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Comment Re:Growth Mania (Score 1) 27

I believe that's the point-- that "there's plenty of wealth and resources on this planet for everyone." If you're not working to create more wealth through growth then you're being left behind. When you get complacent and fail to grow (i.e. innovate), your competitors will eventually cut into your market and you lose. See A&P, IBM, etc. Fortune 500 1955 (Hint-- many of those no longer exist).

Comment Re:Theoretically (Score 1) 171

I never claimed that the USA has a free market. It's been falling on economic freedom rankings for the past 15 years. Heck, Chile has more economic freedom than the US. My point was that regulations create barriers to entry by favoring established companies. These barriers to entry result in worse service for higher prices. You proved my point: the "lobbyists for the scumbag telecos" use the government to stop people from "pay[ing] for their area to have fiber and towers." That's pretty much the definition of crony capitalism. However, you seem to conflate crony capitalism with "unfettered capitalism" (which, by the definition of unfettered, much mean without government intervention). You can't have corruption if the market is "unfettered." When the government is not involved, how can you claim crony capitalism? I obviously support a free market, not the corporatism we currently have the United States. We agree there. Either way, I'll read the FEE article, but as that's a site I read daily, I'm pretty sure we're already on the same page.

Comment Re:give them green cards (Score 1) 268

That's a pretty interesting way to look at it. I have always viewed every discussion about H-1B on Slashdot with the assumption that the only reason people complained about them is because they're salty about the competition. However, it seems I misjudged the H-1B program specifically-- the truth is that I thought it was an alternative path for immigration (which, based on your comment, it seems not to be). Of course, real immigration improves life overall. The immigrant definitely wins, plus the employer (who has to pay less) wins and his customer wins. The few who lose their jobs will just have to go for the next best job they can find. Sometimes, it even forces people to go out and find work they're better fitted for. It's called specialization of labor.

Comment Re:Theoretically (Score 1, Insightful) 171

You see, the free market fixes that too. Not having cell phone service would be a possible minus for people deciding to move out into the middle of nowhere; they might instead decide, "I want to live in civilization. Maybe I should pay slightly more to get a home somewhere a little more urban." Regulating cell phone companies to serve places with low population density is like telling restaurants, "If you're going to have a location in the city, we're going to require you to also build a location in every rural area within 50 miles." What do you think would happen? Your choice of restaurants would become very limited. Some would say "oligopolistic." That's what has happened to cell service. The government has created artificial barriers to entry and everyone (except those who are in rural areas and companies that can afford to comply) loses.

Comment Regulations (Score 2, Insightful) 62

Companies such as Airbnb and Uber serve to show just how regulated most industries are. When they waltz into an existing industry with services just different enough to escape regulations, the suffocating nature of special interest-driven regulation becomes apparent. Entrenched taxi companies demand licensing restrictions. Hotels demand regulation and taxes. Unions demand classification of contractors as employees (and people realize they aren't so different from each other -- employees are just special contractors with government-mandated benefits). The New York decision is a classic example of special interests aiming to limit competition and creative destruction.

Comment Re:is 2020 lbs. a ton (Score 1) 56

Looks like they're talking about metric tons. This page says that it'll take a total of 1,999,200 grams of metal (9,996 g Gold; 1,232,840 g Silver; 736,372 g Copper; 16,660 g Zinc; 3,332 g Tin), which is about 2 metric tons. At market prices, that's 114,781,936 yen or $1,019,462. Guess they're saying it'll take four times that weight of actual phones to get that much metal ("The production process will reduce this eight tonnes down to around two").

Submission + - President Obama Signs Legislation Establishing Information Control Agency

stephenmac7 writes: President Obama has recently signed the National Defense Authorization Act for Fiscal Year 2017, which "authorizes FY2017 appropriations and sets forth policies regarding the military activities of the Department of Defense (DOD), military construction, and the national security programs of the Department of Energy (DOE)." Perhaps more notably, it establishes a new Department of State agency, the Global Engagement Center, that some claim may be the beginning of an Orwellian propaganda agency. Its task is to “understand, expose, and counter foreign state and non-state propaganda and disinformation aimed at undermining United States national security interests" and support “the development and dissemination of fact-based narratives and analysis to counter propaganda and disinformation directed at the United States and” its partners and allies. It is also authorized to gather information from intelligence agencies and financially support various groups, apparently of its own choosing, including “civil society groups, media content providers, nongovernmental organizations, federally funded research and development centers, private companies, or academic institutions.”

