“There is a number of industries today that are already obsolete, kept alive by sheer inertia or by political subsidies. Many politicians, in an attempt to ‘save jobs’, are foolishly taking resources from new, viable industries and giving to these obsolete ones. ‘Saving jobs’ in this context means that politicians are rejecting ways of producing the same level of output with a much more competitive and cost-efficient method, and is not to be applauded at all.”
http://falkvinge.net/2013/12/10/rick-falkvinges-list-of-stone-dead-industries-today/
Related posts:
Justin Bieber and “Resisting Arrest Without Violence”
How Much Will the Defense Industry Make from a Syria Missile Strike?
Stay Out of Petty Island Disputes in East Asia
States Sending the Most People to Prison
Scientists invent contact lenses that bestow telescopic vision
NSA routinely tapped in-flight Internet, intercepted exported routers
The Birth of a New Bull Market
Why is eBay eager to pay a tax that Apple works to avoid?
A close call in the China Sea
California: Benefit of Longer Yellow Light Proves Lasting
Bitcoiners Destroy iPhones After Apple Blacklists Blockchain
Federal cybersecurity official going to jail on child porn charges
The Vanishing Entrepreneur [2011]
Wyden asks Obama’s terrorism chief for rules governing assassination of U.S. citizens
Texas vs. California