Monday, December 4, 2006

Tyranny of the Minority

Bookmark and Share

Grand slam for free market capitalism. Whenever one group of people finds an arbitrage opportunity to make a lot of money, another group of people will inevitably claim that the gains are ill-gotten or achieved through malintent. How many times has the “protection of minority rights” covered up the inefficient distribution of capital/power/freedom. Thank god we have people like Equity Private to come bat against the big boys of journalism. Just goes to show how phenomenal user generated content and other “web 2.0” ideas can check the tyranny of the minority, so to speak.

No comments:

Post a Comment