Showing posts with label fostel. Show all posts
Showing posts with label fostel. Show all posts

Australian Laws Lag Behind Technological Change

Culture changes steadily with technological development. Some values have their own inertia which means that they stay around for much longer. Legal adaptation to a new environment is very slow. We are living with laws suited to a pre-internet era.

The Uber app took the world by storm. It spread through many countries and clashed with legal restrictions which were made for the benefit of taxi drivers and the public. Unfortunately, people do not like rapid change to the legal system. It upsets the way they live.

Like the Chinese, Australians embrace new technology, much to the frustration of government. Whether it is legal or not we adopt new things. They "get in" because their is some legal framework that benefits some participants in the market place. New systems get under the barrier, so to speak.

Australians seems to lead the world on illegal movie downloads. This is because the market is distorted. We pay over the odds for the latest films due to overpricing by American companies: they obviously do not understand that they lose money in the long run.

Some market distortions are being dismantled by Companies who have had the market to themselves for years. The pay TV business Foxtel has halved its small packages largely due to the appearance of Netflix Australia. Unfortunately, Teltra partly owns Foxtel and sells the premium Foxtel service with their broadband bundles. The Foxtel subscription remains the same but with two free movies a month given now. Some companies will never learn! This is why consumers move to new products, legal or not.
Science by Ty Buchanan
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