Nov 20 2012
Bloomberg's Moshinsky and Brunsden report: The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought...The [Financial Stability Board, FSB], a global financial policy group comprised of regulators and central bankers, found that shadow banking grew by $41 trillion betw...
Nov 19 2012
I've had two experiences in the last few weeks in which one business was incredibly accountable and one business was reasonably accountable although its employee was so-so. The good story first. I was traveling home from Miami to Monterey on November 4 and the first leg of the trip, on American Airlines, was from Mia...
Nov 19 2012
Alex notes that once again, the Mouse appears to have won a copyright battle (he won a big one back in 1998). So, is this evidence that most political outcomes are driven by cash? Is this evidence that, contrary to my claims, money drives most of U.S. politics? Hardly. Disney is one of the most ...
READER COMMENTS
John Thacker
Nov 19 2012 at 8:49am
The author of the report is on Twitter and wants to continue to engage people on the memo and is defending it rather than (as some hyperbolic comments would have it) being disappeared like in the Cultural Revolution. Perhaps someone should interview him.
I suspect that it was withdrawn from the public site because it was an internal memo and white paper, and then opponents of changing the position on copyright were complaining that it was being treated as an official House GOP position. It was never actually adopted as a position, only proposed and discussed.
Further engagement on the issue seems like a worthwhile endeavor.
John Thacker
Nov 19 2012 at 9:01am
Timothy B. Lee interviewed the author of the memo over at Ars Technica.
John Thacker
Nov 19 2012 at 9:20am
A similar example: The New York Times has an article about small beachfront communities in hurricane and flood paths that continually get wrecked and rebuilt with federal money. Yet when Sen. Rand Paul was complaining during the federal Flood Insurance program renewal and trying to stop it, he was of course attacked for hating people who suffer floods. The people getting flooded far exceeded the money from the builders and insurance companies who like the federal subsidy.
[NYTimes link changed to permalink from RSS feed link.–Econlib Ed.]
Tom West
Nov 19 2012 at 9:51am
An alternative explanation is that even if you are not receiving money from an industry, general principles may indicate that you shouldn’t harm industry.
If the lobbyists are successful in persuading lawmakers that such copyright changes as were proposed would significantly harm the US economy, I think that would, in the eyes of most politicians, outweigh some nebulous public good.
Spooking most lawmakers is as simple as pointing out the destruction of the Hong Kong film industry and the near insignificance of the Chinese non-governmental cultural industry as examples of what a loose copyright enforcement environment looks like…
(Whether the lobbyists case is true or not is irrelevant.)
Silas Barta
Nov 19 2012 at 1:08pm
OT: I was excited when I saw the title, since I own the domain tyrannyofthemouse.com (only the “blog.” subdomain works though) — but it refers to the tyranny of computer mouse devices (and how you can do much better from the keyboard with tools like Pentadactyl), not Mickey.
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