Tag: Economic Development

Amazon’s “Dark Side” Is a Bright Spot for Workers and Consumers »

Jim Hightower is an old-fashioned Texas progressive, who, if memory serves, once ran unsuccessfully for the governorship of that state. He may be a great polemicist—see “The Dark Side of Amazon”—but he does not know the first thing about how markets work and how Amazon.com, like Wal-Mart, is a benefactor of consumers nationwide and...
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Fascism Is Efficient, Says Andres Duany, Leading Proponent of “Sustainable Development” »

It goes by many names: “sustainable development,” “smart growth,” “transit-oriented development,” to name a few. But development projects built under the banner of “sustainability” share the same elements: high-density residential housing and high-intensity commercial space (so-called mixed use) clustered near capital-intensive mass transit lines surrounded by government-owned “open space” and, increasingly, government-imposed “urban growth...
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New Study Links Patent Trolls to Decline in R&D Spending and Other Ills »

A new paper (“Patent Trolls: Evidence from Targeted Firms”) written by researchers from Harvard University and the University of Texas offers more evidence of the harm that patent trolls cause to the American economy. The data show that (1) trolls target companies flush with cash, (2) seek targets likely to settle rather than litigate, and (3)...
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Sweatshops: Misunderstood Paths Out of Poverty »

The collapse of a garment factory in Bangladesh’s Rana Plaza last year killed more than 1,100 workers and reignited an international movement calling for the regulation of so-called sweatshops in the developing world. Unfortunately, the activists often try to promote better working conditions the wrong way because they overlook the harm that boycotts and...
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A “Smart-Growth” Revolt in California »

On June 18, the Larkspur City Council voted unanimously to kill a high-density “smart-growth” development plan for this community of 12,000 people 16 miles north of San Francisco. The plan called for building 39,500 square feet of office space, 60,000 square feet of hotel space, 77,500 square feet of retail space, and up to...
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NASA’s Children’s Climate Change Website, and the book 1984: Creating Spies One Child at a Time »

From our friend Cal Beisner over at the Cornwall Alliance: What would you say if your child accused you of a thought crime, and turned you in to the thought police? Would you say it was ridiculous? Perhaps you would say, “There is no ‘thought crime’ in the United States.” Surely your children would...
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SCOTUS Affirms That Abstract Ideas Are Not Patent-Eligible »

It is no secret that innovation suffers because of the current state of patent law. Too many overly broad patents are issued and present patent trolls with the opportunity to sue, sue, and sue again. Today, the High Court in Alice Corp. v. CLS Bank, made abundantly clear that abstract ideas are not patentable....
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Piketty and Emerging Markets »

Much has been said to refute Thomas Piketty’s important book, Capital in the Twenty-First Century, from the perspective of developed countries, but not from the standpoint of emerging markets. His contention that the rate of return of capital, roughly twice the rate of growth of the economy, leads to increasing inequality is not consistent with...
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Big Pharma, Trial Lawyers, and Harry Reid Kill Patent Reform »

Now that the smoke has cleared after the collapse of efforts to push patent litigation reform legislation through Congress, pundits are busy discussing just what happened. The President and members of both parties agreed that some reform was necessary. Reform legislation seemed to be a sure thing. Sources close to the negotiations on reform indicate...
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Patent Trolls and Trial Lawyers Thwart Patent Reform »

Time reports that Sen. Pat Leahy, the chairman of the Senate Judiciary Committee, has pulled the patent reform legislation from the Senate’s agenda. Here is a snippet from the article: Needless to say, trial lawyers are among the groups that benefit the most from rampant patent litigation. Engine Advocacy, a non-profit group that works...
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