BASF does have a point here

They might have said they felt that disclosing this information was not helpful to the company. They could have used the hackneyed argument that it would prejudice their ability to make profits (although economically that contravenes all market theory on transparency and so is obviously untrue unless they had referred to monopoly profits). But they did not do these things. They said the user would not understand the data supplied.

Given that Ritchie, the “inventor” of the concept doesn’t understand the data thrown up it would seem likely that random others wouldn’t.

6 thoughts on “BASF does have a point here”

  1. If Richie wants transparency so badly he can start by fully disclosing his entire administation, including running affairs, to any busybody, foreign or domestic, who wants to have a look at it.

    After all… practice what you preach..

  2. ‘BASF shot itself in the foot at this hearing. I think everyone knew it.’

    Translation – ‘BASF rightly wondered who on Earth this English fat bastard was and why on Earth he had the temerity to be pushing, aggressively, an agenda he could not articulate properly, or defend without recourse to insults or bluster’

  3. His German experience has upset him. When something doesn’t go his way you get a lot of blogs posts on that subject as he thinks up new words.

  4. Noel

    Would that the authorities here had the same disdain for his ‘expertise’ that the Germans have shown!

  5. “economically that contravenes all market theory on transparency and so is obviously untrue unless they had referred to monopoly profits”: does Spud believe that all profit is either exclusively from a perfect free market or exclusively from a monopoly? Goodness me. How old is he?

  6. I am self-employed; I am arguably unique (but then every human being is unique so I am as unarguably unique as you) so I have a monopoly on my personal set of specialist skills.

    So I am making monopoly profits. Wonderful! I crush you poor striving workers under my hob-nailed boots. So why is it that my pension is more than twice my earnings including those monopoly profits?

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