All Your Tubes Are Belong to Googlizon

(Austrian) Economics, Business, Corporatism, Democracy, Nanny Statism, Technology, Vulgar Politics
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Googlizon with Chrome eye beam What you say!!!1

There has been a lot wailing and gnashing of teeth recently over a joint announcement by Google and Verizon of a legislative-framework proposal they’ve been working on.

Now, I’ve seen this variously referred to as a backroom deal or pact, a secret treaty, or a set of regulations Google and Verizon are imposing on the internet. The FCC is shamefully abdicating its responsibility to regulate the internet! Nevermind that the D.C. Circuit court determined recently in the Comcast case that the FCC has no such regulatory authority over broadband internet; hence, the calls to disastrously reclassify broadband internet access in order to place it under the same regulatory rules as regular telephone service. Some are even intimating that Google and Verizon are trying to “own” the internet. Net neutrality activists are up in arms about this proposal, viciously attacking Google for selling out and reversing its longstanding defense of net neutrality, and calling for people to stage a silly boycott of Google products and services. If you don’t join the herd, you get labeled a Google-Verizon apologist or it is insinuated that you are on their payroll (see comments on the CNET articles linked below, for example).

So what should libertarians make of all this?


  1. Confused by this sentence and the title? The title is a mash-up of a few geeky internet memes. Know your meme, and also check out this Wikipedia article and this YouTube video

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A Government Program Which Works?

Business, Finance, Nanny Statism
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Apparently 13.2% of you have some of these in your wallet.

Is it possible? Has free-market anarchist and Austrian School Economist Michael Barnett finally discovered a government program which appears to be achieving its stated goals? Yes, my friends, I think I actually may have done just that. Now look, I understand that correlation does not imply causation, but I think there’s a strong case to be made here. I’m talking, of course, about the multitude of state and federal outreach efforts over the last two years to spread awareness of and encourage participation in Food Stamps Programs. Record numbers of Americans are receiving food stamp assistance now, more than ever before. Illinois, Oregon, Florida, and Idaho are just four of many US states which have never had so many people dependent on government to feed them. I wanted to make a play on the words “superpower” and “soup lines” (souperlines? souperpower?) to describe America’s new position in the world, but my joke writers aren’t as good as Jay Leno’s.

The world's only souperpower? See, it just doesn't work.

Specifically, according to the US Department of Agriculture 40.8 million Americans are recipients of “supplemental nutrition assistance.” Subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April. Participation has set records for 18 straight months. Well, there’s an economy in recovery! I think a little perspective is in order.

Suppose we created a new country out of every recipient of government food assistance programs in the US and named it The Stiglitzian Commonwealth of Krugmania. This new Commonwealth would be tied with Kenya as the 32nd most populous country. It would have more citizens than (in no order) Argentina, Sudan, Poland, Iraq, Venezuela, and Malaysia, just to name a few. It would have twice or more as many citizens as Chile, Niger, Netherlands, Cameroon, Angola, Cambodia, and Kazakhstan just to name a handful of the more than 160 countries which would fall into this category. But what about America’s Neighbor-to-the North? The United States has 6.5 million more people relying on food stamps than Canada has people period. My first instinct is to call that hilarious, but as that comparison sinks in, it’s rather revolting. This must be the economic recovery I kept hearing about.

Don’t despair, people. Let’s not forget the silver lining I launched this post with: we may just have discovered a government program which achieves its stated goals. That’s something, I guess.

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Greedy Businessman Does More For Environment Than Environmentalists

(Austrian) Economics, Business, Environment, Technology
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Over at Forbes.com, Reihan Salam had something rather unexpected but very welcome to say about the CEO of a major corporation:

That the success of the Kindle is good news for Amazon should go without saying. But it represents a remarkable environmental advance as well. The publishing industry in the U.S. felled roughly 125 million trees and generated vast amounts of wastewater. And, of course, physical books have to be transported by trucks, which generate carbon emissions, exacerbate congestion, increase traffic fatalities and cause wear-and-tear on already overburdened roads. One assumes that Bezos didn’t have the environment foremost in mind when he pushed the Kindle concept forward, yet he’s arguably done more to fight climate change by threatening hardcovers and paperbacks with extinction than any number of environmental activists.

Salam goes on to argue that Amazon will ‘win the internet’ through the Kindle and its rapidly growing ebook sales. I don’t know about that. What does it mean to ‘win the internet’? He only considers Facebook as a rival. What about Google? Android and ChromeOS are poised to dominate the mobile phone and tablet pc markets, putting Google into direct competition with the Kindle. Then there’s Google Search, Books, Voice, Gmail, Docs, Maps, Chrome browser, TV, and so on and so forth.

But bravo to Salam for daring to recognize in public the (probably unintended) positive environmental externalities of business decisions and technological innovation driven by profit-seeking amidst market competition — indeed, for daring to rank them on par with or above that of ‘altruistic’ environmental activists.

Cross-posted at Is-Ought GAP.

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Easy to Miss

Business, Technology
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It’s easy to miss, but if you happen to catch this video floating around, unassumingly, on YouTube, you will witness a marvel of the modern age.

This development alone is more heroic than anything Obama has done in two years with the most powerful position in the world.

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Free Market Wealth Redistribution

(Austrian) Economics, Business, Humor
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Look at this video featuring a brilliant young entrepreneur who is engaging in the only proper way to redistribute wealth: with full consent from all parties. In this case, no doubt, he is helping to move money from the pockets of professional athletes, entertainers, and heirs into his own and those from whom he purchases goods and services.

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