No, it's recognized that they need to break up monopolies abusing their powers to prevent competition from being established or surviving. Monopolies that exist because no other competitors are willing or able, absent market manipulation by the company with the monopoly, to enter the market are okay.
These are rare, however, they exist.
This is exactly what they are doing though.
The case was not about bell canada's own end customers being throttled, it was about canadian "CLECS" who leased lines fro them being throttled in order to prevent them offering better service to their customers than bell.
Bell is messing with their service against their will, and not providing the service they sold to them.
so you will take to the streets violently because of getting caught stealing music, but won't even raise a finger to solve the problems with health care or the economy?
nice priorities kid.
Interesting to see so many slashdotters advocating violence against corporations.
what use is having health and money if you dont have the freedom to participate in your own culture?
I have a chronic disease and am uninsured, but I still place copyright issues over health because without culture you don't "live", you merely exist.
Organizations have no self-interest, but the people running them do, and those interests aren't always the same as the organizations' stock holders, employees, or customers. The fact that Greenspan couldn't figure this out even after the Enron debacle indicates that he was grossly blinded by ideology. Of course, the fact that our legal system supports the fiction that corporations are people helps perpetuate such nonsense.
This 'oversight' is pretty much par for the course in libertarian thought, and the "economics" they use to underpin it.
they forget basic pitfalls in economics any high school teacher worth his salt will pound home again and again: -principal agent problem -moral hazard -fallacy of composition
aissez Faire economics work, we just have to give them a chance to try to work
We gave it a chance to work, from the founding of our nation to the mid 19th century.
-Half the products on the market were fraudulent, including medicines, many of which turned out to be deadly poisons, and the majority of which had no medicinal value what soever.
-There was third-world class stratification. The ultra-rich and people living in tar-paper shacks. Any time labor got uppity, the dispute was resolved at the muzzle of a gun.
-The "free market" condensed into 5 or 6 trusts which controlled everything bought, sold, produced, imported, exported, or shipped in the united states.
There populace was pushed to the point of desperation, and civil unrest was frequent.
Finally the government stepped in, creating institutions like the FDA, providing labor laws, etc.
If you want an example of laissez faire capitalism at work, take a look at third world nations which are either very high on the worldwide corruption list, or in a state of political instability nearing anarchy. My, what a great life those people lead.
It was so vindicating for me as a stiglitz economist to watch greenspan stand before congress and admit this, even if the events which precipitated it mean I have to seek a new career path.
The public is just as responsible for this "non-interventionist" bullcrap the reaganites were pushing as the reaganites themselves. After all, they kept electing them!
No shit, Sherlock. But how does that prove that there's "No such thing as 'too big to fail'", exactly?
Oh wait... it doesn't.
It proves the public deserves to be utterly screwed by the failure of these companies. They should not be helped, not one dollar, not a loan, nothing.
Then again, I still buy music whereas some people seem to not do that at all anymore
Please let me know when they make music which is not either a freeze-dried, diluted version of 1995 "alternative" or hannah montana.
Oh, did I mention how they killed the crap out of techno and drove the good stuff so far underground I have an easier time finding leaked bush administration documents?
He signed the non-compete. *HE* gave away his freedom. Not the State.
The State is just going to hold him to HIS word.
non-competes represent collusion within various industries in a conspiracy to remove employees' civil liberties and subject them to increased risk of improper compensation.
"industry standard" = collusion, plain and simple.
I'm sorry, you still haven't demonstrated why student loan debt is systemic risk.
How about you apply some intellectually honest reasoning rather than insisting I spell out every little step?
student debts are also securitized.
student debts, like every other loan, contribute to the money multiplier which keeps our economy humming.
massive student debt defaults will: a - make loan companies more averse to making them.. b - make the public leery of paying for an education which won't return their investment
this will result in colleges facing financial crisis as their student bodies evaporate.
