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KurtNYC

(14,549 posts)

21. Broader than that -- the fundamental currency of business is trust.

Reply to Katashi_itto (Original post)

Thu Sep 12, 2013, 02:54 PM

Sep 2013

If buyer and seller do not have some level of mutual trust then they will not trade. Warranties, testimonials, refunds, brand reputation all create trust. Casinos and Wall Street need the trust of their customers as much as any other business.

A general sense that 'the game is rigged' doesn't help anyone.

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Highlight:

Tech analyst: NSA 'will kill the U.S. technology industry singlehandedly' [View all] Katashi_itto Sep 2013 OP

K&R n/t 1awake Sep 2013 #1

Who will verify these reforms? The tech industry which has been in bed with the NSA? jsr Sep 2013 #2

It has appears that most of the tech industry has been under the gun of the government to cooperate. avaistheone1 Sep 2013 #8

Some elements of the NSA would love that. Dash87 Sep 2013 #3

This is the just the first inklings of the blowback thats to come... Katashi_itto Sep 2013 #4

I eagerly hope so. n/t L0oniX Sep 2013 #9

There's a wee problem with this analysis jeff47 Sep 2013 #5

Although your right, thats not the issue here. Katashi_itto Sep 2013 #6

And when they discover their "new" country does the same? jeff47 Sep 2013 #7

It will become like NAFTA, companies perpetually looking for data havens. Either way it won't come Katashi_itto Sep 2013 #11

The entire point is there are no data havens. jeff47 Sep 2013 #12

Yep there are no Data Havens but that won't stop the flight from US companies. Katashi_itto Sep 2013 #13

I keep thinking about the Keynesian aspect of all this. nebenaube Sep 2013 #26

Agree, the economic ripples will become a tsunami Katashi_itto Sep 2013 #32

This could be quite a battle for power. Both giants have enormous power and influence. liberal_at_heart Sep 2013 #10

Kicked and recommended. Uncle Joe Sep 2013 #14

Thank you! Katashi_itto Sep 2013 #18

Sheeeeat. One thing I know, the minute privacy becomes profitable it will flourish 1-Old-Man Sep 2013 #15

Exactly! Thats what will drive the flight from US companies to anywhere that Katashi_itto Sep 2013 #16

Well said. 1-Old-Man Sep 2013 #19

Thanks Katashi_itto Sep 2013 #20

K & R !!! WillyT Sep 2013 #17

Broader than that -- the fundamental currency of business is trust. KurtNYC Sep 2013 #21

Rumor: U.S. Energy companies moving data from here to Eleanors38 Sep 2013 #22

Not really a rumor: Gov Spying Boosts Swiss Data Center Revenues Katashi_itto Sep 2013 #23

Those were the figures I heard. Thanx for the source. Eleanors38 Sep 2013 #34

Oh no problem, I didnt find anything about Energy, but I would say it's quite reasonable Katashi_itto Sep 2013 #35

K&R If only someone could've predicted this, years ago. Egalitarian Thug Sep 2013 #24

Hehe Katashi_itto Sep 2013 #25

Key point. I'm surprised there hasn't been more of an outcry BelgianMadCow Sep 2013 #27

Good lord the eventual blowback is going to devestating. Katashi_itto Sep 2013 #28

Open source software is pretty good and stable nadinbrzezinski Sep 2013 #30

Here's some excellent Open Source software that I use: BelgianMadCow Sep 2013 #33

Yup, some of us wrote about that early in the scandal nadinbrzezinski Sep 2013 #29

The NSA probably works with foreign tech companies for back doors too. gulliver Sep 2013 #31