dcollins near top is right (Score 1)

'Libertarian leaning' doesn't quite describe Cato. Catonians are true believers, ideologues and as such should be taken no more seriously than your mechanic discussing the intricacies of brain surgery. Cato is also an almost-paid mouthpiece for big business. And, as dcollins points out, they were very in the wrong about Wall Street and the financial markets. One of the examples of self-regulation that Tim Lee sites is AOL going under. AOL and those like it, only went under because no one else was using their model. AOL, Compuserve, and Prodigy for example, provided a closed model to their customers, which collapsed once their customers discovered they could go anywhere with the Web browser. If the on-line service provider model became institutionalized, everyone would adopt it and we'd be back to a closed off network in which we'd all pay a premium to leave your providers network.