I'd counter with the right to protect your business. Non-competes arise out of a number of valid reasons. They can be used to protect trade secrets. They can be used to protect customer relationships. Both of these cost a lot of money to create and maintain and there has to be some method of keeping your direct competitors from poaching them by bribing your employees.
That said, the law usually finds a balance and will usually strike down a non-compete that is too broad -- or in other words, defines "competitor" so expansively that it's impossible to find another job the utilizes your actual skills (rather than your former employer's trade secrets or customer relationships.)
Um, you forgot a couple of other possibilities:
5. Cut obscene executive pay, bonuses, and perks.
6. Fire bloated middle management (and bloated middle managers)
And most shareholders hardly count as "consumers", although I suppose you're right, there might be less consumption of luxury cars and second homes. Somehow I think that's a reduction in consumption we can live with.
So it's not my firefox/windows/router/isp dns cache being poisoned and directing me to a government controlled evil Google clone?
The other possibility was the evil overlords were stopping me from to figuring out how to mount my pirated copy of F.E.A.R. (Yeah, someone lost disk 5/5 of the legitimate copy.)
I don't consider refinancing a house (and I presume you have excellent credit and some actual equity) the same as finding financing for purchasing a struggling business. Circuit City is liquidating in large part because it could not find financing on any terms. Also look at Etoys and any number of recent collapses. One venture capital firm making one investment doesn't mean there's significant credit available out there.
And as I said, I have personal knowledge of the layoffs at Sun, and they are part of a pattern that began long before the current economic crisis because they have nothing to sell. In the quarter ending in September, Sun lost $1.677 BILLION on revenues of just under half that. That is simply unsustainable.
If they have technology that I haven't heard of because they aren't selling it, I'd say that's pretty good evidence it's not worth anything. And we have several Sun workstations where I work, and a couple of servers -- sitting unplugged on the shelf because Linux is cheaper, easier to maintain, and has more software that we actually use available.
Fortunately the winner of this debate will be pretty obvious in a year or two. If I'm so blind, it's view shared by Wall Street that's now valuing Sun at $3.61 a share, down from a 52 week high of $18.
And yes, I think the economy is far worse than your rosy claims.
Let the machine do the dirty work. -- "Elements of Programming Style", Kernighan and Ritchie