Comments on: Protecting Wireless Consumers: Google over Government http://blog.heritage.org/2009/12/16/protecting-wireless-consumers-google-over-government/ Tue, 14 Feb 2012 15:34:55 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Emily3264, Rainier, http://blog.heritage.org/2009/12/16/protecting-wireless-consumers-google-over-government/#comment-75721 Emily3264, Rainier, Thu, 17 Dec 2009 13:55:34 +0000 http://www.foundry.org/?p=21961#comment-75721 If the government would just get out of the micromanagement business and focus on proper regulation we'd all be in better shape. They should be reviewing the contracts that are sent out by businesses to consumers - especially financial businesses that take advantage of many people's lack of understanding of their own finances. Total cost, interest rates, and service fees should be clearly specified in the main body of a contract or website offering "special" intro offers. They shouldn't be allowed to bury the true costs in the fine print. This just happened to me with New York Life Insurance. They leave out key service fee information and bury it in a secondary document. I'm currently working with my State Insurance Commissioner on requiring ethical disclosure. If the government would just get out of the micromanagement business and focus on proper regulation we'd all be in better shape. They should be reviewing the contracts that are sent out by businesses to consumers – especially financial businesses that take advantage of many people's lack of understanding of their own finances. Total cost, interest rates, and service fees should be clearly specified in the main body of a contract or website offering "special" intro offers. They shouldn't be allowed to bury the true costs in the fine print.

This just happened to me with New York Life Insurance. They leave out key service fee information and bury it in a secondary document. I'm currently working with my State Insurance Commissioner on requiring ethical disclosure.

]]> By: A Non-Government Solution. What!? | The LALA Blog http://blog.heritage.org/2009/12/16/protecting-wireless-consumers-google-over-government/#comment-75593 A Non-Government Solution. What!? | The LALA Blog Thu, 17 Dec 2009 00:09:00 +0000 http://www.foundry.org/?p=21961#comment-75593 [...] Non-Government Solution. What!? 1I just read an article over on The Foundry regarding the ongoing concerns some consumer advocacy groups have with wireless phone contracts and [...] [...] Non-Government Solution. What!? 1I just read an article over on The Foundry regarding the ongoing concerns some consumer advocacy groups have with wireless phone contracts and [...]

]]> By: Roger S., Ma. http://blog.heritage.org/2009/12/16/protecting-wireless-consumers-google-over-government/#comment-75584 Roger S., Ma. Wed, 16 Dec 2009 19:47:34 +0000 http://www.foundry.org/?p=21961#comment-75584 Being what they are, markets always seek the most economical solutions to providing the goods desired by its participants. That at any given time this may not satisfy perfectly some number of individual wishes is no reason for government interference -- which is likely to cause other individual wishes to go unsatisfied as the market adjusts to the government, while increasing overall costs to all participants. It's time for government to stop trying to get its mitts on every flourishing business it can. Just because somebody merely doesn't like what some market is providing is no justification for getting the force of government involved. -- If you don't like something, buy elsewhere, or make your own. A better understanding of the difficulties and expenses involved can be all but guaranteed! Being what they are, markets always seek the most economical solutions to providing the goods desired by its participants. That at any given time this may not satisfy perfectly some number of individual wishes is no reason for government interference — which is likely to cause other individual wishes to go unsatisfied as the market adjusts to the government, while increasing overall costs to all participants.

It's time for government to stop trying to get its mitts on every flourishing business it can. Just because somebody merely doesn't like what some market is providing is no justification for getting the force of government involved. — If you don't like something, buy elsewhere, or make your own. A better understanding of the difficulties and expenses involved can be all but guaranteed!

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