Balance of Power Shift
I know we were supposed to get away from discussing blogs but I saw the most interesting article from the Financial Times, "Blogs are shifting the balance of power". The article went on to discuss how bloggers discovered a defect in Kryptonite locks used in bicycles. A viral video was sent throughout the blogosphere on how to pick the lock with a ballpoint pen.
The company couldn't react fast enough and had to end up giving everyone new locks and settling various lawsuits, all of this ended up costing $10m!!! This story showed how the power balance shifted to the favor of the consumer against corporate America.
It also brought up legal and ethical concerns of how much information should become public and is it moral to show people things such as how to steal a bike and for other bloggers to defend thier personal and private space.
The article went on to pose the question of how can society stay connected but be responsbile in doing so and not abusing the power of the internet.
The company couldn't react fast enough and had to end up giving everyone new locks and settling various lawsuits, all of this ended up costing $10m!!! This story showed how the power balance shifted to the favor of the consumer against corporate America.
It also brought up legal and ethical concerns of how much information should become public and is it moral to show people things such as how to steal a bike and for other bloggers to defend thier personal and private space.
The article went on to pose the question of how can society stay connected but be responsbile in doing so and not abusing the power of the internet.
