Down with France, part two
The French are now making ebay pay for the sale of fakes on the site. The ruling (in a French court and protecting French companies, which means in all likelihood the case was a total sham), states that eBay was negligent in not policing its massive number of auctions in order to discern which items were fake. What really hurts is that they also stated that the sale on eBay of certain items means that eBay is violating distribution agreements -- in other words claiming that eBay is not a market but a seller of goods, and limiting the ability of individuals to buy and sell items which they legitimately own.
eBay, much as I hate it at times, is one of the purest markets out there, and in many ways has revolutionized modern sense of ownership rights and value, at least as our lives get cluttered with more small and expensive items, and costly luxury goods. There is similar case in the US, with a ruling expected in the near future. Let us hope that markets come out a little better off in this nation.
http://www.ft.com/cms/s/0/9d49342e-469b-11dd-876a-0000779fd2ac.html
eBay, much as I hate it at times, is one of the purest markets out there, and in many ways has revolutionized modern sense of ownership rights and value, at least as our lives get cluttered with more small and expensive items, and costly luxury goods. There is similar case in the US, with a ruling expected in the near future. Let us hope that markets come out a little better off in this nation.
http://www.ft.com/cms/s/0/9d49342e-469b-11dd-876a-0000779fd2ac.html
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