Linked by Thom Holwerda on Mon 5th Sep 2011 22:26 UTC
Privacy, Security, Encryption So, people from within Iran have hacked the Dutch company DigiNotar, allowing them to issue fake certificates so they could listen in on Iranian dissidents and other organisation within Iran. This is a very simplified version of the story, since it's all quite complicated and I honestly don't even understand all of it. In any case, DigiNotar detected the intrusion July 19, but didn't really do anything with it until it all blew up in their face this past week. Now, the Dutch government has taken over operational management of DigiNotar... But as a Dutch citizen, that doesn't really fill me with confidence, because, well - whenever the Dutch government does anything even remotely related to IT technology, they mess it up. And mess it up bad.
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Thom_Holwerda
Member since:
2005-06-29

I would offer food markets as a market that is pretty unregulated. The outcome might be that we got too many obese poeple, but probably better than people starving.


This is what you come up with? The food market is probably one of the most strictly regulated markets in existence today! Everything from ingredients, to packaging, to information provided about the products, to the production process, to the kind of gloves and protective gear workers have to wear, and much, much more than that, is strictly regulated by the law. I don't think there is any industry that is more strictly governed by laws and regulations than the food industry.

More and more I'm getting the idea that you read some fancy theoretical book cited in Economics 101 at university about the ideals of the free market, without really understanding what it means. If you cite the food market as an example of an unregulated free market... Holy cow.

Edited 2011-09-06 09:43 UTC

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