notquitetrue

4 ms·

1.
by notquitetrue 3y ago
If you intentionally undercapitalize a business to avoid foreseeable liabilities, the courts can pierce the corporate veil. Otherwise, limited liability is thought to provide the necessary incentives for widespread equity ownership and inve
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by notquitetrue 3y ago
Huh? Starlink is in the US and his right to operate physical satellites is under US jurisdiction. So even acknowledging this middle-school observation of yours that governments can in fact confiscate property, the only leverage foreign gove
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by notquitetrue 3y ago
Part of my point is they’re not that different in practice. A law that bans your way of making money is worse than a lawsuit. And in a difficult tort lawsuit, the judges are making a lot of the same kinds of value determinations that a legi
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by notquitetrue 3y ago
No, the idea is that existing businesses will lobby for the government to prop them up. Politicians are inclined to think it’s reasonable to protect jobs and such. But maybe if they let the business fail, what rises from the ashes would be
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by notquitetrue 3y ago
So should all joint influence efforts be banned or just ones that have economically productive elements? Forming groups and trying to influence politicians is the only way to get things done. They can’t listen to 300 million atomized indivi
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by notquitetrue 3y ago
Fwiw I think the bigger issue is that existing businesses are overrepresented relative to the businesses that don’t exist yet, or that would exist if rules were changed in a way contrary to the interests of some existing businesses.
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by notquitetrue 3y ago
The corporation is the legal embodiment of our joint interests. It is the only reasonable place to put the lobbying efforts. The silly thing you propose would in fact be workable for a small number of owners like this hypothetical, but how
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by notquitetrue 3y ago
Are you making an argument against supply and demand here? I’m trying to figure out what basic principles of economics I need to explain before I further engage.
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by notquitetrue 3y ago
Say my friends and I own a business that will be affected by something Congress is considering. So we hire a lobbyist to go inform the politicians about that. How is that not people exercising their First Amendment rights? Our livelihood de
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by notquitetrue 3y ago
You’re not entitled to use Elon’s satellites. And in reality, the service is aggressively priced. It seems they only started breaking even a few months ago. Also, costs are not geographically uniform. They need regulatory permission to oper
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by notquitetrue 3y ago
I gather they are taking a loss on user terminals and hoping to recover it on monthly payments.
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by notquitetrue 3y ago
You’re forgetting the part where they launch and operate thousands of satellites and many earth stations, as well as manufacture the user terminals. Oh and they have to write the software that makes the whole thing work.
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by notquitetrue 3y ago
> Large business wastes just as much money as govt, but when a business makes a mistake they just stop talking about it. In govt it ends up on CSPAN. The other difference is that the business has to compete with other businesses and tur