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unmediated

 

August 15, 2005

"Yes, there’s a clear transfer payment in favour of people who are unwilling to pay the current market-clearing price of a broadband connection. This is a net loss of utility to society, since the taxpayers whose money was confiscated had other, more pleasant, ways of spending this money in mind.

But there are also reasons to consider the free flow of information via telecom networks as a special and unique case. Information goods may not always conform to classical economic models, such as rivalrous consumption."

Originally posted by yatta from del.icio.us/tag/unmediated, remediated by yatta on Aug 15, 2005 at 12:51 PM