The End of the Rip-Off Economy

Posted2 months agoActive2 months ago

wiseowise

8 points

5 comments

economist.comOtherstory

calmpositive

Debate

20/100

Consumer ProtectionEconomic ReformMarket Regulation

Key topics

Consumer Protection

Economic Reform

Market Regulation

The article discusses the potential end of 'rip-off economy' practices, sparking discussion on the impact of regulatory changes on consumer welfare and business practices.

Snapshot generated from the HN discussion

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0-2h

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01Story posted
Oct 27, 2025 at 2:54 PM EDT
2 months ago
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02First comment
Oct 27, 2025 at 4:11 PM EDT
1h after posting
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03Peak activity
2 comments in 0-2h
Hottest window of the conversation
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04Latest activity
Oct 28, 2025 at 1:41 PM EDT
2 months ago
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Discussion (5 comments)

Showing 5 comments

bediger4000

2 months ago

1 reply

If LLMs made a huge difference, I would expect that we would have already seen reductions in traffic jams, significant drops in trip times etc from Google and Apple Maps. Use is close to universal, and anecdotally, Maps will take you via routes you'd never discover on your own.

That is to say, I'll believe this when I see it

sigwinch

2 months ago

Take the list of wine uploaded to a chatbot. Hasn’t the seller already run his supplier’s list through the same chatbot as you? Shouldn’t the efficiency be most noticeable in jobs that have 75 different tasks; none of which is important-enough to hire a service for?

y0eswddl

2 months ago

Looking at the graph, it seems like it actually shows that the number of rip-offs were in great decline until they started to rise again around 2022 since each of those marks after 2010 are 5 years each.

alwahi

2 months ago

calls it the end of the rip-off economy - the solution is the single biggest ripoff in the economic history of humanity

metadat

2 months ago

https://archive.today/tj5Xq

View full discussion on Hacker News

ID: 45724878Type: storyLast synced: 11/17/2025, 8:05:53 AM

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