INFOWORLD GRIPE LINE BY ED FOSTER Bookmark this page

 
Replying To:
Adam Smith's Invisible Hand (none / 0) (#7)
by NegotiationPro on Tue Apr 12, 2005 at 01:47:34 PM PDT

While Adam Smith spoke of the invisible hand of the market, he never believd or said that the market would cure all ills.  He certainly believed government needed at times to step in and rein in the greed of some vendors.  

That would seem to apply  to vendors usign over-reaching EULAs.  The market is currently dominated by these hogs, and we need a federal law to limit them, as many pratices are limited, e.g. in credit reporting, truth in lending, pharmaceuticals, and many other examples (state law in the case of insurance contracst).  Sometimes buyers are outgunned and need a helping hand. That is what goivernment is, among other things, for.
Phil Marcus



Post Comment

You are not logged in. If you don't have a user account yet, by all means go make one! If you do have one, you can post as "yourself" by filling in your nickname and password below. Otherwise, your comment will be posted as Anonymous User.

Create Account
Nickname:
Password:

Post Comment: Post your comment below and then please answer the security question. I apologize for the inconvenience, but it does help deter spammers. -- Ed Foster

Subject:
Comment:

To post your comment, please answer the following security question:
Which of the following is a color?
Malamute, Green, Minnesota, Florida, Alaska, Oregon


Allowed HTML: <A [HREF] [NAME]> <DT> <TT></TT> <OL></OL> <CITE></CITE> <CODE></CODE> <I></I> <UL></UL> <BR> <STRONG></STRONG> <BLOCKQUOTE [TYPE]></BLOCKQUOTE> <DD> <EM></EM> <P> <B></B> <LI> <DL></DL>
Menu
· create account
· faq
· search

Login
Make a new account
Username:
Password:

 HOME  NEWS  COLUMNS  BLOGS  PODCASTS  TECHNOLOGIES  TEST CENTER  EVENTS  CAREERS  IT EXEC-CONNECT   About Awards Contact Us 

Copyright © 2006, Reprints, Permissions, Licensing, IDG Network, Privacy Policy.
All Rights reserved. InfoWorld is a leading publisher of technology information and product reviews on topics including viruses,
phishing, worms, firewalls, security, servers, storage, networking, wireless, databases, and web services.

ComputerWorld :: LinuxWorld :: Network World :: CIO :: PC World :: Darwin :: CMO :: CSO
IT Careers :: JavaWorld :: Macworld :: Mac Central :: Playlist :: GamePro :: GameStar :: Gamerhelp
ITWorld Canada :: Computerwoche :: Techworld UK :: tecChannel :: IDG.se :: IDG.no :: IDG.pl

create account | faq | search