China has the USA's cajones in a vice right now. The US is stomping on about pirated copies of Caddyshack and Windows being sold throughout China, but what EXACTLY can the US do? Nadda.
And China knows it. China will say whatever they want to the WTO, because they now own it. They know that if the USA holds true to the original bargain, and enforces tariffs on the goods imported from China because China is not upholding their end, the cost of goods will skyrocket and the American economy will be worse off than it already is. No one is going to do that. China is holding ALL the cards, and this decision is just another charade in this dance.
As long as this IP battle goes on, the USA gets hurt. Thanks a lot, entertainment industry. And I thought the story behind Pluto Nash was bad...
Loss != Cost
I don't know that the original msg meant to say cost instead of loss, but that would indeed make a bit more sense. A bricked zune costs you the replacement amount + the value of your new paperweight.
Either way, I don't know that this is evident of a failure to grasp basic econ. It sounds more like a mis-worded attempt to wrap Marginalism into the thread.
Slashdot Mirror
China has the USA's cajones in a vice right now. The US is stomping on about pirated copies of Caddyshack and Windows being sold throughout China, but what EXACTLY can the US do? Nadda. And China knows it. China will say whatever they want to the WTO, because they now own it. They know that if the USA holds true to the original bargain, and enforces tariffs on the goods imported from China because China is not upholding their end, the cost of goods will skyrocket and the American economy will be worse off than it already is. No one is going to do that. China is holding ALL the cards, and this decision is just another charade in this dance. As long as this IP battle goes on, the USA gets hurt. Thanks a lot, entertainment industry. And I thought the story behind Pluto Nash was bad...
Loss != Cost
I don't know that the original msg meant to say cost instead of loss, but that would indeed make a bit more sense. A bricked zune costs you the replacement amount + the value of your new paperweight.
Either way, I don't know that this is evident of a failure to grasp basic econ. It sounds more like a mis-worded attempt to wrap Marginalism into the thread.