Capitalism

Search Wars

This entry was posted in Capitalism Economics Information Internet Libertarianism Marketing on by

Buried deep in this NYT article is this:

And Google has embarked on an ambitious secret effort known as Project Ocean, according to a person involved with the operation. With the cooperation of Stanford University, the company now plans to digitize the entire collection of the vast Stanford Library published before 1923, which is no longer limited by copyright restrictions. The project could add millions of digitized books that would be available exclusively via Google.

This is really good stuff but, since copyright protection has lapsed on these books, I wonder why they would be available exclusievely via Google.
Will Wilkenson is ‘jacked’ about this and also notes that:

This is, by the way, what Microsoft is really good for. It puts the fear of Jesus in the Googles of the world, and makes ’em hustle to make us happy. So what I’m really hoping for is that Microsoft comes close in the search war, and succeeds in creating a superfast integrated search in Windows that allows me to search my own measly 30gb hard drive at something close to the speed that Google manages to search the whole goddam internet, but falls short in the end because of all the glorious innovations the Google geniuses lay at our feet in order to keep us from straying.

Things should be pretty exciting in this space over the next several years.
Via Tyler Cowan at Marginal Revolution.

FCC headed in Wrong Direction

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Atrios states:

Some day our country is going to have to take a long hard look at itself and wonder why it tolerates massive amounts of violence on TV, but a single Boob is capable of driving us collectively insane.

And Jaquandor asks the same quesion this way:

why are we so incredibly tolerant of things in our popular culture like bullets shredding bodies, limbs being severed, and massive explosions killing hundreds — and yet so incredibly scandalized by a wide-angled shot, lasting for mere seconds, of a female breast whose nipple isn’t even exposed?

The FCC, to the extent it should do anything at all, would do well to ‘take a long hard look’ at this issue.

Let’s Balance the Budget

This entry was posted in bush Capitalism Democracy Democrats Economics Federal Government Republicans on by

Dwight Meredith takes a shot at balancing the budget for w and the punch line is:

Okay, we have cut all of the fat. Waste, fraud and abuse have been eliminated. Perhaps we nicked a little muscle along the way. The problem is that we have cut only $385 billion out of a deficit of $521 billion.
The other problem is that the only discretionary spending left in the budget is for Defense and Homeland Security.
I am not kidding. We have eliminated all federal government discretionary functions except Defense and Homeland Security and the budget remains more than $130 billion in the hole.

Of course, w has no interest in balancing the budget and could hit his target of reducing the deficit by 50% by making some of the cuts Dwight enumerates but there does not appear to be any such proposal in this years budget.
The federal budget situation is a mess and there is no meaningful excuse that the current administration and its republocrat accomplices in congress can offer up to cleanse themselves.

Some Folks Should be Downsized

This entry was posted in Capitalism Constitution Democracy Domestic Terrorism Drug Laws Economics Law Enforcement Libertarianism on by

Kevin Drum notes that:

every state except Nevada and Nebraska is seeing a shift from high paying industries, which are losing jobs, to low paying industries, which are gaining them.

If you haven’t noticed this phenomena open your eyes.
Now, I am deeply concerned about this trend and feel badly for the people who are living this transition (and working my but off to make sure (delay?) it does not happen to me.
On the other hand there are some folks that have jobs that should not exist and I apologize in advance for wishing ill on these people. Prosecuting attorneys, federal agents, police officers and anyone else involved in supporting this kind of stuff need to be sent immediately to jobs in low paying industries. Positions as Wal-mart clerks may be too good.
The latter link is via Talkleft.

Buying Congress

This entry was posted in Capitalism Economics Libertarianism Politics Republicans US Politics on by

Henry at Crooked Timber offers congratulations to Congressman Billy Tauzin a republican from Louisiana:

CT extends its hearty congratulations to Congressman Billy Tauzin (R-La), who�s demonstrating his sincere attachment to free market virtues by retiring from politics and selling himself to the highest bidder.

Well, yea, Henry is being a bit tongue in cheek. Tauzin’s retirement plans (R) do have a peculiar (though common in Washington) stench.
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Henry also notes that:

Needless to say, Tauzin has been assiduous in his efforts to protect the interests of big pharma and the content industry over the last couple of years; it�s hard to believe that his grossly inflated salary is unconnected to services previously rendered.

If this assessment is true, and I agree with it, it appears to directly conflict any idea of “…attachment to free market virtues…” Rather more likely is that Tauzin has dedicated himself to both protecting the interests of his suitors not the citizens he his supposed to serve andstealing money from taxing you and I and finding ways to put the proceeds, unearned, into the pockets of others. This has nothing to do with free market virtues.
There is an interesting discussion in the comment thread regarding the causes of this long standing environment of subtle and not so subtle corruption that permeates the relationship between government at all levels and the clients the goverment protects regulates.
Update (Jan 25): Also see Marx, Incentives and Liberalism at Catallarchy.