At times like this is when the free market get's trampled on. Companies will "fight" the new trend towards free content online by trying to get legislation passed that protects their industry. I can already see it happening, because most companies go that route when they can't compete for whatever reason, and it's the consumers who suffer.
What a surprise, that government spending is rife with fraud. The federal government trying to rescue the economy by spending tons of taxpayer money is a joke. It won't work, not in the short term or the long term. If the economy recovers it will be "in spite of" the federal government's idiocy, not because of it.
As the article by George Reisman points out (http://mises.org/story/3353) our economic system is not functioning correctly because of loss of capital, which is accumulated "...on a foundation of saving."
"Saving does not mean not spending. It does not mean hoarding. It means not spending for purposes of consumption. Abstaining from spending for consumption makes possible equivalent spending for production. Whoever saves is in a position to that extent to buy capital goods and pay wages to workers, to lend funds for the purchase of expensive consumers' goods, or to lend funds to others who will use them for any of these purposes."
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And the big companies will try and get legislation
At times like this is when the free market get's trampled on. Companies will "fight" the new trend towards free content online by trying to get legislation passed that protects their industry. I can already see it happening, because most companies go that route when they can't compete for whatever reason, and it's the consumers who suffer.
Oh well, we'll see how this on goes I guess.
Wow
This is just BEYOND ridiculous.
Absolutely...beyond...ridiculous. I don't really know what else to say.
That's the way it goes...
This just seems to be the way corporations and their lawyers seem to crush innovation, as the article mentions, as well as stifles competition.
Until we have some kind of massive overhaul of our legal system so these kinds of lawsuits aren't so easily filed this will keep happening.
No kidding?
What a surprise, that government spending is rife with fraud. The federal government trying to rescue the economy by spending tons of taxpayer money is a joke. It won't work, not in the short term or the long term. If the economy recovers it will be "in spite of" the federal government's idiocy, not because of it.
As the article by George Reisman points out (http://mises.org/story/3353) our economic system is not functioning correctly because of loss of capital, which is accumulated "...on a foundation of saving."
"Saving does not mean not spending. It does not mean hoarding. It means not spending for purposes of consumption. Abstaining from spending for consumption makes possible equivalent spending for production. Whoever saves is in a position to that extent to buy capital goods and pay wages to workers, to lend funds for the purchase of expensive consumers' goods, or to lend funds to others who will use them for any of these purposes."