leading to exploitation. Governments, including the New Democratic Party, are advocating for bans on this practice. Manitoba and Ontario have introduced bills to restrict algorithmic pricing, while the federal party has raised the issue in Parliament. Critics argue that this practice undermines informed consumer choices and creates power imbalances in markets. The practice is seen as contrary to capitalist principles, as it does not represent a fair exchange of goods and services.
#surveillance-pricing #consumer-rights #algorithmic-pricing #government-regulation #economic-exploitation
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