This would likely also exacerbate the cascading effect occuring now as companies ship jobs overseas claiming "shortages" to depress the wages. The dearth in new college graduates will add credibility to their claims and result in acceleration of this trend, locking out the possibility of recovery and ruining the US post-secondary education system.
i'm familiar with systematic risk. I still think you reap what you sow .
The public is just as responsible for this "non-interventionist" bullcrap the reaganites were pushing as the reaganites themselves. After all, they kept electing them!
If the government would stop with the easy loans that people don't pay back then less people could afford fancy universities. Universities would have to lower their tuition to attract enough students.
uhuh..
We had that from the beginning of the US to the early 20th century. We also had a permanent upper-class with a massive barrier preventing any of the "great unwashed" from rising to that point called "you must have a degree". The tuition costs were not as high as they are now, but people made so much less because of lack of government intervention (fair labor laws, etc. etc.) that it was even harder for the average joe to afford college.
There is no such thing as "walking away" from student debt in a bankruptcy. They can move in and take everything, including "the homestead". This means student debts are just as important as the mortgage.
so: first, credit cards; second, car loans; third, mortgage; fourth, student debts.
You won't get 80K in subsidized loans. Fedeeral student loans are terribly limited, and usually factored in by the time you get your school's aid package.
Construction jobs are service based, and are not "manufacturing".
Unless of course you don't consider it a service for that man to come in and stop your toilet flushes from squirting out of the wall in your mail room.
You can't work as an electrician (actually they're called "indoor wiremen") or a lineman without an apprenticeship, and you can't get an apprenticeship without knowing someone in the business already.
false.
My friend graduated with a CS-related degree, and, as is par for the course these days, couldn't get arrested, so he canvassed around and found an electrician to hire him as an apprentice.
What a wonderful message to send to all our recent high school grads.
This is not going to help any of us.
explain to me what isn't logical about this when most of the jobs requiring a degree are being decried by companies as "too expensive" and being shipped overseas?
College used to be more or less a certain way to increase your wages. Now its as much of a gamble as the blackjack table, and your chance of losing that gamble rise every day.
Unless colleges want to cut their prices 75% and teach mandarin to the point of fluency, the rewards of your education will continue to drift out of reach.
Many people failing to pay their student loans is as much of a systemic risk as AIG failing.
Really? I suppose you have the numbers to back your assertion that student loan debt comprises a large fraction of the debt holdings of various financial institutions?
40% of people 23-30 are college graduates.
3% of families make the money to pay for college out of pocket.
we have lost over a million middle class jobs in the past month alone.
Capitalism fails when companies don't face destruction at the hands of their managers' incompetence.
If congress can't take the popular impact of such massive companies collapsing, then they need to pass legislation limiting the assets of specific companies, compelling divisions into financially separate departments as they approach that cap.
I've been searching for a fixed rate consolidation loan (there were quite a few around when I didn't need them), and the credit crunch has destroyed most consolidation loans.
Even variable rate monsters are not easily found. I've found one major bank still offering private consolidation loans, and the terms make the mob look friendly.
I use an honest to goodness, bona-fide, actual newsreader program. It works well, and can search through posts in specific groups as quickly as itunes works with music.
(I use unison, a mac app, but I know there are considerably more options for windows)
for some reason this ended up "anonymous".. re-quoting.
Slashdot Mirror
No, it's recognized that they need to break up monopolies abusing their powers to prevent competition from being established or surviving. Monopolies that exist because no other competitors are willing or able, absent market manipulation by the company with the monopoly, to enter the market are okay.
These are rare, however, they exist.
This is exactly what they are doing though.
The case was not about bell canada's own end customers being throttled, it was about canadian "CLECS" who leased lines fro them being throttled in order to prevent them offering better service to their customers than bell.
Bell is messing with their service against their will, and not providing the service they sold to them.
so you will take to the streets violently because of getting caught stealing music, but won't even raise a finger to solve the problems with health care or the economy?
nice priorities kid.
