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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (24916)	5/19/1999 12:13:00 AM
From: E	Read Replies (1) \| Respond to of 71178

There are auctions and auctions. There are auctions where everybody plays by the rules, and there are auctions where one party or another doesn't play by the rules. In a way, the corrupt auctions are parasitic on the clean and fair auctions. And when the parasitic auction becomes so frequent that it casts doubt on what kind of transaction people understand themselves to be engaging in, the auction game will decline in utility, and some replacement will arise in which transparency can be guaranteed. I can think of a libertarian defense of cheating, but the socially useful institutions damaged by cheating will founder, and will be missed; and with luck, will be replaced, to be corrupted again. Plus ca change.