Archive for the ‘confidentiality’ Tag

Open-Book Accounting

Since financial accounts are nowadays, almost without exception, kept in electronic form, and since every electronic resource is, with the all-pervasive nature of the internet, connected in one way or another, it should now be possible to make the accounts of every government department,  every public corporation and every non-profit open so that interested parties such as taxpayers and shareholders can see exactly how their money is being used.

That’s the aspiration.

There are, of course, obstacles to realising the aspiration: the culture of commercial confidentiality, corporate firewalls both cultural and technical, vested interests in the form of pigopolists who’d rather not let us see their snouts in the trough, and perfectly legitimate expectations of privacy on behalf of the individuals who transact with governments and corporations.

But, if the aspiration is worth pursuing, the obstacles can be overcome.