Why Prices Are Out Of Control | David Dayen | TMR
June 21, 2024
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41:13Now PlayingWhy Prices Are Out Of Control | David Dayen | TMR
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as posted by the channelLive-streamed on June 4, 2024
David Dayen, executive editor at The American Prospect, discusses some of his recent writing and reporting on pricing.
David Dayen then joins, diving right into The American Prospect’s ongoing project on the reality of pricing in the US, with recent reports (and a lawsuit) exposing the major role of price fixing in the US economy, exploring how the consolidation of market power, technological (and more-specifically algorithmic) developments, and the various economic and social crisis of COVID-19 have allowed corporations to develop myriad ways to use individual variables (from habits to current phone life) to maximize their revenue in individual sales. After briefly touching on the existing federal statutes around price discrimination, and the major role algorithms and technological evolution play in obfuscating the decision-making process around pricing, Dayen parses through the ongoing fight within the Biden Administration over this issue of financial discrimination, including the advancement of various lawsuits. Wrapping up, David tackles why any potential legislative or administrative developments remain in a precarious position with a possible Trump Administration 2.0, and Sam and Emma look to the GOP’s ongoing attempt to reshape the narrative around Trump’s conviction.
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