October 1, 2008

Openness is the Solution to the (Double) Subprime Crisis

As I listen to all this talk of lack of trust in the banking system, of inflated values ungrounded in any reality, of ââ¬Åopacityââ¬Â, and of ââ¬Åcontaminatedââ¬Â financial instruments, I realise I have heard all this before. In the world of software, as in the world of finance, there is contamination by overvalued, ungrounded offerings that have led to systemic mistrust, sapped the ability of the computer industry to create real value, and led it to squander vast amounts of time and money on the pursuit of the illusory, insubstantial wealth that is known as ââ¬Åintellectual propertyââ¬Â.

Link: linuxjournal.com


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