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The US traded its manufacturing sector's health for its entertainment industry, hoping that Police Academy sequels could take the place of the rustbelt. The US bet wrong.

But like a losing gambler who keeps on doubling down, the US doesn't know when to quit. It keeps meeting with its entertainme…

The futurists were just plain wrong. An "information economy"
can't be based on selling information. Information technology
makes copying information easier and easier. The more
IT you have, the less control you have over the bits you send
out into the world. It will never, ever, EVER get any h…

The Supreme Court threw out these arguments in a 1984 5-4
decision, the "Betamax Decision." This decision held that the
VCR was legal because it was "capable of sustaining a substantially non-infringing use." That means that if you make a technology that your customers can use legally, you're n…