Comment Re:Not the first time they've done this (Score 1) 124

Whatever you want to call it, it's obviously taking someone else's rightfully owned property without their permission. They (or someone who gave it to them willingly) have produced something of value and earned that wealth. To take it is wrong-- lawful or not.

The great German sociologist Franz Oppenheimer pointed out that there are two mutually exclusive ways of acquiring wealth; one, the above way of production and exchange, he called the "economic means." The other way is simpler in that it does not require productivity; it is the way of seizure of another's goods or services by the use of force and violence. This is the method of one-sided confiscation, of theft of the property of others. This is the method which Oppenheimer termed "the political means" to wealth. It should be clear that the peaceful use of reason and energy in production is the "natural" path for man: the means for his survival and prosperity on this earth. It should be equally clear that the coercive, exploitative means is contrary to natural law; it is parasitic, for instead of adding to production, it subtracts from it. The "political means" siphons production off to a parasitic and destructive individual or group; and this siphoning not only subtracts from the number producing, but also lowers the producer's incentive to produce beyond his own subsistence. In the long run, the robber destroys his own subsistence by dwindling or eliminating the source of his own supply. But not only that; even in the short-run, the predator is acting contrary to his own true nature as a man.

Comment Re:Good News (Score 0) 355

Think hard about protectionism and you will find that the only way to go is true free trade (not that the TPP is about free trade; it's about subsidizing special interests). As the Mises Institute suggests, "all recent thousand-page international trade agreements should be replaced with a single, clearly worded paragraph that allows any U.S. business (or consumer) to trade with any other business (or consumer) anywhere else in the world on terms that are mutually satisfactory. Period." I believe you may find the following passage enlightening.

Petition of the Manufacturers of Candles, Waxlights, Lamps, Candlelights, Street Lamps, Snuffers, Extinguishers, and the Producers of Oil, Tallow, Resin, Alcohol, and, Generally, of Everything Connected with Lighting

To the Members of the Chamber of Deputies.

You are on the right road. You reject abstract theories, and have little consideration for cheapness and plenty. Your chief care is the interest of the producer. You desire to protect him from foreign competition and reserve the national market for national industry.

We are about to offer you an admirable opportunity of applying your — what shall we call it? — your theory? No; nothing is more deceptive than theory — your doctrine? your system? your principle? But you dislike doctrines, you abhor systems, and as for principles you deny that there are any in social economy. We shall say, then, your practice — your practice without theory and without principle.

We are suffering from the intolerable competition of a foreign rival, placed, it would seem, in a condition so far superior to ours for the production of light that he absolutely inundates our national market with it at a price fabulously reduced. The moment he shows himself, our trade leaves us — all consumers apply to him; and a branch of native industry, having countless ramifications, is all at once rendered completely stagnant. This rival, who is none other than the sun, wages war mercilessly against us, and we suspect that he has been raised up by perfidious Albion (good policy nowadays), inasmuch as he displays toward that haughty island a circumspection with which he dispenses in our case.

What we pray for is that it may please you to pass a law ordering the shutting up of all windows, skylights, dormer-windows, outside and inside shutters, curtains, blinds, bull's-eyes; in a word, of all openings, holes, chinks, clefts, and fissures, by or through which the light of the sun has been in use to enter houses, to the prejudice of the meritorious manufactures with which we flatter ourselves that we have accommodated our country — a country that, in gratitude, ought not to abandon us now to a strife so unequal.

We trust, gentlemen, that you will not regard this our request as a satire, or refuse it without at least first hearing the reasons which we have to urge in its support.

And, first, if you shut up as much as possible all access to natural light, and create a demand for artificial light, which of our French manufactures will not be encouraged by it?

If more tallow is consumed, then there must be more oxen and sheep; and, consequently, we shall behold the multiplication of meadows, meat, wool, hides, and above all, manure, which is the basis and foundation of all agricultural wealth.

If more oil is consumed, then we shall have an extended cultivation of the poppy, of the olive, and of rape. These rich and soil-exhausting plants will come at the right time to enable us to avail ourselves of the increased fertility that the rearing of additional cattle will impart to our lands.

Our heaths will be covered with resinous trees. Numerous swarms of bees will, on the mountains, gather perfumed treasures, now wasting their fragrance on the desert air, like the flowers from which they emanate. Thus, there is no branch of agriculture that shall not greatly develop.

The same remark applies to navigation. Thousands of vessels will proceed to the whale fishery; and in a short time, we shall possess a navy capable of maintaining the honor of France, and gratifying the patriotic aspirations of your petitioners, the undersigned candlemakers and others.

