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Comment Re:Good (Score 1) 41

If hypothetically targeted ads would be banned, there would be the same advertising budget as before

Not really. The 2x $1000 or so I spent on targeted ad campaigns have been worth it. If they weren't targeted, it would be far less effective; there's quite a few articles pointing out that targeted ads have a far higher click-through rate, and a higher conversion rate as well. Without targeting, my ad budget might still be $2000 but I wouldn't be spending it.

Comment Re:Good (Score 1) 41

That's not going to happen. The global advertising market is approaching a $1 trillion dollar value annually, and personalized ads have driven a lot of that growth. Personalized ads make it possible to zoom in on your target demographic more precisely, so you're not paying for impressions going to the wrong target group. It made advertising affordable to people who could not have justified the cost before. Hell I've ran a few global online ad campaigns for an app I wrote as a hobby project.

No, they'll not going to kill the goose that lays those particular golden eggs.

Comment This needs to die. (Score 2) 41

"applying the ban only to the use of personal data to set higher prices without establishing a baseline or standard price".
So you set very high baseline prices, then use personal data to offer varying discounts. That does look like a loophole.

How about "No dynamic prices or discounts based on personal or biometric data are allowed"? Put in an exemption to offer a discount to certain classes (student or vet discounts, discounts for seniors)
In the past dynamic prices (discounts) were used to increase turnover: get new customers in the door with offers, keep them coming back with loyalty programs, and have them buy more with volume discounts. Now, it is used to extract the maximum amount of cash from every customer. It seems that the MBAs who came up with this have fully embraced the first tenet of communism: from each according to their ability.
"How much is this item?"
- "How much do you have?"

Comment Sparta and Athens (Score 1) 134

The synthesis of Sparta and Athens was tried successfully: Prussia.

It is the ideal that lurks in his mind, he was trained in Frankfurt school, the interprussian left wing academic opposition, However, for a state like that to exist you may tolerate a dofus in power but not embrace him. US culture is not able to embrace that.

Comment Trump heterodox economics (Score 1) 166

The tariff policy is outrageous for trade economists. I was trained in that area of economics. Trump put amateurs in the position to develop "Fair trade" economics. completely bogus teachings. Even the Heritage Foundation project 2025 had to hedge the fair trade dossier with an alternative essay on classic free trade policy.

Now, he did technical mistakes and it costs XXX billions figures. But no one talks about that. He is immune from the consequences of his action where in every other country a head of state would have been compelled to step down. This makes the whole Trump regime very frightening, because they hardened him with the daily outrage, so he does not step down anymore for the stuff that really matters.

Speaking of the stuff that really matters I still find the ecommerce chapters of Trade Agreements outrageous with their anti-opensource provisions against mandatory source disclosure. Source code disclosure is exactly what governments should ask for in public procurement. There are things that need to improved in trade but using tariffs is not one of them. I think it emerged from the pipe dream to abolish a federal income tax by using tariffs, like its 1826 again.

Comment Re:What you don't know you don't know (Score 1) 134

I'm not so sure that those who have studied in those fields are much better. These notions sound no worse than some of the ideas being bandied about in places like the WEF. They sound like stoner friends sitting around in a bar, having beers and philosophizing about how they are going to fix the world, except these guys have the riches or/and the political clout to actually try and bring some of that about. Either way, it's people who think they know better, governing over people rather than for them.

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