International -- Readers Report
THE HUBBUB OVER VIRTUAL COMMUNITIES (int'l edition)
Your report credibly predicts the next step in the evolution of the Internet: the building of communities. I agree that community building will have a big impact on the way consumers and merchants conduct electronic commerce. Indeed, the industry knows that the prosperity of electronic commerce will be realized only when the fears of consumers about privacy and security are alleviated.
Supporting this goal are organizations such as e.TRUST, a nonprofit program that alerts consumers to how their personal information will be used. Boston Consulting Group surveyed consumers and found they do not feel safe about giving out personal information online. Interestingly, when we asked businesses what their main concerns were regarding electronic commerce, they emphatically pointed to low customer confidence.
Community building is a great first step, but we must continue these efforts by supporting initiatives that look out for both consumer and business needs.
Tandem Computers Inc.
Cupertino, Calif.Return to top
UNCLE SAM'S TAX BITE IS COMPARATIVELY MODEST (int'l edition)
Paul Craig Roberts' "A Groundswell is building: Toss the tax system" (Economic Viewpoint, May 5) was quite interesting. However, Mr. Roberts failed to point out some facts that a college student could recognize. For instance, he argued that global capitalism appeared to be rising from the ashes of European, Asian, and Latin American systems. But Mr. Roberts left out the fact that the income-tax rate applied in the U.S. has always been lower than those of some European countries. And even Japan's rate was higher than ours during the peak of their economic growth.
Westminster, Calif.Return to top