I should also add that with the existence of the FDIC and the NCUA, the risk of collateral damage to depositors is actually pretty low, which only weakens the case of the banks being "too big to fail"
In fact this is exactly the OPPOSITE of the free market.
The emergency loans were uncapitalistic government interference that denied market forces the chance to punish these boys with failure like they deserved.
Especially since those same banks wouldn't have hesitated to foreclose on their own debtors.
The library still has to purchase the book, and the money to pay for that book has to come from somewhere.
If it's a public library it will probably be out of a budget funded by taxes.
If it's a private library it will probably be from membership fees.
A library doesn't reduce the value of the book. What it does instead is allow cooperative purchasing to reduce the individual share of its cost.
And the value of the book is still quite relevant. If one of the borrowers damages it they have to pay to have it fixed. If the book cannot be repaired, or if it's been lost, the borrower responsible pays full price to replace it plus administrative costs to cover the time spent by the librarian handling the paperwork.
Slashdot Mirror
here's an idea.
Make it opt-in if the author is known, opt out if the author is unknown.
Why do we need government in the first place?
Answer that, and you'll have the answer to everything else that is wrong.
The problem with american capitalism is that government influence is a commodity.
The USPS exists by monopoly to preserve service to poor areas.
We decided that mail service was such an important part of our national infrastructure that we mandated it even in the poor areas.
The monopoly was a QPQ that allowed the USPS to serve unprofitable areas with the support of income from high profit areas.
Otherwise a commercial mail service would hog the high spots to itself and leave rural areas out in the cold.
Nature gets the patent.
Then BP needs to go after ARCO.
It's like humans think they OWN the world.
So you're saying extinction in nature is like bankruptcy in the market?
I like the analogy.
Your challenge assumes that the liability you are questioning would be actionable even if it was there.
I'd say that corporate might would protect it from being sued regardless.
Bailing them out only makes it more likely that it will actually happen, too.
If they don't have a reason to fear failure.
I dunno about you but I'd much rather not get into the reproductive habits of birds thank you.
Doe v. Ashcroft overturned the NSL provisions already.
Who says the two possibilities are mutually exclusive?
I should also add that with the existence of the FDIC and the NCUA, the risk of collateral damage to depositors is actually pretty low, which only weakens the case of the banks being "too big to fail"
In fact this is exactly the OPPOSITE of the free market.
The emergency loans were uncapitalistic government interference that denied market forces the chance to punish these boys with failure like they deserved.
Especially since those same banks wouldn't have hesitated to foreclose on their own debtors.
It is oddly specific, which is why I'm curious who exactly pays that much.
Required by who?
The government or the market?
Especially individuals in a skill group renowned for being socially inept.
Congressional pay comes out of the US Treasury, so the US itself would have standing to sue as the "party" whose pockets the money would come out of.
Presumably the suit would be filed by the DOJ.
Republicans are rather maroon aren't they?
Which company currently sets their IT wages at $27.63?
Because that magic number is awfully specific.
Just make up bullshit laws that put them in jail, then force them to work.
True enough, but I do question its effectiveness as an evangelizing tool.
Which just begs the question on if scientology is actually a bona fide religion to begin with.
I'm not saying publishers need to go.
What I am saying, however, is that publishers need to stop being gatekeepers between authors and readers.
The library still has to purchase the book, and the money to pay for that book has to come from somewhere.
If it's a public library it will probably be out of a budget funded by taxes.
If it's a private library it will probably be from membership fees.
A library doesn't reduce the value of the book. What it does instead is allow cooperative purchasing to reduce the individual share of its cost.
And the value of the book is still quite relevant. If one of the borrowers damages it they have to pay to have it fixed. If the book cannot be repaired, or if it's been lost, the borrower responsible pays full price to replace it plus administrative costs to cover the time spent by the librarian handling the paperwork.