> As usual, a bunch of nonsense by people who have no idea about this
This attitude is startling similar to what I heard on Wall Street during the crisis. “Of course we bet against our counterparties! They’re counterparties, not clients. If they didn’t read the prospectus they’re morons who deserved to lose their money.”
When you’re providing the public with a good, arguing that non-experts can’t comment is an argument for regulation, if only to force a common language.
I'm not sure how you interpreted that, especially since I'm arguing for regulation.
It's not that others can't comment but that their ideas (in this linked article) are poor and betray the lack of experience of the advertising industry that underlies it all. Facebook is not a new threat and focusing on it as a special instance completely hides the other major actors in the world that are doing and allowing the same thing.
This attitude is startling similar to what I heard on Wall Street during the crisis. “Of course we bet against our counterparties! They’re counterparties, not clients. If they didn’t read the prospectus they’re morons who deserved to lose their money.”
When you’re providing the public with a good, arguing that non-experts can’t comment is an argument for regulation, if only to force a common language.