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Archived from groups: comp.sys.ibm.pc.hardware.chips (More info?)
Del Cecchi wrote:
> Robert Myers wrote:
> > Del Cecchi wrote:
> >
> >
> snip
> >>I gather you think monopoly is good?
> >
> >
> > Neither good nor bad, necessarily. On the whole, monopolies have
> > probably done more to advance what is generally called civilization
> > than to impede it. Whether the advancement of what is generally known
> > as civilization is a good thing might be debated.
> >
>
> >
> >>You probably like central planning as well. Trust me it isn't good.
> >
> >
> > No need to trust you. And, nothing personal, but I wouldn't. The
> > number of wrong opinions about economics that have been uttered in
> > human history surely exceeds the number of humans who have ever lived.
> > In any case, we have empirical evidence that at least some versions of
> > central planning don't work.
>
> Ah, but if you were in charge it would work? IBM in the 80's was a
> giant exercise in central planning. It didn't work either. Why do you
> think that IBM lost the PC market?
I definitely wouldn't make the claim that, if I were in charge it would
work. Examples of successful central planning, like the Interstate
Highway System, are readily at hand, just as examples of spectacular
failures of central planning are readily at hand. Neither warrants a
blanket generalization about central planning.
People tend *not* to advertise the success of monopolies because their
methods are unattractive and because the success of monopolies doesn't
fit in with au courant preconceptions about the way the world works.
Time was, though, when a sovreign (person or state) wanted to begin
something new, the first thing to do was to grant a monopoly.
Questions about how large organizations manage capital investments like
R&D are probably better left to business school classrooms.
> >
> >
> snip
> >>
> >
> > I've tried to make it clear that, on my scale of ethics, the damage
> > done to the public good by Intel doesn't make it into the Enron or
> > Worldcom league. Probably Healthsouth, too, but there I don't know the
> > story well enough. You're free to make your own value judgments. Just
> > don't expect your value judgments to be universally accepted. I don't.
> >
> If only enron and worldcom hadn't been bothered by the government, they
> would still be in business and have done no harm. The harm was caused
> by the fallout of them going under due to the meddling of the government
> exposing the fraudulent accounting. See I can play that game too.
>
If you really believe that, we are in disagreement, but I don't think
you really believe that. Enron and Worldcom damaged many lives.
> >>
> >>Competition is good. Free markets are good. Bureaucracies are bad.
> >>Who are the elite that they should determine what is best for us proles?
> >>
> >
> > Just this very afternoon, I was recounting for myself the number of
> > people now in--what would you call them?--policy roles I had known as a
> > lad--no doubt because, being an overachiever myself, I tended to be
> > around other overachievers. The ones who have made it big tend to be
> > on that Milton Friedmanish end of things. They are definitely the
> > elite. They are definitely making, or trying to make, decisions for
> > others. Marvelous things, elites: they can make anything work for
> > them: bureaucracies, monopolies, free markets, whatever's going.
> > That's why they're elites. You really should break up all those Wall
> > Street Journal editorials by reading, say, a little Nietzsche.
> >
> Still not as bad as those folks who only want to fix all the problems by
> taking from the productive folks (tax the rich, as claude pepper used to
> say) and use it to make themselves feel good.
>
Class warfare is so out of style. Values warfare is in. As to the
"still not as bad" part, we don't agree.
RM
Del Cecchi wrote:
> Robert Myers wrote:
> > Del Cecchi wrote:
> >
> >
> snip
> >>I gather you think monopoly is good?
> >
> >
> > Neither good nor bad, necessarily. On the whole, monopolies have
> > probably done more to advance what is generally called civilization
> > than to impede it. Whether the advancement of what is generally known
> > as civilization is a good thing might be debated.
> >
>
> >
> >>You probably like central planning as well. Trust me it isn't good.
> >
> >
> > No need to trust you. And, nothing personal, but I wouldn't. The
> > number of wrong opinions about economics that have been uttered in
> > human history surely exceeds the number of humans who have ever lived.
> > In any case, we have empirical evidence that at least some versions of
> > central planning don't work.
>
> Ah, but if you were in charge it would work? IBM in the 80's was a
> giant exercise in central planning. It didn't work either. Why do you
> think that IBM lost the PC market?
I definitely wouldn't make the claim that, if I were in charge it would
work. Examples of successful central planning, like the Interstate
Highway System, are readily at hand, just as examples of spectacular
failures of central planning are readily at hand. Neither warrants a
blanket generalization about central planning.
People tend *not* to advertise the success of monopolies because their
methods are unattractive and because the success of monopolies doesn't
fit in with au courant preconceptions about the way the world works.
Time was, though, when a sovreign (person or state) wanted to begin
something new, the first thing to do was to grant a monopoly.
Questions about how large organizations manage capital investments like
R&D are probably better left to business school classrooms.
> >
> >
> snip
> >>
> >
> > I've tried to make it clear that, on my scale of ethics, the damage
> > done to the public good by Intel doesn't make it into the Enron or
> > Worldcom league. Probably Healthsouth, too, but there I don't know the
> > story well enough. You're free to make your own value judgments. Just
> > don't expect your value judgments to be universally accepted. I don't.
> >
> If only enron and worldcom hadn't been bothered by the government, they
> would still be in business and have done no harm. The harm was caused
> by the fallout of them going under due to the meddling of the government
> exposing the fraudulent accounting. See I can play that game too.
>
If you really believe that, we are in disagreement, but I don't think
you really believe that. Enron and Worldcom damaged many lives.
> >>
> >>Competition is good. Free markets are good. Bureaucracies are bad.
> >>Who are the elite that they should determine what is best for us proles?
> >>
> >
> > Just this very afternoon, I was recounting for myself the number of
> > people now in--what would you call them?--policy roles I had known as a
> > lad--no doubt because, being an overachiever myself, I tended to be
> > around other overachievers. The ones who have made it big tend to be
> > on that Milton Friedmanish end of things. They are definitely the
> > elite. They are definitely making, or trying to make, decisions for
> > others. Marvelous things, elites: they can make anything work for
> > them: bureaucracies, monopolies, free markets, whatever's going.
> > That's why they're elites. You really should break up all those Wall
> > Street Journal editorials by reading, say, a little Nietzsche.
> >
> Still not as bad as those folks who only want to fix all the problems by
> taking from the productive folks (tax the rich, as claude pepper used to
> say) and use it to make themselves feel good.
>
Class warfare is so out of style. Values warfare is in. As to the
"still not as bad" part, we don't agree.
RM