The Ledger 03/28/14
The Ledger 03/28/14
The Ledger 03/28/14
perspective, foreign websites offer significant cost savings relative to US websites, and these savings attract US customers despite the FDA warning about risks of buying from overseas.
In other news
Netflix wants the benefits of the Internet with none of the costs. Bret Swanson: Netflix appears to want consumers to pay for both their own connections and Netflix's connections. Moreover, depending on the pricing plans of the broadband providers, lots of consumers who are not Netflix subscribers will be subsidizing its business. Shouldn't Netflix subscribers pay Netflix's costs? Is inequality an outgrowth of capitalism? James Pethokoukis: Thomas Piketty is making a different and broader argument, one that intentionally rises to the level of grand theory: Embedded within the very fabric of capitalism is a powerful force pushing in the direction of rising inequality. The income generated from owning capital (everything from real estate to financial assets to intellectual property) tends to exceed the rate of economic growth.
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