Re:The Market for Lemons
by aortenzi on Sunday January 13, 2019 @12:29PM
(#18897600)
I think that the presence of effectively meaningless warranties is ripe for exposure.
Unlimited replacements for a $40 screen protector? Just send us $20 to ship you the free replacement.
Business relies on government for enforcement of contract and commercial law, but simultaneously creates intentionally confusing terms and fights against the authority of government to enforce the other side (for the consumer).
In addition to the information asymmetry, there's an overall power asymmetry -- both need to be addressed.
Unlimited replacements for a $40 screen protector? Just send us $20 to ship you the free replacement.
Business relies on government for enforcement of contract and commercial law, but simultaneously creates intentionally confusing terms and fights against the authority of government to enforce the other side (for the consumer).
In addition to the information asymmetry, there's an overall power asymmetry -- both need to be addressed.