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Re: [Gnu-arch-users] OT: Slavery???
From: |
Peter Conrad |
Subject: |
Re: [Gnu-arch-users] OT: Slavery??? |
Date: |
Mon, 24 Nov 2003 12:02:50 +0100 |
User-agent: |
Mutt/1.4i |
Hi,
On Mon, Nov 24, 2003 at 04:39:19AM -0600, Charles Duffy wrote:
> On Mon, 2003-11-24 at 03:45, Peter Conrad wrote:
> > This is wrong: most contracts work very well without enforcement, and
> > most would even work without the possibility of enforcement. That's
> > because a contract usually is a win-win situation for the involved
> > parties (if it wasn't, why should the losing party agree to the
> > contract?) [1].
>
> Ahh, but would they work if there were also no *threat* of enforcement?
>
> It may be to my advantage to purchase a car on a payment plan for
> $200/month -- but it would be far more to my advantage to drive off and
> pocket the $200.
this boils down to risk management. If the car dealer runs a high risk of
losing the car he will not offer you such a contract. OTOH, if very few
people "drive off" he'll be able to make a profit, so he might take the
risk.
That's what credit card companies do: they accept a certain amount of fraud,
because if they don't the only remaining option is to shut down their
businesses.
Bye,
Peter
--
Peter Conrad Tel: +49 6102 / 80 99 072
[ t]ivano Software GmbH Fax: +49 6102 / 80 99 071
Bahnhofstr. 18 http://www.tivano.de/
63263 Neu-Isenburg
Germany
- Re: [Gnu-arch-users] OT: Slavery???, (continued)
- Re: [Gnu-arch-users] OT: Slavery???, Momchil Velikov, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Peter Conrad, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Charles Duffy, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Peter Conrad, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Samium Gromoff, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Samium Gromoff, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Peter Conrad, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Charles Duffy, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Charles Duffy, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Charles Duffy, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???,
Peter Conrad <=
- Re: [Gnu-arch-users] OT: Slavery???, Charles Duffy, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Tupshin Harper, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Peter Conrad, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Samium Gromoff, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Stephen J. Turnbull, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Samium Gromoff, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Samium Gromoff, 2003/11/24
- Re: [Gnu-arch-users] OT: Slavery???, Stephen J. Turnbull, 2003/11/24