Overpricing, for example, is quite simple. If you pick a price that is too high for your product, you will wind up with a large surplus of unsold goods.
Oh, then that seems like an error. It's strange to have it marked as "evil" since, even in the most shortsighted version, it's beneficial not to do that. Since the whole conversation was "evil is shortsighted", it seems either you misunderstood the point, or it was a meaningless aside by GGP.
Perhaps you are a socalist, with that completely misguided notion that the value of a good is equal to the value of materials plus labor costs.
Not only is this a strange ad hominem, and not only is that a belief only present in some strands of socialism, but someone who believed that would understand what was meant by "overpricing is evil". Which I clearly did not and based on your explanation still do not do.
Using your monopoly status to force people to pay more than they can afford
So, yes, my assumption we were talking about extracting monopoly profits. You're right that if elasticity is so low (ala crack to an addict) you can literally force them to commit crimes to buy your product. Note, this is the first suggestion of that in this conversation and seems to come out of left field. Please read and respond to my critique.
, slavery was abolished not because one crop of politicians was morally superior to all previous crops, but because technology made it possible and the goodness in human nature overpowered the evil.
Umm... I highly recommend you look up the American Civil War. Your description is simply not accurate.
n the modern environment, where slavery and racism are both illegal and will remain so, racial prejudice will only harm profit. Those who build non-racist-AI will make more money than those who do not, and natural selection will run its course.
I'll grant slavery is illegal (in most, but not all, countries), but racism certainly is not. Certain overt racist acts within commerce are. And, those who are racist are certainly excited about AI, because AI has been show to develop racist tendencies underlying their training materials. And I don't mean "it scanned Mein Kampf" or was allowed to interact with Twitter. I mean, examining trends in foreclosures that had a racial component, detecting predictors of race as predictors of foreclosures (accurately, but evilly), and providing a feedback loop making the loans black people get more expensive which will lead to more foreclosures.
. I also wonder if I am just throwing my pearls before swine, anyway. A certain level of critical thinking is required before one can meaningfully participate in conversations like this.
That's your third or fourth ad hominum. For someone angrily defending the limited idea of "slavery is wrong", "unreasonable prices lead to buyer and seller missing out on a mutually beneficial transaction" and "Yes I meant what you thought I meant with my made up terms" but refusing to respond to my post, the "pearls before swine" comment is ironic.