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#81
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#82
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I'm not a big fan of regulation, I live with it all day long and can tell you that it does nothing constructive in my industry except add cost and burden to consumers. As a Financial Advisor I could probably follow every rule and regulation on the books and still do bad things to clients. It's sad how many people think the cure for every ill in the world is more regulation.
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#83
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I think the problem stems from what was created via the original regulation. Sadly, we're trying to undo it via more regulation, rather than undoing the actual issue. What I mean is that phone, electric, gas, and cable companies have true ownership of the pipes going to your house. They own it because governments wanted to give them incentive to build the infrastructure in the first place. In order to get their ROI, they demanded exclusivity and got it. They've made back the money on their investment many times over by now, but they still have that exclusivity. Government can't take ownership of the pipes, but the new regulations should remove that exclusivity factor so that other companies can come in and compete. That's how the "free market" is supposed to work. Entreupreneurs have proven time and again that they are more creative than big companies. Even if the cost to access the pipes is slightly more expensive, the competitors can use alternate methods to entice customers.
If we allow the owners of the pipes to the internet to determine what traffic is more important, they will, essentially, have similar exclusivity to the pipes. Sorry, but the previously mentioned industries have proven what they do when they have exclusivity. Consider this: If the ISPs are allowed to determine who gets priority, do you think it will be the type of content or the owner of the content which becomes the determining factor. How long do you think it will be before governments say, "We're first." Then, the companies with the biggest pockest will pay to be second. Note that the current Obama administration is trying to get a kill switch for the internet. It would seem they're already saying they're first. Regulation isn't bad. BAD regulation is.
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#84
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Points taken. I'm not against ALL regulation because totally unbridled capitalism isn't a pretty picture either.
The problem with the point quoted above is that people don't often agree on what's good regulation and what's bad regulation. Some people will tell you that regulating health insurers is a good idea, others will tell you it's a bad idea. Everybody will tell you the current regulations are bad, and that's my point. We put in regulations with good intent, the regulations have unforseen negative impacts that we don't like so we put in more regulations, various groups hire lobbiests and we get more changes to the regulations, etc. Nobody starts out by saying "let's put some bad regulations in place and then later on we'll put in ever more bad regulations to fix the previous regulations." A bet nobody can provide a list of 10 regulations that the vast majority agree are good and without which industry X would be doing horrible things to consumers. Let the ISP's do what they want with the pipes. If they do things that consumers don't like and end up with dusgrunteled customers, some other company will invent alternatives. Years ago everybody was screaming that TV airwaves needed to be regulated so the "big 3 networks" did not have a monopoly. All sorts of regulations were put in place to make sure local stations were broadcast. This was all done because "spectrum was in short supply, the broadcasting equipment was expensive, there was no way anybody could compete with the networks and if we don't do this we will be stuck with whatever those big stupid networks want to put on TV and the news that that control." Well, it's years later and broadcast TV has plenty of competition from places that nobody had even dreamed about when they were clammoring for the regulation. For every good regulation there are many more bad regulations.
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#85
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UNICEF estimates there are about 158 million children 5 to 14 years old working around the world. Really think that none of that work finds its way back to products we buy? Without enforced regulations the natural order of things, via greed, is robber barons and child labor. Eric |
#86
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I agree with the principles of what you've said, but I don't think things will work themselves out on their own like you seem to believe. I truly wish I were wrong, but history seems to disagree.
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What alternatives do most people have for internet service? What alternatives do we have to using gas in our vehicles? What alternatives do we have to electricity produced by coal? What alternatives do we have to Intel processors*? I'd wager that, without regulation, we'd never have additional options. The problem with letting things sort themselves out is that we have companies who take advantage of the situation by squashing competition and innovation. Then, we wind up with a company like Microsoft or Intel who is so entrenched in their respective industry that no one has a prayer if they try to take them on. * You know how AMD came about, right? It wasn't because someone had an issue with Intel's processors.
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#87
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In the US, corporations must follow the path of maximum profit regardless of the social and moral consequences. The corporate officers are breaking the law if they choose the common good over legal profit and can be sued and removed. The only thing standing between the local chemical plant and your water supply is regulation. Period. Many of those regs may be poorly written and/or poorly implemented. They may be unnecessary in many situations. You won't find any argument from me on those points but sometimes even poorly written regulation is preferable to none at all. Does this apply to NN as written? I have said all along I don't know. I am not an expert nor even an enthusiast in this area. I am not advocating for any regulation as written just for the concept of regulation and it's very necessity to protect free markets. Something pointed out by Adam Smith himself in 'The Wealth of Nations'. S Last edited by sleonard; 03-10-2011 at 12:34 PM. |
#88
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Maybe child labor is a bad example, but I think you could make a case that the laws have failed because there are still 158 million kids working. I doubt there would be many more if no such laws existed. (And no, I don't think we should ablish child labor laws.) OTOH making the regs stronger would not result in less kids working. So while this is not the perfect example I still believe that for every good regulation I can show you many, many bad ones.
