The Theory of the corporation

[Declan McCullagh]

On Thu, Apr 12, 2001 at 07:25:33PM -0400, brainteaser wrote:
> Thats one thing I don't get about what (many) people post on this list.
> There is a lot of shit about the government did this and federal agents
> are doing that, but very little about what corporations do. Partly this
> is probably because of some sort of a "the market must be right"
> mentality, even though as I see it we are a long way from any sort of   

This is naive. Nobody here of any substance has argued "the market is
always right" or anything of the sort. Anyone remember the Edsel? The
dot com crash? It is, however, more likely to produce desirable
effects than state-provided goods and services are.

The reason cypherpunkish types are more concerned about government
abuses than perceived corporate abuses is that one can switch grocery
stores if you don't like their privacy policy, but you don't have that
choice when dealing with the U.S. government.

-Declan