Re:Anatomy of a credit card rewards program
by thfuran on Monday April 08, 2024 @12:22PM
(#39971270)
I think massively restricting advertising is probably also the only way (well, pretending it's remotely politically feasible) to move away from the horrid pile of perverse incentives and their consequences that is the modern technology landscape.
To veer a little off-topic, this is why my biggest economic policy dream would be banning or severely restricting ads and marketing.
The fees you describe are a few percent points. The average B2C company spends 10-15% of their budget on what is, for the most part, a zero-sum game with their competitors. Even ignoring all the aesthetics and societal benefits, imagine the boon to overall productivity.
obviously gradually, and over many years, to make the transition manageable. e.g. increase taxation on marketing expenses by a few % a year so it is less and less financially viable.