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Author: rmhj Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 439776  
Subject: Re: Lost jobs, looking at wrong thing? Date: 10/7/2012 4:07 PM
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It's as if we are legislating out all chances at disruptive technology coming along. Or am I missing some perspective?

This has always been the way. When radio came along, the nascent record business didn't want their products played on radio, and leaned heavily on congress to restrict the practice by changing copyright laws.

Every industry and trade union, going back to Adam Smith, has wanted legislative changes to guarantee their place and profits. Or has attempted to do so by means of avoiding competition in the marketplace, whether legal or not.

rj
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