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Analysis posted Dec 23 2011, 5:25 PM Category: Economy Source: InformationLiberation Print

The Market Giveth & The Market Taketh Away

Chris | InformationLiberation

GoDaddy after blustering about how they will not drop support for SOPA just caved in after only a few hours. It's a rather remarkable event for a massive corporation to lobby for and advocate for a bill to only then completely reverse themselves within a 24-hour time span. This is a perfect example of the swift justice doled out through the market economy, there is no waiting for committees, passing around petitions, voting every four years, there is just the demands of consumers and corporations focused on the bottom line. This is market regulation, and it works in an instant. Congress on the other hand is on vacation and is still seeking to pass the bill as soon as they get back in session.




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