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Comment Re: They're right you bunch of freetards (Score 0) 612

Customers create demand but only at certain prices does that demand turn into a transaction. Ignoring the capital required to turn theoretical demand into actual demand is dumb. People who say customers create jobs have an an agenda and don't really believe that follows logically, because how could they be that dumb?

Comment Re: sampling bias (Score 1) 405

The point is just that the absence of an indicator is not an indicator of absence, and people use this argument as evidence that things are not changing now. That assumes stasis and it assumes linearity. When "things change" on important dimensions, it can be very rapid non-linear change, and that change is accelerated when everyone thinks things don't change and are fragile as a result.

Submission + - UMG v Grooveshark settled, no money judgment against individuals

NewYorkCountryLawyer writes: UMG's case against Grooveshark, which was scheduled to go to trial Monday, has been settled. Under the terms of the settlement (PDF), (a) a $50 million judgment is being entered against Grooveshark, (b) the company is shutting down operations, and (c) no money judgment at all is being entered against the individual defendants.

Comment Re: Maybe it's time these companies learn... (Score 1) 124

Pretty sure you just admitted Walmart and McDonalds meet the needs of a large segment of the market. You don't have to like either establishment. That's the beauty of a market system: it can cater to diverse needs.

In your case, there are plenty of places that will cater to your arrogant elitism.

Comment Re: Maybe it's time these companies learn... (Score 1) 124

Absolute necessities, which is what you are both trying to refer to, are pretty rare. You have to do silly things like say "food is a necessity". Yes, but what food? At Walmart, Ramen is 17 cents. Filet mignon is $20/lb. What you choose in that spectrum is want. People go to Walmart because they can "buy up" for the same price. You probably will disagree, because you want to disagree, but when you look at demand for Walmart, it's pretty self-evident. Picking examples where Walmart is the only grocery/retail store within 40 miles is pretty ridiculous, and not just because it accounts for a tiny % of Walmart's revenue and therefore has no explanatory power.

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