This article is focused on how AI is beginning to rapidly reduce the information advantages which was allowing companies to overcharge consumers. AI gives people price comparisons, diagnostic help, and is able to weaken the normal imbalance between customer and consumer. This article reveals that AI is going to help people with identifying quality, make better/more informed choices, avoid hidden issues. Markets are improving but industries such as home repairs, law, or real estate still have a large information gap that costs consumers millions to billions of dollars every year.
AI is already prevalent and working in some apps used to compare prices, report issues, etc. But the article also highlights that business will implement AI which creates a competitive environment for both sides. The "Rip Off Economy" is not gone but is definitely declining as of late.
https://www.economist.com/finance-and-economics/2025/10/27/the-end-of-the-rip-off-economy
This is a great point I've never thought of. AI feels like a major turning point for consumer protection. When people can diagnose issues or compare quotes instantly, it forces companies to be more honest. The competition created by businesses adopting AI themselves could make markets even more efficient over time.
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