The free market works

[ThisHo]

Nate:

Interesting read. Thanks for the link.

The debate betwen you and Cyrus is interesting as well. I do want to point out 1 thing that I disagree with in your market regulation proposal:

[ QUOTE ]
But you might worry that we would become corrupt and certify anyone, except for that little problem we call "market share". My company must provide accurate seals of approval otherwise YOUR company will take my customers.

[/ QUOTE ]
I don't think this would be true. As someone whose company utilizes 3rd party auditors, if I thought that I could find an "easier" auditor that would raise fewer issues without, in my opinion, putting my customers at risk I would change in a second. Also, we get competitive bids on our auditors and we go with the lowest cost bidder, which often means least amount spent on training and such.

I think that "market share" for the audit company would be more driven by "x% of our customers pass and receive our seal of approval" where x is approaching 100.

Just my thoughts on this small part of the discussion.

ThisHo

[natedogg]

[ QUOTE ]
Nate:

Interesting read. Thanks for the link.

The debate betwen you and Cyrus is interesting as well. I do want to point out 1 thing that I disagree with in your market regulation proposal:

[ QUOTE ]
But you might worry that we would become corrupt and certify anyone, except for that little problem we call "market share". My company must provide accurate seals of approval otherwise YOUR company will take my customers.

[/ QUOTE ]
I don't think this would be true. As someone whose company utilizes 3rd party auditors, if I thought that I could find an "easier" auditor that would raise fewer issues without, in my opinion, putting my customers at risk I would change in a second. Also, we get competitive bids on our auditors and we go with the lowest cost bidder, which often means least amount spent on training and such.

I think that "market share" for the audit company would be more driven by "x% of our customers pass and receive our seal of approval" where x is approaching 100.

Just my thoughts on this small part of the discussion.

ThisHo

[/ QUOTE ]

Intereesting, but think about it this way. The low-price certifier you went with DOES provide an acceptable level of quality for your customers. Otherwise you wouldn't use them no matter how cheap they are.

Hell, I'll certify all your employees for half the fee you're paying now, and I guarantee all 100% of them will pass. Sound like a deal? I'm not counting on you to take it however, because I have no credibility in certifying whatever it is your employees do.

The same principle would apply to the restaurant quality certification scenario I outlined above.

natedogg