K More Year 2000 coverage in Y2K Watch. Maybe we can help. Send us your comments or question. The Y2K problem is a great example of the theory of liability of innovations that greatly advance technology but don't perfect it. We created the technology that has transformed the world, and the way we correct the Y2K glitch will confirm rather than undermine our success.
Someone has to be blamed and made to pay, and the deeper the pockets the better.
Or, maybe they sued Edison because his inventions entered the marketplace with flaws that were fixed as each new generation of technology emerged. Congress and the White House must implement a bipartisan solution that will help encourage voluntary resolution of Y2K disputes, curb lawsuits, require potential litigants to give potential defendants a modest grace period to try to fix problems, and limit punitive damages that are intended to prevent future abuses. It would also not prevent those who have suffered real hardship at the hands of an irresponsible entity from recovering their losses. But public policy must recognize that there is a public interest in precluding remedies that are more damaging to society than the original problem. The vast majority of semiconductors are incapable of generating, comparing or sorting date information.