How many times has government royally messed up something? And not fired anyone? Or done anything that remotely resembles improving their performance? Oh so very often. In part because they don’t care – once they have the power, they don’t care what happens to us. In part because they are too busy planning their next grabs.
Fresh off a $2 billion profit in 2014, utility giant Exelon is attempting to strong-arm the Illinois legislature into placing new restrictions on lower-cost electricity competitors. If Illinois lawmakers don’t meet Exelon’s demands, it is threatening to shut down operations at three of its six Illinois nuclear power plants.
“There’s a war here,” the New York Times columnist proclaimed at a food conference last year. His battle is America’s next social justice crusade much like civil rights and suffrage. But this time, the oppressors are McDonald’s, Wal-Mart and Monsanto. From soda to sugar to meat, Bittman has declared war on nearly every ingredient in the American food system.
Old fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is significant unemployment and slow economic growth it must be due to not enough consumers’ spending in the economy, what Keynesian economists call a “failure of aggregate demand.”
Most people instinctively understand when government shelters companies from competition it is ultimately the consumer who suffers from higher prices, lower quality, or both. Unfortunately, this bit of common sense hasn’t made much difference in the minds of those arguing Indiana should impose a moratorium on new nursing home facilities and beds.
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.
Net neutrality is a solution in search of a problem. Over the last decade, the FCC has alleged only a few potential net neutrality problems, and in each of these few cases, the FCC was able to satisfactorily resolve them without Title II authority.
Is the Internet consumer in charge or the product sold to others? Is net neutrality about protecting consumers or Silicon Valley?
We’ll learn the answers to these critical questions in the coming months when the FCC votes on a redo of its “Open Internet” order implementing net neutrality.
Apple Corp. last night announced that it is implementing a new security protocol that will make it impossible for the firm to turn over users’ personal information to government agencies, or anyone else. This is great news for users of Apple products, and one hopes that the other major phone and tablet operating system providers—notably, Google and Microsoft—will quickly follow suit.
That is what our system needs. Not third-party payers who know they can always raise premiums to cover these ridiculous costs so never bother to argue, but engaged (and sometimes enraged) consumers who refuse to be treated like patsies.
Congress has considered many bills over the past few years that, like the Marketplace Fairness Act, would expand states’ ability to force out-of-state retailers to collect sales taxes regardless of[…]