But what shall we say of the manufacture of articles de Paris? (Editor's Notes: Articles de Paris are objects specifically manufactured in Paris. They include fashion articles such as paste jewelry, purses, and household decorations) Henceforth, you will behold gildings, bronzes, crystals in candlesticks, in lamps, in lustres, in candelabra, shining forth in spacious showrooms, compared with which, those of the present day can be regarded but as mere shops.

No poor resinier from his heights on the seacoast, no coal miner from the depth of his sable gallery, but will rejoice in higher wages and increased prosperity.

Only have the goodness to reflect, gentlemen, and you will be convinced that there is perhaps no Frenchman, from the wealthy coalmaster to the humblest vendor of lucifer matches, whose lot will not be ameliorated by the success of this our petition.

We foresee your objections, gentlemen, but we know that you can oppose to us none but such as you have picked up from the effete works of the partisans of Free Trade. We defy you to utter a single word against us which will not instantly rebound against yourselves and your entire policy.

You will tell us that, if we gain by the protection we seek, the country will lose by it, because the consumer must bear the loss.

We answer:

You have ceased to have any right to invoke the interest of the consumer; for, whenever his interest is found opposed to that of the producer, you sacrifice the former. You have done so for the purpose of encouraging labor and increasing employment. For the same reason you should do so again.

You have yourselves obviated this objection. When you are told that the consumer is interested in the free importation of iron, coal, corn, textile fabrics — yes, you reply, but the producer is interested in their exclusion. Well, be it so; if consumers are interested in the free admission of natural light, the producers of artificial light are equally interested in its prohibition.

But, again, you may say that the producer and consumer are identical. If the manufacturer gains by protection, he will make the agriculturist also a gainer; and if agriculture prospers, it will open a vent to manufactures.

Very well! If you confer upon us the monopoly of furnishing light during the day, first of all we shall purchase quantities of tallow, coals, oils, resinous substances, wax, alcohol — besides silver, iron, bronze, crystal — to carry on our manufactures; and then we, and those who furnish us with such commodities, having become rich will consume a great deal and impart prosperity to all the other branches of our national industry.

If you urge that the light of the sun is a gratuitous gift of nature, and that to reject such gifts is to reject wealth itself under pretense of encouraging the means of acquiring it, we would caution you against giving a death-blow to your own policy.

Remember that hitherto you have always repelled foreign products, because they approximate more nearly than home products the character of gratuitous gifts. To comply with the exactions of other monopolists, you have only half a motive; and to repulse us simply because we stand on a stronger vantage-ground than others would be to adopt the equation + × + = ; in other words, it would be to heap absurdity upon absurdity.

Nature and human labor cooperate in various proportions (depending on countries and climates) in the production of commodities. The part nature executes is always gratuitous; it is the part executed by human labor that constitutes value and is paid for.

If a Lisbon orange sells for half the price of a Paris orange, it is because natural, and consequently gratuitous, heat does for one what artificial, and therefore expensive, heat must do for the other.

When an orange comes to us from Portugal, we may conclude that it is furnished in part gratuitously, in part for an onerous consideration; in other words, it comes to us at half price as compared with those of Paris.

Now, it is precisely this semigratuity (pardon the word) that we contend should be excluded. You say, How can national labor sustain competition with foreign labor, when the former has all the work to do, and the latter only does one-half, the sun supplying the remainder?

But if this half, being gratuitous, determines you to exclude competition, how should the whole, being gratuitous, induce you to admit competition? If you were consistent, you would, while excluding as hurtful to native industry what is half gratuitous, exclude a fortiori and with double zeal that which is altogether gratuitous.

Once more, when products such as coal, iron, corn, or textile fabrics are sent us from abroad, and we can acquire them with less labor than if we made them ourselves, the difference is a free gift conferred upon us. The gift is more or less considerable in proportion as the difference is more or less great.

It amounts to a quarter, a half, or three-quarters of the value of the product, when the foreigner only asks us for three-fourths, a half, or a quarter of the price we should otherwise pay. It is as perfect and complete as it can be when the donor (like the sun in furnishing us with light) asks us for nothing.

The question, and we ask it formally, is this: Do you desire for our country the benefit of gratuitous consumption or the pretended advantages of onerous production? Make your choice, but be logical; for as long as you exclude, as you do, coal, iron, corn, foreign fabrics, in proportion as their price approximates to zero, what inconsistency it would be to admit the light of the sun, the price of which is already at zero during the entire day!

-- Claude Frédéric Bastiat

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Every nonzero finite dimensional inner product space has an orthonormal basis. It makes sense, when you don't think about it.