“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:
One of the world’s largest financial services firms is mining bitcoins
The Startling Reality of Money Power
State oil fund makes all Norwegians crown millionaires
Flooded By Gold Smuggling, India's New Cabinet To Lift Gold Controls
Still no list of Q4 2012 ex-Americans in the Federal Register
Ron Paul on Iran Protests...CIA Fingerprints?
67 Countries the U.S. Is Obliged to Go to War For
Greek Taxes Are So High That People Are Turning Down Inheritances
Florida “Officer of the Year” Arrested on Federal Child Pornography Charges
CertusBank Ex-Execs, Ousted Over Lavish Expenses, Now Suing
Your right to resell your own stuff is in peril
The Resident: Why Gov't Consolidates Media
Petition to name San Francisco’s Bay Bridge after Emperor Norton gains support
Boston Marathon Witness Interview: Police Told Us Bomb Drill Was 'Training Exercise'
Jay Leno’s Gitmo Solution