Monday, April 30, 2012

"Liberal" corporations are no better at free markets than "conservative" corporations

This is a test.  Do you see the free market flaw in the following email from the New York Times?
Dear NYTimes.com Reader,

Because you are a valued reader of the world’s finest news site, we want to offer you the chance to try unlimited access to all of the award-winning news, opinions, videos and interactive features at this special rate of just $5 for your first 12 weeks.*

*New York Times digital subscriptions are sold separately from e-reader editions, Premium Crosswords and The New York Times Crosswords apps. Mobile apps are not supported on all devices. You will be billed $5 for the first 12 weeks upfront which is non-refundable. After the first twelve weeks, all subscriptions will automatically renew and your credit card or PayPal account will be charged in advance of each four-week billing period unless canceled. If the subscription is canceled, refunds and termination of access will follow the Terms of Sale policy. Prices are in U.S. dollars and are subject to change. Other restrictions and taxes may apply.
Did you see the free-market flaw in this email?

Where in this email did the New York Times tell you what your subscription would cost after "your first 12 weeks"?  That is, the New York Times is not providing full information.  You have to go elsewhere to find out what the regular four-week subscription costs.

Sorry, NYT.  I'll just put up with reading a few articles a month.  If you return to the $50/year subscription that you had before you went to free subscriptions, I will most likely subscribe again.