Interesting to see so many slashdotters advocating violence against corporations.
what use is having health and money if you dont have the freedom to participate in your own culture?
I have a chronic disease and am uninsured, but I still place copyright issues over health because without culture you don't "live", you merely exist.
so why is there any objection to it?
"The Patriot Act will only be used to catch terrorists".
False dichotomy.
net neutrality merely codifies the current internet status quo as law.
the patriot act serves to deliberately change the constitutional status quo in favor of abusive governmental power.
one is the exact opposite of the other.
Organizations have no self-interest, but the people running them do, and those interests aren't always the same as the organizations' stock holders, employees, or customers. The fact that Greenspan couldn't figure this out even after the Enron debacle indicates that he was grossly blinded by ideology. Of course, the fact that our legal system supports the fiction that corporations are people helps perpetuate such nonsense.
This 'oversight' is pretty much par for the course in libertarian thought, and the "economics" they use to underpin it.
they forget basic pitfalls in economics any high school teacher worth his salt will pound home again and again:
-principal agent problem
-moral hazard
-fallacy of composition
aissez Faire economics work, we just have to give them a chance to try to work
We gave it a chance to work, from the founding of our nation to the mid 19th century.
-Half the products on the market were fraudulent, including medicines, many of which turned out to be deadly poisons, and the majority of which had no medicinal value what soever.
-There was third-world class stratification. The ultra-rich and people living in tar-paper shacks. Any time labor got uppity, the dispute was resolved at the muzzle of a gun.
-The "free market" condensed into 5 or 6 trusts which controlled everything bought, sold, produced, imported, exported, or shipped in the united states.
There populace was pushed to the point of desperation, and civil unrest was frequent.
Finally the government stepped in, creating institutions like the FDA, providing labor laws, etc.
If you want an example of laissez faire capitalism at work, take a look at third world nations which are either very high on the worldwide corruption list, or in a state of political instability nearing anarchy. My, what a great life those people lead.
It was so vindicating for me as a stiglitz economist to watch greenspan stand before congress and admit this, even if the events which precipitated it mean I have to seek a new career path.
The public is just as responsible for this "non-interventionist" bullcrap the reaganites were pushing as the reaganites themselves. After all, they kept electing them!
No shit, Sherlock. But how does that prove that there's "No such thing as 'too big to fail'", exactly?
Oh wait... it doesn't.
It proves the public deserves to be utterly screwed by the failure of these companies. They should not be helped, not one dollar, not a loan, nothing.
I was unimpressed with the new version of iTunes, too. Turning off links to the Music Store no longer works either, unless you use this hack.
This is false.
Go under parental in the optons
check "itunes store" under disable. No more links, no more store.
Needless to say though, I wont be buying an ipod for my next player.
Then again, I still buy music whereas some people seem to not do that at all anymore
Please let me know when they make music which is not either a freeze-dried, diluted version of 1995 "alternative" or hannah montana.
Oh, did I mention how they killed the crap out of techno and drove the good stuff so far underground I have an easier time finding leaked bush administration documents?
You mean this myth about protected media path consuming considerable CPU power even on unprotected streams?
a 2007 crack is irrevocable.
this is why we have things like anydvd HD, etc, and why they pushed out BD+, which was ALSO cracked.
For further reference on the ease of ripping BLU-RAY for naive users, see this link
Game over, and once again, the MPAA loses.
He signed the non-compete. *HE* gave away his freedom. Not the State.
The State is just going to hold him to HIS word.
non-competes represent collusion within various industries in a conspiracy to remove employees' civil liberties and subject them to increased risk of improper compensation.
"industry standard" = collusion, plain and simple.
I'm sorry, you still haven't demonstrated why student loan debt is systemic risk.
