Bankrupt Quote by Andrew S. Tanenbaum
“A refund for defective software might be nice, except it would bankrupt the entire software industry in the first year.”
About This Quote
A universal refund for buggy software would cripple the industry financially.
In simple terms: Refunds for bad software would ruin the market.
Key Takeaway
Avoid blanket refunds; improve quality instead.
Themes
economics
software
risk
consumer protection
Mood
cautious
analytical
Type
policy
economic
When to use this quote
- software development
- consumer complaints
- pricing strategies
- legal policy
Key Concepts
incentive alignment
market failure
product liability
Questions to Reflect On
- How can companies balance consumer rights with financial viability?
- What alternatives exist to protect users without bankrupting firms?
A Different Perspective
Refunds could discourage investment and innovation.
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
