cross-posted from: https://lemmy.world/post/6320210
Report: Amazon made $1B with secret algorithm for spiking prices Internet-wide::Report reveals details about Amazon’s secret algorithm redacted in FTC complaint.
The system is working exactly as its core mechanisms demand and in line with what good (corporate) behavior requires. It does so openly.
The current implementation has its flaws but that’s due to unchecked concentration of power, as you stated earlier. The core mechanism of exchange of goods among individuals is just fine.