BBC story on the Facebook policy dispute is interesting from a policy perspective. First the chronology:
Facebook publishes a change in terms regarding Facebook’s “ownership” of individual data published on the site
Individuals protest via social network tools
Organizations, mainly nonprofit groups focused on privacy issues, raise the stakes, threaten action via judicial and regulatory (FTC) venues
Facebook withdraws [...]
A letter to the editor in the AJC (which does not support permalinks — so this link will die) raises some issues about a law in Georgia requiring a “comprehensive character education program” (see O.C.G.A. § 20-2-145).
(a) The State Board of Education shall develop by the start of the 1997-1998 school year a comprehensive character education [...]
Just some thoughts that need expanding:
The collapse of the financial systems provides demonstrations of how the assymetry of information can undermine the foundation of a sound, efficient market system. Evidence of adverse selection (principal lacks sufficient information to select the best agent) and moral hazard (principal lacks information necessary to understand whether the agent is [...]
