Tag Archives: public failure

An admonition to those who created/sold financial derivatives

Actually, this admonition applies to all who say they can deliver a future full of wealth:

See, I am against those who prophesy lying dreams, says the Lord, and who tell them, and who lead my people astray by their lies and their recklessness, when I did not send them or appoint them;  so they do not profit this people at all, says the Lord.

Jer. 23:32

Advertisements

Leave a comment

Filed under Uncategorized

Internet Privacy – FTC worried self regulation not working

Lots of tangents from the story on new FTC study on industry policing and advertising their privacy policies:

  • FTC has two votes for regulation or legislation (doubts cast upon self regulation as a tool – public failure)
  • Study thinks companies make the information regarding their privacy policies too difficulty for the average person to find/comprehend (market failure = information assymetry)

Points of interest here:

  • Center for Digital Democracy
  • Future of Privacy Forum

Interesting difference in headlines:

Note to self:  Start an inventory of policy tools in each category of cyber policy

Leave a comment

Filed under cybersecurity, policy tools

Unintended Consequences of COPPA

Parry Aftab notes that when COPPA first became effective, a lot of children’s websites simply went away — assumingly because the owners could not manage or understand the COPPA requirements. And, for those that remain:

While the sites want to do the right thing, they are often adopting “do it yourself” methods that violate the law or put kids at risk unintentionally. Best practice standards for the kids Internet industry are new and require professional guidance.

How do you measure the cost of compliance?  Should those costs be transparent when policies are created?

Leave a comment

Filed under cybersecurity

The word is “Data”

Stephen Baker of Newsweek, starts this week’s essay with the following line:

About three minutes into his speech on Jan. 20, President Barack Obama spoke a word never before uttered in a Presidential inauguration speech: “data.”.

The Obama campaign managed data like no other campaign before.  One would expect, and hope, that data, and the interpretation thereof, will have a prominent place in policy debates.

Which brings me to my point –  data is essential to building an information stream.  Without data, you have no information from which to make valid choices.  No data – no information — and you have either market failure, public failure or both.

How many bills do you think become law – federal, state and local, without data.  How many bills become law without sufficient data?  And how many bills become law without necessary data?

—-

Chasing the link to The Numerati (Baker’s book), led me to ThinkingAnalytically – where I found a mindmap of the book.  Remember to check out mindmeister for more info.

Leave a comment

Filed under Policy, public failure

The word for this decade “information”

Yeah, plastic is definitely, definitely out.  Information is in.  Got any?  Want some?

Just as plastic raises concerns regarding negative environmental consequences, information raises, metaphorically speaking, similar environmental concerns as individuals and corporations stress over who controls access to information.

Health Care Information Technologies (HCIT) is an area that offers seemingly “low hanging fruit” in terms of immediate individual and societal benefits.  Namely, more reliable information exchange between care providers will significantly reduce errors, thus lowering cost while increasing the quality of care.  Yet, despite bipartisan support for the outcomes of adopting electronic healthcare information systems, the pace of adoption is extremely slow.

Today, a NYT article highlights the difficulties President Obama will face as he pursues the deployment of HCIT.  Here is  one part of a very tough challenge:

“Health I.T. without privacy is an excellent way for companies to establish a gold mine of information that can be used to increase profits, promote expensive drugs, cherry-pick patients who are cheaper to insure and market directly to consumers,” said Dr. Deborah C. Peel, coordinator of the Coalition for Patient Privacy, which includes the American Civil Liberties Union among its members.

And, here is another:

In a letter to Congressional leaders, Karen M. Ignagni, president of America’s Health Insurance Plans, a trade group for insurers, expressed “serious concern about privacy provisions being considered for inclusion in the economic stimulus bill.”

She criticized, in particular, a proposal that would require health care providers to obtain the consent of patients before disclosing personal health information for treatment, payment or “health care operations.”

Which leaves us with this pithy summation:

Such a requirement, she said, could cripple efforts to manage chronic diseases like diabetes, which often require coordination of care among many specialists.

“Health information technology will succeed only if privacy is protected,” said Frank C. Torres, director of consumer affairs at Microsoft. “For the president-elect to achieve his vision, he has to protect privacy.”

As an area of policy, one could ascribe the lack of progress to market failure, public failure, or both.  Multiple public values can be identified within this discussion.  Privacy, quality of life, and economic concerns are just a few of the values inherent to this debate.

The core topic of this debate, as portrayed by the article, is the quality of privacy.  How good is it?  Who controls it?  More importantly, who defines what “privacy” is?

So, who wins the debate?  Whose definition of  “public value” carries the day?  In sum, whose values does policy represent?

Leave a comment

Filed under Health, public values

Failure – Market, Public, and Ethics

Friedman thinks we hit the trifecta of failures with regards to the financial crisis.

This financial meltdown involved a broad national breakdown in personal responsibility, government regulation and financial ethics.

No time to do it now – -but need to find the Michael Lewis piece he mentions.

Leave a comment

Filed under Market Failure, public failure