Let's start off with something I got pissed off reading about last night... AMD and nvidia both recently received $12mn contracts from the DoE in addition to the all of the patents they already have.
Because of IP, we only have like 2 operating systems (Linux doesn't count because it's restricted by IP barriers) and we only have 2 CPU makers, again because of IP (well, we have IBM and ARM, but IP is responsible for anyone other than intel and AMD taking off with casual operating systems). That's the tech side.
As for banking, they're cartelized because there is a legislated lender of last resort. Due to that, fewer make money off of their own money.
As for pharmaceuticals, we have several companies, but they introduce all of these me-too drugs because of the patent system. So there is no free market in making medicines. I heard that Italy invented 9% of the world's new pharmaceutical drugs when Italy didn't have a patent system during a 20 year period until 1980... so patents aren't necessary for inventions; they're just necessary to make an obscene profit that is not subject to the laws of supply and demand.
Look at the food industry. Monsanto has control of the FDA and they've won so much in court that it's ridiculous.
Look at the car industry. They either get free loans from the Fed or they can't fail because they get bailed out. It would've been cheaper to just let the companies go under and then just put the former employees on unemployment.
Look at the energy industry. Even if central planning was ethical, the standards set by the EPA are worthless or incomplete. It was the market that fixed the toilets that didn't flush. The government mandated that new toilets had to use less water and while it's nice to save water, it wound up backfiring because they didn't require a certain water pressure.
Look at agriculture sector. The richest 72% get 90% of subsidies or vice versa. Look at how expensive organic consumables are and how much more obese American society has become, especially poor Americans.
My dad's medical practice now gets subsidized for switching to electronic medical records system... so that means many other medical practices across the country have already been paid by the government at tax payer expense. The electronic medical records system is not a good idea, because it makes it easier for the government to set up a bureaucrazy to search patients' medical records. They can probably then just give that info away to businesses... maybe even pharmaceutical companies.
The U.S. treaty with the U.N., WTO, and WB have also been anti-market because Americans have been taxed and regulated to support them... all at the expense of third worlders who probably wouldn't be so if it weren't for global statism.
I hope people will some day realize that there is no happy medium with regulations as the state will always be biased in favor of those with connections. I'll be damned if anyone can actually prove that any regulation has ever benefited society more than it has hurt society.
Because of IP, we only have like 2 operating systems (Linux doesn't count because it's restricted by IP barriers) and we only have 2 CPU makers, again because of IP (well, we have IBM and ARM, but IP is responsible for anyone other than intel and AMD taking off with casual operating systems). That's the tech side.
As for banking, they're cartelized because there is a legislated lender of last resort. Due to that, fewer make money off of their own money.
As for pharmaceuticals, we have several companies, but they introduce all of these me-too drugs because of the patent system. So there is no free market in making medicines. I heard that Italy invented 9% of the world's new pharmaceutical drugs when Italy didn't have a patent system during a 20 year period until 1980... so patents aren't necessary for inventions; they're just necessary to make an obscene profit that is not subject to the laws of supply and demand.
Look at the food industry. Monsanto has control of the FDA and they've won so much in court that it's ridiculous.
Look at the car industry. They either get free loans from the Fed or they can't fail because they get bailed out. It would've been cheaper to just let the companies go under and then just put the former employees on unemployment.
Look at the energy industry. Even if central planning was ethical, the standards set by the EPA are worthless or incomplete. It was the market that fixed the toilets that didn't flush. The government mandated that new toilets had to use less water and while it's nice to save water, it wound up backfiring because they didn't require a certain water pressure.
Look at agriculture sector. The richest 72% get 90% of subsidies or vice versa. Look at how expensive organic consumables are and how much more obese American society has become, especially poor Americans.
My dad's medical practice now gets subsidized for switching to electronic medical records system... so that means many other medical practices across the country have already been paid by the government at tax payer expense. The electronic medical records system is not a good idea, because it makes it easier for the government to set up a bureaucrazy to search patients' medical records. They can probably then just give that info away to businesses... maybe even pharmaceutical companies.
The U.S. treaty with the U.N., WTO, and WB have also been anti-market because Americans have been taxed and regulated to support them... all at the expense of third worlders who probably wouldn't be so if it weren't for global statism.
I hope people will some day realize that there is no happy medium with regulations as the state will always be biased in favor of those with connections. I'll be damned if anyone can actually prove that any regulation has ever benefited society more than it has hurt society.
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