- Mogens Skjold
Graphic and User Interface Designer,
The talk seems to be a proponent of regulation of the market, rather than a proponent of the market itself.
From my perspective, what Mr. Harmon is describing is actually a spectacular example of market forces not working. As in, well, the market did not actually work :) Only when regulating the conditions of the market did the problem start to become resolved. Perhaps I am biased, but rather than a positive story, this ended up being a horror story about how bad legalese and arcane market laws can ruin a system.
Of course, you could turn this bias around and also see it as an example of the market being corrected by capable people, but to be honest, given the incredible time span, I tend to not do that.