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more on OECD on employment protective laws
From: David Farber <dave () farber net>
Date: Tue, 25 Apr 2006 07:59:28 -0400

Begin forwarded message:

From: Gerry Faulhaber <gerry-faulhaber () mchsi com>
Date: April 24, 2006 11:46:52 PM EDT
To: dave () farber net
Subject: Re: [IP] more on OECD on employment protective laws

Wow, is Nelson's analysis on point. Once you get past Microsoft, it is very hard to name a monopoly that arose through purely private means. But there are lots of monopolies that were created/protected by government in the name of the public good (or as they say at the FCC, the "public convenience and necessity"). Government has traditionally created and protected monopolies, not suppressed them; they have traditionally been the problem, not the solution (pace, all my DC antitrust buddies).

I understand that actually consulting the facts often overturns our favorite conspiracy theories, and that this makes many readers uncomfortable. But when you learn to confront your economic prejudices with real-world data, it is really quite bracing;-)

Professor Gerald Faulhaber
Business and Public Policy  Dept.
Wharton School, University of Pennsylvania
Philadelphia, PA 19104
Professor of Law
University of Pennsylvania Law School

----- Original Message ----- From: "David Farber" <dave () farber net>
To: <ip () v2 listbox com>
Sent: Monday, April 24, 2006 8:31 PM
Subject: [IP] more on OECD on employment protective laws

Begin forwarded message:

From: Russ Nelson <nelson () crynwr com>
Date: April 24, 2006 8:10:18 PM EDT
To: dave () farber net, "'Frode Hegland'" <frode () hegland com>, Bob Frankston <Bob2-19-0501 () bobf frankston com>
Subject: RE: [IP] more on OECD on employment protective laws

From: Frode Hegland <frode () hegland com>
Date: April 17, 2006 11:47:03 AM EDT
To: dave () farber net
Subject: Re: [IP] OECD on employment protective laws

Within a capitalistic country regulation is need to keep large
companies from becoming monopolies.

Do we?  Name a few monopolies.  Were they created by the marketplace
or by governments?  Let's play a game.  You name a market monopoly,
and I'll name a government monopoly.  Last person to name a monopoly
wins.  If you get desperate, I'll let you name a duopoly, but you have
to name both companies and you can only count them as one.

I'll go first: Verizon (my local telephone company)

Since you're going to name it sooner or later, I'll give you Microsoft
even though it's sustained by a government monopoly (copyright), and
even though you can walk into any Apple store and come out with a
computer running MacOS, not Windows.

My turn: National Grid (my local electric company)

Your turn?

In fact, the trade imbalance with Africa is so bad that locally grown
produce is more expensive in many places, than US imports due to US

Oh, that's a completely separate problem from monopolies.  The US
taxpayers are giving a gift of produce to these countries.
Unfortunately, comparative advantage is very much in their favor for
producing produce; they aren't as good at other things.  So they have
to do something they're bad at, while we do something we're bad at
(but which is made cheaper by our taxpayers).  The only people this
helps are US farmers -- at least half of whom are already wealthy and
don't need the subsidy.

let's just discuss how to improve the outcome for more people,
instead of simple pro/con arguments. End rant.

End US farm subsidies.  Better for US taxpayers, better for efficient
US export companies (whose share of US dollars held by foreigners is
being sucked away by the less efficient farmers), better for people in
poor agricultural countries.

And then end EU farm subsidies while we're at it.  Same reasoning.

And if we're successful with the two of them, we have a chance at
ending Japanese farm subsidies (and protective legislation).  Same

--my blog is at http://blog.russnelson.com | A computer without Python is Crynwr sells support for free software | PGPok | like a CPU without memory: 521 Pleasant Valley Rd. | +1 315-323-1241 | it runs, but you can't do Potsdam, NY 13676-3213 | Sheepdog | anything useful with it.

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