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#89
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Gas vehicles - No good alternative now, but lots of people working on it. Electricity generation - Gas, nuclear, solar, wind, etc. People don't choose this because coal is cheaper and/or they don't like the negative aspects of the other options. Processors - AMD is still an option regardless of how they came about. IBM, NEC, Siemens and many other companies are capable of producing processors. They don't because they figure Intel can produce their processors better and cheaper. The second these other companies see a way to sell chips profitably they will. This keeps Intel on their toes and prevents them from tripling the price of their CPUs. Microsoft - They have competition coming from everywhere; Apple, Open source, Google. People choose MS because it comes on the PC that they buy. This will not be the case forever. In the end competition does more to create new products and services than regulation can ever hope to create. Show me an example of a regulation that led to an innovation?
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#90
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#91
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What about google? Should we regulate them because they've become a verb? Quote:
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I challenge you to show me one thing where regulation has caused choice or competition. Regulation has given us telephone monopolies, internet monopolies, tv provider monopolies, power monopolies. It stifles innovation, discourages entrepreneurship.... Quote:
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I'm frankly amazed so many here think it's possible to regulate success and happiness, that seems to be what we're getting at here. That government, through regulations, can induce good competition to happen. And that it can make good choices that lead to happen. I have no idea what history people are reading that gives them that idea. Especially not when there are countless examples to the contrary, Russia, Cuba, China, Greece, Spain.... |
#92
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"Renewables" are just a joke in their current state. Wind is great if you can get it from where the wind is to where the people are. The problem is all the NIMBYs that prevent the lines from being run. I've heard it said "there is [insert astronomical number] amount of power given to us by the sun every day." Fine show me the tech to take advantage of it. Current solar panels, while much better than they used to be, just aren't there yet. Magical solar panels that will make solar a viable option have been 5-10 years away for the last 25 years. I don't have the stats handy, but as a nation we (the US) get more power generated by wood (seems like it was by a factor of 2 or 3) than all renewables combined. Quote:
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Private industry and the market create wealth; government consumes it. Period. No ifs, ands, or buts about it. Government is a user/abuser, not a creator/provider. It has always been, and always will be that way. Quote:
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Last edited by Spectrum; 03-10-2011 at 08:23 PM. |
#93
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Local generation is a rather simple and elegant solution to the problem, if we were to place small wind/solar at each residence/business, we would distribute the generation, making the whole system more robust, plus with local storage individuals are more resilient to power issues, etc. Of course it's not the be all end all, it doesn't work well for long spells of no wind or no sun, or night, but it would be a significant improvement. Quote:
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#94
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But isn't the fact that Comcast terminates more traffic than they originate just a natural by product of their business model? Eg, they sell highly asymmetric service (10:1 or worse) to users, and then bar those users from running servers. So of course they're not originating much traffic beyond HTTP GET requests and TCP ACKs. How was it ever even remotely symmetrical, even before netflix? Drew
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#95
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I think nuclear power plants are a poor argument for the need for less regulation. They sure operate just fine, except they have the potential to be huge disasters. And, they are eco-friendly, except for the radioactive waste that no one seems to know what to do with yet. Personally, I think nuclear power plants are a prime reason to argue for regulation. I don't think a loss of cooling at these plants could do anything like at Chernobyl, but I also don't think that a lack of regulations would have helped the history of nuclear power plants. - Andy
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#96
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#97
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The summary is, the plant survived remarkably well, there are multiple systems in place to deal with catastrophe, so far they are all working and there is minimal danger. We all know how our media (left, right, or center) loves a sensational story and "OMG problems at a nuclear reactor" is definitely a ratings maker. As to regulation, of course something as dangerous as a nuclear power plant does need to be regulated. But the argument is about over regulation. Yes there is the nuclear waste problem, to which there is no perfect solution, but fossil fuels have C02 as a by-product which is "killing the Earth" too. Nuclear and FF together account for almost 70% of US power generation and current renewables tech just can't compete. Nuclear costs much less to maintain than a fossil fuel plant => if nuclear energy wasn't over-regulated => more power would be generated by nukes => electricity would be cheaper && the Earth's "temperature" wouldn't be so high. Would the Earth instead be glowing green? Doubtful, but I guess there is a minuscule chance. There is also a chance that some bright researcher somewhere may have come up with a solution to the storage problem. More waste => more research into what to do with it. I'll digress here and we can agree to disagree |
#98
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#99
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#100
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Really? I wonder why so high on the up and mediocre on the down...
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