How about you apply some intellectually honest reasoning rather than insisting I spell out every little step?
student debts are also securitized.
student debts, like every other loan, contribute to the money multiplier which keeps our economy humming.
massive student debt defaults will: a - make loan companies more averse to making them.. b - make the public leery of paying for an education which won't return their investment
this will result in colleges facing financial crisis as their student bodies evaporate.
This would likely also exacerbate the cascading effect occuring now as companies ship jobs overseas claiming "shortages" to depress the wages. The dearth in new college graduates will add credibility to their claims and result in acceleration of this trend, locking out the possibility of recovery and ruining the US post-secondary education system.
i'm familiar with systematic risk. I still think you reap what you sow .
The public is just as responsible for this "non-interventionist" bullcrap the reaganites were pushing as the reaganites themselves. After all, they kept electing them!
I don't like the idea of a romantic entanglement being "required" for your solution.
If the government would stop with the easy loans that people don't pay back then less people could afford fancy universities. Universities would have to lower their tuition to attract enough students.
uhuh..
We had that from the beginning of the US to the early 20th century.
We also had a permanent upper-class with a massive barrier preventing any of the "great unwashed" from rising to that point called "you must have a degree".
The tuition costs were not as high as they are now, but people made so much less because of lack of government intervention (fair labor laws, etc. etc.) that it was even harder for the average joe to afford college.
actually, review your student loan laws.
There is no such thing as "walking away" from student debt in a bankruptcy. They can move in and take everything, including "the homestead". This means student debts are just as important as the mortgage.
so: first, credit cards; second, car loans; third, mortgage; fourth, student debts.
You won't get 80K in subsidized loans. Fedeeral student loans are terribly limited, and usually factored in by the time you get your school's aid package.
Construction jobs are service based, and are not "manufacturing".
Unless of course you don't consider it a service for that man to come in and stop your toilet flushes from squirting out of the wall in your mail room.
You can't work as an electrician (actually they're called "indoor wiremen") or a lineman without an apprenticeship, and you can't get an apprenticeship without knowing someone in the business already.
false.
My friend graduated with a CS-related degree, and, as is par for the course these days, couldn't get arrested, so he canvassed around and found an electrician to hire him as an apprentice.
Not to mention many of the best schools require full time status as a student.
I suppose 40 hr/wk work + 18 hrs/wk in class would leave you 5 or so hours aside from sleeping and eating per week to do homework and studies.
What a wonderful message to send to all our recent high school grads.
This is not going to help any of us.
explain to me what isn't logical about this when most of the jobs requiring a degree are being decried by companies as "too expensive" and being shipped overseas?
College used to be more or less a certain way to increase your wages. Now its as much of a gamble as the blackjack table, and your chance of losing that gamble rise every day.
Unless colleges want to cut their prices 75% and teach mandarin to the point of fluency, the rewards of your education will continue to drift out of reach.
Many people failing to pay their student loans is as much of a systemic risk as AIG failing.
Really? I suppose you have the numbers to back your assertion that student loan debt comprises a large fraction of the debt holdings of various financial institutions?
40% of people 23-30 are college graduates.
3% of families make the money to pay for college out of pocket.
we have lost over a million middle class jobs in the past month alone.
You cannot pay student debt on minimum wage.
There is no such thing as "too big to fail".
Capitalism fails when companies don't face destruction at the hands of their managers' incompetence.
If congress can't take the popular impact of such massive companies collapsing, then they need to pass legislation limiting the assets of specific companies, compelling divisions into financially separate departments as they approach that cap.
I've been searching for a fixed rate consolidation loan (there were quite a few around when I didn't need them), and the credit crunch has destroyed most consolidation loans.
Even variable rate monsters are not easily found. I've found one major bank still offering private consolidation loans, and the terms make the mob look friendly.
I use an honest to goodness, bona-fide, actual newsreader program. It works well, and can search through posts in specific groups as quickly as itunes works with music.
(I use unison, a mac app, but I know there are considerably more options for windows)
for some reason this ended up "anonymous".. re-quoting.