Transformation of Business Practices with Advanced Monitoring Technology

Advanced monitoring technology has transformed the nature of traditional business practices, allowing for constant and widespread surveillance of competitors' prices. This scale of monitoring and instantaneous price adjustments is fundamentally different from the manual price adjustments in traditional retail. However, the current laws do not account for this scale distinction, and the speaker believes that if the situation calls for a change, the solution is to create new laws. The speaker does not believe that the New York Times has a case in this situation and thinks it is fundamentally transformative.