Tamar,
> The Internet is like a market because there is no control over
> membership or use. These are guided by hte invisible hand. But
> markets must have a structure, such as standardization. The Internet
> also must have a structure. The structure requires some
> governance--central authority to establish the rules of the game.
> The important decision is where to draw the line, and avoid
> standards that are not necessary for the creation of successful
> markets. Same issue is true of ICANN
>
How does this structure work if it has universal no-fee membership,
then? Doesnt ICANN become just another market?
----------
Btw, The Economist for 3 April includes the 'Big Mac Index' which
seeks to make
exchange-rate theory more digestible. It is arguably the
world's most accurate financial indicator to be based on a
fast-food item.
As a side-order, this selection of articles includes the
Coca-cola map of the world, which examines the
economic and political significance of cola consumption
around the globe.
http://www.economist.com/1Ikx4jkW/editorial/freeforall/focus/focus_
big_mac_index_frameset.html
kerry
