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So would you say the situation is worse than elsewhere? Especially considering we are not US citizens and thus free game under the US constitution.

• rglullis 10y ago
  All that I can say is that if we actually had free markets, one's citizenship wouldn't matter at all. For better or for worse, it would be up to individuals to inform ourselves and seek privacy, security and financial profits as we see fit.
  • kaybe 10y ago
    And we'd be up individually against huge conglomerates full of lawyers and psychologists trying to trick us. Without some sort of organization with comparable power on the consumer's side, this is not a very bright proposition. edit: (Bright not as in 'intelligent', but as in 'bright future'.)
    • rglullis 10y ago
      > huge conglomerates full of lawyers(...) I think it is easy to challenge this notion that Corporatism is something that comes to existence due to the absence of regulation bodies and government intervention. If you have solid institutions and a simple code of laws that allows well-intentioned people to work for their self-interest and of their society, we wouldn't have the amount of regulatory capture that we see nowadays. > some sort of organization with comparable power on the consumer's side. When Adam Smith was talking about "the invisible hand", it is precisely this kind of organization that is being talked about. All the people need, as a whole, to have "comparable power" is the freedom to choose and access to information.