7/20 Aaah, a Kinneyless motd. Thank God. We should be thankful that
kuro5hin lets anyone blog.
\_ Who the hell is Kinney anyway?
I have recently turned my thoughts to capitalism and how we DO
NOT live in a capitalist market place. There is a lot of talk
about how competition drove corporations into the ground
(particularyly telecom!) however why is it that some suceed and
some don't? In real competition everyone suceeds which drive
innovation and improvements, however in american competition the
gains are not in effectively competeing the gains are when you
have gained market power.. ie you have become a monopoly. This is
mainly why we had such large appreciations in equity pricing.
Fundamentaly that had no changed.. Most corporations in america
will in the long run enjoy monopoly power, this will continually
allow american corps to grow. however they are doing so by
violating what economists think of as competition. Firms gain
market power through the use of contractual terms, end user
agreements, legislation, regulation, and also through the use of
advetising(marketing). And most importantly they utilize the
PATENT.
My train of throught has led me to believe that patents and
copyrights are a serious drag on the long run economy.
\_ just look at /csua/tmp/motd.kinney
\_ [ kinneydrivel deleted. ] Go away. |
http://csua.com/feed/