The harbor masters were data producers with a business model that excluded many potential users because the transaction costs were too high to be worthwhile.
Even with RIM's recent efforts, there are too many BlackBerrys around whose operating systems and processors are too old and slow to make it worthwhile to spend scarce team time on them, says Mr. Stein.
Scottish Green MSP Patrick Harvie said the bill was a "worthwhile starting point" but warned there were still too many loopholes and too much vague language.
It is probably worthwhile making a few observations about the modern hedge fund and private equity fund industries before going into too much more detail about how these funds are structured and operated.
This, in effect, is the argument that Hayek made against Keynes in the late 1920s and 1930s: he said the Fed caused the crash, by keeping interest rates too low and encouraging a lot of "malinvestment" - investment in projects or assets which were not economically worthwhile.