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Woolworths, Coles sued by ACCC for ‘misleading’ price drop claims (www.smh.com.au)

submitted 1 month ago by [email protected] to c/[email protected]

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“We also allege that in many cases both Woolworths and Coles had already planned to later place the products on a “prices dropped” or “down down” promotion before the price spike, and implemented the temporary price spike for the purpose of establishing a higher “was” price.

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[–] [email protected] 3 points 1 month ago

It is critical that Australian consumers are able to rely on the accuracy of pricing and discount claims.

It's almost like we as a society shouldn't trust corporations to be honest, and should instead expect constant greed and ratfuckery, and opt for implementing continuous, real-time, transparent, and open data capture to mitigate these problems.

We already do this with energy regulators. Why don't we do it for all big businesses? They can't claim this to be expensive, because they already price everything digitally; it'd just be about enabling the regulator to view and capture it.