Comments on: The Regulatory Cathedral and the Bazaar

By: Media are not your friends « syncwpmu

Media are not your friends « syncwpmu — Sun, 07 Mar 2010 07:26:28 +0000

[...] at the well known Techdirt. Here’s his exploration of our current sad media: Tim Lee recently highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of [...]

By: Media are not your friends « Thought Shop

Media are not your friends « Thought Shop — Sat, 06 Mar 2010 21:03:18 +0000

By: Sweet_Home_Improvement

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By: Sweet_Home_Improvement

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By: Sweet_Home_Improvement

Sweet_Home_Improvement — Sat, 22 Aug 2009 07:55:37 +0000

By: Sweet_Home_Improvement

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By: Sweet_Home_Improvement

Sweet_Home_Improvement — Sat, 22 Aug 2009 06:55:37 +0000

By: Sweet_Home_Improvement

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By: John Batelle’s “The Search” - Ch. 10-12, Eric Raymond’s “The Cathedral and the Bazaar,” and Tim O’Reilly’s “What is Web 2.0″ « Whatgnau’s Blog

Wed, 06 May 2009 16:29:26 +0000

[...] It’s interesting to note that parallels and analogies to Raymond’s analysis of the cathedral and the bazaar have been drawn by members of and commentators on various industries, from tech to healthcare to pharmaceuticals to the newspaper industry. [...]

By: Sajid Mehmood » News Without Newspapers

Sajid Mehmood » News Without Newspapers — Sat, 04 Apr 2009 01:39:37 +0000

[...] that the transition will really just be “short-term pain,” and we’ll quickly see real social benefits from the rise of digital media. But let’s not get overconfident that we’ll be able to [...]

By: Nowinki » Journalistic Regulatory Capture

Nowinki » Journalistic Regulatory Capture — Fri, 03 Apr 2009 02:28:33 +0000

[...] Regulatory Capture Napisano April 2, 2009 Tim Lee recently highlighted an interesting, but worth exploring, aside made by Will Wilkinson, talking about the concept of [...]

By: eee_eff

eee_eff — Mon, 23 Mar 2009 02:31:38 +0000

http://enigmafoundry.wordpress.com/2009/03/22/t...

By: eee_eff

eee_eff — Mon, 23 Mar 2009 02:08:57 +0000

This is a fantastic insight, and indeed, it’s precisely the insight that we libertarians apply to the regulatory state. That is, just as a decentralized media and a skeptical public is better than the cathedral style of news gathering, so too are decentralized certification schemes and a skeptical public better than a single, cathedral-style regulatory agency “guaranteeing” that businesses are serving consumers well.

The is revisionism.

The reality is: for the better part of 65 years, the Glass-Steagall Act protected the banking system from the collapse we now see. The act was abandoned, and the unregulated baking systemically failed because of massive instability.

Furthermore, it is wrong to see that regulatory efforts are all Cathedral-like. They are not. Many are more bazaar like--arising after a specific failure, and becoming legislation only after a full and public debate.

My one experience is with building codes, seeing how any specific failure such as the Lakeview Elementary School Fire (see: http://www.deadohio.com/collinwood.htm) and the Triangle Shirtwaist Factory Fire (see: http://en.wikipedia.org/wiki/Triangle_Shirtwais...) each lead--incrementally to specific changes in building codes.

This is why I have such an issue with libertarianism--by denying the validity of the regulatory process you condemn countless millions to unnecessary suffering.

There exists no libertarian answer as to how public safety could be provided, through a "decentralized certification scheme" equivalent to what is provided by modern building codes.

Of course, doubtless you can point to an example that proves that building codes are not presently perfect. That, however, does not detract from their demonstrated utility, any more than pointing out that many people die in Emergency Rooms would be an argument for their closure.

Banking and Finance admittedly are not my area of expertise, but even Clinton noted recently that he regretted loosening the Glass-Steagall restrictions, and now there are millions who will experience what deregulation has brought them: destitution and hopelessness.

By: Seth Finkelstein

Seth Finkelstein — Fri, 20 Mar 2009 04:43:35 +0000

"decentralized certification schemes and a skeptical public better..."

(sarcasm)
Which is exactly why the government should not be in the business of determining "fraud", because that makes people lazy and weak. It puts The State into determining truth. Lies will be taken care of by the Free Market, by "decentralized certification schemes and a skeptical public" so there is no need for The Men With Guns to be involved ...
(/sarcasm)

No?