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> "This is the role of government in this case - to protect the little guy from being taken advantage of by the big guy." That narrative is nonsense. The gover
by javert 13y ago
> "This is the role of government in this case - to protect the little guy from being taken advantage of by the big guy."
That narrative is nonsense. The government mainly protects the big guys and takes advantage of the little guys. That's what the banking bailout was. That's what a lot of Wall Street is today.
When nobody can use force on anybody else to get their way, we are all players in a market. Our society has gotten very, very far away from that ideal.
> But what you can't argue about is that the knowledge of the tiers must be made public.
You are just making an assertion without any principle to back it up.
I think people who produce knowledge should be free to sell it in whatever way they want, per whatever agreement they come up with with their customers.
In this case it's more complicated, as the people producing knowledge (University of Michigan) are doing it via government handouts. In such a sitauation, there is no "right" or "wrong" except for the government to stop bossing people around.
- mbreese 13y agoI'm not saying Reuters can't sell their information however they want. (Well, I'm not entirely sure about this). But what I am saying is that they need to make customers aware that they may get access to the data after other customers. It should be public when others get access, but I'm not willing (yet) to say that open access should be mandated. Depending on how the original contracts were written, it may be an FTC issue if everyone thought they were getting the information as soon as possible only to find out now that others were getting it earlier.