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From: Lynn Wheeler <lynn@garlic.com>
Newsgroups: alt.folklore.computers,comp.os.linux.misc
Subject: Re: The joy of Democracy
Date: Tue, 22 Oct 2024 14:04:53 -1000
Organization: Wheeler&Wheeler
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Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
> As opposed to large corporations subverting and distorting the markets,
> as God intended.

claim was constitution setup patent system to protect new innovative
players from large monopolies (that nominally protect their status quo).

patent linquistic study in the 90s, found there was 30% of
computer/technology related patents with very ambiquous language filed
by patent trolls (setup be large status quo monopolies) in
non-computer/non-technology caterories

the troll entities had no activity for which they could be sued ... but
the trolls could sue other entities that appeared and might adversely
affect the status quo of large monopolies (subverting the original
purpose of the patent system) ... in addition to the trolls that were
strictly scamming the patent system for financial gain.

previous mention of the plutocrat gilded age 1870-1920 and
countermeasures (stil offline)
https://archive.org/details/triumphantpluto00pettrich
real paper copy
https://www.amazon.com/Triumphant-Plutocracy-Government-Economics-Autobiography/dp/1789873215

then the '29 crash. in jan2009 I was asked to HTML'ize the 30s (Pecora,
had been scanned the fall of 2008) senate hearings (resulted in many
prison sentances) with lots of internal HREFS and URLs comparing what
happened this time and what happened then (comments that the new
congress might have an appetite to do something). I worked on it for
awhile and then get a call that it won't be needed after all (comment
that capital hill was totally buried under enormous mountains of
wallstreet cash). wiki (and the actual scanned hearings should also
be there when wayback machine fully returns).
https://en.wikipedia.org/wiki/Pecora_Commission

One of the comparisons was the 80s S&L crisis resulted in 30k criminal
referrals and 1k prison sentences. Bush senior claimed that (while VP),
he knew nothing about Iran-Contra because he was fulltime deregulating
financial industry (resulting in S&L crisis)
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of the family (note there have been claims
that republican supporters not only paid the $50k fine, but also the
$26M settlement ... and Saudi's helped bail out the brothers)
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260

then after turn of century (one of the brothers, pres) Bush presided
over economic mess that was 70 times larger than the S&L crisis
.... proportionally should have had 2.1M criminal referrals and 70K jail
terms ... but instead we got "too big to fail", "too big to prosecute"
and "too big to jail".

-- 
virtualization experience starting Jan1968, online at home since Mar1970