Pop quiz for the oil-is-running-out worryworts

Lessig admits a mistake

Full credit to Larry Lessig for gracefully admitting he was wrong.

As the evidence of Microsoft's practices became clear, I remember well thinking, "Of course the government needs to do something." And I remember very well the universal impatience with the notion that the market would solve the problem. How could it, when any other company was likely to behave just as Microsoft did?

We pro-regulators were making an assumption that history has shown to be completely false . . .

But let's hope that next time he'll more quickly acknowledge the power of the market.