European Economics in One Lesson

Henry Hazlitt's book, Economics in One Lesson, begins by saying that "Economics is haunted by more fallacies than any other study known to man." European economics is based on perhaps the simplest of those fallacies to avoid: "Bite the hand that feeds you."

There are a lot of electronic music players in the world. One of them is the IPod. I don't own an IPod because it is too expensive and its music will not play on any other player. The Europeans have gotten around to noticing this lately, and rather than buying something else, they want to force Apple Computer's ITunes store to provide their music in other formats. Yes, by all means! I have just created the FSMF (Frank Staheli Music Format) and I am appealing to the European Union to including me in their list of supported formats.

I think it's the same stupid economics that made the Macintosh a second player to the PC market. But the Europeans think it is illegal. And knowing their laws, it probably is.

"When you buy a music CD it doesn't play only on players made by Panasonic. People who download a song from iTunes shouldn't be bound to an iPod for the rest of their lives."

Well, if you don't buy one of the other players from the electronic music playing plethora, I think you should be bound to your IPod. Why should the government rescue you from an obviously stupid decision?

As soon as Europe gets into deciding what kind of music a music provider should provide, they can start deciding a lot of other things for you.

The story from International Herald Tribune goes on to say

In August, France passed a law that giving regulators power to force Apple to license its software or hardware to rivals so they can make compatible music players and stores.

I wish God had loved me enough to make me one of the smartest and elite-est in the world so that I could make everyone's decisions for them.

The only problem for you non-thinking bureaucrats is, what happens when, after you've forced everyone to share their trade secrets that they spent millions or billions researching, and they decide not to create anything anymore. Then there will be nothing left for you to force anyone to share with everyone else.

Atlas continues to shrug. He can't hold up the world for much longer. It's frustrating to me that leading lights in America say that we have a lot to learn from Europe.


  1. Sounds like Socialism to me. That has always worked for other countris hasn't it? Sounds to me like eventually, maybe not in my life time, but maybe my kids, we will be over there in another war in Europe, freeing the people from a government that thier grandfathers created. They are upset and against the war in Iraq and didnt support us. Yet, they are creating the same style of goverment that we disassembled. That kind of shows to me that they like it.
    It sure makes me proud to live in the US of A, and makes me damn glad I served her.

  2. What's sad is that they mean well, but they don't think through the consequences of their actions.

    Statistics work on everything except people, because people have the ability to think and choose. Government often fails to take this into account.


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