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Comment Re:Fine! (Score 1) 365

but that doesn't change the fact that they are robber barons.

Or "robber barons" concept is a socialist myth. In fact the companies founded by these people generally pushed forward technological or business solutions that revolutionized the economy and made people's lives better. For instance, Standard Oil dramatically decreased the price of oil products (not what you'd expect from a "monopoly").

"Robber barons" is a concept invented by their inefficient competitors to try to hassle them with useless anti-trust laws.

My reading of generosity of "robber barons" is that they considered themselves very lucky, were sitting on a ton of cash, and wanted to do something beneficial to society with that money.

At the same time, many also wanted to have lasting monuments to themselves because they were megalomaniacs. But the truth is that many CEOs tend to be that way. If you believe in yourself enough, other people tend to follow you. That's one of the reasons you pay multinational CEOs so much is because it takes a rare person crazy/megalomaniacal enough while also being reasonably intelligent and socially capable to get tends of thousands of people to take orders from you. And also if you are rich, people tend to kowtow to you as well. It is a bit like...government! Only instead of voting them out of office, you can choose not to buy from them if you don't like the product.

Comment Re:Fine! (Score 2) 365

Companies like Nike have been steadily moving their labor to the next cheapest place whenever people start asking for fair wages and working conditions.

Actually the evidence indicates that multinational firms routinely provide higher wages and better working conditions in poor countries than their local counterparts, and they are typically not attracted preferentially to countries with weak labor standards.

On the other hand, if manufacturers are forced to stay in high labor cost countries, they will simply use more automation and employ fewer people. US real manufacturing output is near an all-time high, yet US manufacturing jobs are down 35% from the peak in 1979. This is not just a US trend, but typical of all advanced economies.

Comment Re:"stashes its cash" (Score 1) 365

Whenever we tax rich people, we're disincentivizing them from being rich, which discourages them from spending their money.

I'm going to tell you that if my family's tax rate goes up any more, my wife is leaving the technical labor force and staying home with the kids because we won't be able to afford the child care. So there will be one less productive technical worker, and less business for the child care workers. That is reality.

We're not "super rich", but we're not bad off at all, although we live in a high-cost area where our jobs are.

Comment Re:Cake and eat it too (Score 1) 365

If you incorrectly believe that _everyone_ pays the US 35% corporate tax sure, the US has the highest corporate tax rate.

Microsoft in 2013 paid $5.1 billion in total US federal/state/local and international taxes. This is on $21.8 billion in net income. So they are paying about 23% on a global basis.

Microsoft paid out about $3.1 billion in US federal taxes, and $1.7 billion in foreign taxes, so despite making more profits oversees, Microsoft is paying more in US taxes than foreign taxes.

Comment Re:Geographic matching (Score 1) 365

There is value in having developers who are from the countries where you sell your products because their understanding of the local culture and context

I am often dealing with technical product developers in Europe, Japan, or Israel, and it is a bit of a pain to schedule conference calls or get them to travel to meet with us. Much easier if they are in the US, unfortunately the smartest people in the planet do not all live in the US...

Comment Re:Too bad (Score 1) 474

After seeing what lack of control of your own currency did to Greece, Italy, and Spain I've come to the conclusion the tight economic binding which is the EU is a bad idea.

Yeah, because insane regulation and widespread corruption can be easily solved with inflation.

Italy: Despite repeated reform attempts, short-term legislative reforms have not been implemented effectively, and the economy remains burdened by political interference, corruption, high levels of taxation, and a rigid labor market. Due to the complexity of the regulatory framework and the high cost of conducting business, a considerable amount of economic activity remains in the informal sector.

Spain: Spain continues to score below the world averages in fiscal freedom, government spending, and labor freedom.

Greece: Over the 20-year history of the Index, Greece's economic freedom score has declined by over 5 points. Despite improvements in five of the 10 economic freedoms, large declines in property rights, freedom from corruption, government spending, and investment freedom have more than offset any gains.

Form 2014 Index of Economic Freedom.

Meanwhile, the Netherlands has 5.3% unemployment, and GDP per capita of $42,194. Open to global commerce, the Netherlands has long benefited from a high degree of regulatory efficiency that facilitates entrepreneurial activity. The judicial system provides strong protection for property rights.

Comment Re:Evolution is hard to stop (Score 1) 196

or a world where any person would be equally likely to have biological children and grandchildren.

They would have to have precisely the same number of children (i.e. not die to due accident or stillbirth before reproduction), and reproductive assignment between sexual partners would have to be completely random, not sexually selected as it is today (even in countries where sexual partners are determined by parents, the parents are still performing a kind of sexual selection).

But with sexual reproduction, even in such a completely "fair" and "random" mating situation, genetic drift would still occur because although at a single locus each parent passes on one or other allele with a 50% probability of each, that 50% is a statistical average. Out of a ten thousand reproductions, you might find one reproduction where an allele is over-represented or under-represented. So across the population, genetic change will happen.

Submission + - .SCOT TLD "Priority Registration" Deadline Approaching

TheSync writes: Calico.UK, the registrar for the .SCOT top level domain, is advertising "priority registration" ahead of general availability of the TLD just in time for the Scottish independence vote. Scotland of course has no ISO 3166-1 two-letter country code at this time, and even if it wanted one after independence, many natural choices like "SC" are already taken, but then again UK domains tend to use .UK instead of the ISO 3166-1 code "GB".

Submission + - German judge lifts temporary ban on Uber ride-sharing (reuters.com)

mpicpp writes: FRANKFURT, Sept 16 (Reuters) — A Frankfurt judge granted a reprieve to Uber, the online transportation service, setting aside a temporary injunction issued two weeks ago against the Silicon Valley company from operating a novel car-sharing service across Germany.

Frankfurt Regional Court Judge Frowin Kurth said on Tuesday that the issues in the case brought against Uber by German taxi operator group Taxi Deutschland deserved a fuller airing in court, but lacked the urgency for a temporary injunction.

"There could still be grounds for an injunction" against Uber, Kurth said in deciding on the company's appeal of the court's original decision. "But during our deliberations it became clear there were no grounds for an immediate injunction."

The lawsuit, which pits taxi operators against the fast-growing U.S. start-up recently valued at around $18 billion, has underscored Germany's mounting unease over the impact of digital technology on established businesses and institutions.

Taxi Deutschland had sought the injunction as part of a civil lawsuit to bar the company's ride-sharing service, citing what it saw as unfair competition by Uber against the professional taxi drivers whom it represents.

The original injunction barred Uber from using its Uberpop mobile phone app to connect ride-sharing drivers to potential passengers, ruling that Uber's network of volunteer drivers lacked the commercial licences to charge passengers for rides.

Each infraction of the court's injunction carried fines of up to 250,000 euros ($323,775). Uber quickly appealed the ruling, leading to Tuesday's hearing.

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