Tuesday, 14 May 2013

The historically inevitable triumph of midata

Many of us find the Department for Business Innovation and Skills's initiative, midata, perplexing. With the passing of the Enterprise and Regulatory Reform Act 2013, midata now has the statutory powers needed. But why?

An explanation is available.

It nestles in one of the comments on Craig Belsham's first post on his new midata blog.

The midwife to our understanding is one William, who opens his comment (May 8, 2013 at 9:47 am) with a dazzling and surely incontrovertible exposition of the economic benefits of midata and then adds:
It’s a rational thing for businesses to accept and make a virtue of going along with the inevitable. But inertia tales a lot of overcoming, and it’s understandable to see the element of regulation in Midata ...
Thank goodness, you may say, that there are all-powerful, benevolent scholars out there who understand economics and who will help us to overcome our miserable inertia.

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