We Need To Rethink How Competition And Collusion In An Artificially Intelligent World
Digital Tonto
SEPTEMBER 15, 2024
Back in the Gilded Age of the 19th century, it was taken for granted that industrialists were all powerful. Men met in smoke-filled back rooms, traded information and, much like Adam Smith described, conspired against the public to raise prices and increase profits. Eventually, the public could bear no more, political pressure built, and legislation was passed to prevent collusive and predatory behavior.
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