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Comment by scarface74 | Hacker News Reader

It kills me that a website full of well paid people in IT who all benefit from the free market always cry for regulation.

I guess you don’t realize how many people in middle America would love to “tax the rich” and if you’re making six figures “they” consider you rich.

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So it's ok to regulate telephony companies and cry out when they oppose net neutrality but it's just rage against the rich when people decry AMZN or MSFT that build the same services that their customers previously built on their infrastructure? It would be easy to make them decide - you either provide raw compute or you provide specialized P/SaaS (databases, etc.). Sure you could own two companies (IaaS and P/SaaS), but you would have to let other P/S on your Infra, without prefering anyone else. Result? Less vendor lock-in because of forced standarization between layers.

The cell phone carriers have never been regulated by net neutrality and I’m okay with that. There are four major national carriers, if one carrier is customer hostile, another carrier will pick up the slack. We saw just that with the rise of T-mobile.

Most people only have one company offering terrestrial internet. So yeah that should be regulated. It’s considered a natural monopoly.

Companies don’t have to depend on the major cloud providers - but there are at least three major ones and IBM and Oracle are making a play. There are even smaller providers that just host VMs like Linode. I can easily imagine Linode partnering with companies to provide managed services.

On top of that cloud providers hosting servers is dwarfed by the number of companies who are using colos. There are plenty of business opportunities out there.

So no, I don’t think that you should have regulation to protect a business model. Government regulation and monopoly regulation in particular was meant to prevent harm to consumers.

But you really trust the government to have sensible technology regulation?

As an aside, if you make six figures, you are rich.

I’m not disagreeing with you. But you would be surprised at how many people in the HN SV bubble think that all developers living anywhere in the country who are only making $100-$150K are living in trailers scraping by.

Agreed. Plus many six figure salaries are attached to equal or greater amounts of equity, 401K match and typically low cost health insurance. So while it’s not jet-set wealth it is more than enough to have a very comfortable life with few things out of reach for you.

The problem with crony capitalism is the crony part, not the capitalism part. So I agree that laws (usually passed by people with more self-interest than understanding) are almost never the optimal solution, by definition. Trouble is that we don't actually have a true free market, so the question becomes what is the best real-world solution, given the distortions/limits of the existing system?

I trust the capitalist a lot more than the government. Capitalist are motivated with making money the transparent way - people give them money and they give people goods and services.

The government is ruled by cronyism and even worse cow tow to people’s worse instincts, superstitions, and prejudices.

I like money as much as the next person, but your statement could perhaps stop at "Capitalist are motivated with making money" and still be mostly true. The other parts are optional.

The function of government is to make sure those other parts happen - that the capitalist doesn't take the money and not provide the goods (the courts, the police) or provide goods in one place at a low price by dumping toxic shit in another hurting people (EPA), tell you lies and get you to invest in their firm (SEC) or a million other examples. The burden in burdensome regulations is in the eye of the beholder.

Also remember that (at least in a democracy) we are the government. If you don't like what they're doing, vote the bums out. It's a little harder to vote out the plutocrats.

We are not a democracy. We are at best a Republic. A democracy would be one vote one voice. But in the Senate, there are two Senator for Wyoming (population 540,000) that have the same vote as the two Senators from California (population 39 million +). On top of that you have gerrymandering.

If you live in a populous city in a populous state your vote is worth much less than someone who lives in a rural city in a less populous state.

You’re also assuming as a fact that the court system and the police are not corrupt and can be trusted...

True capitalist just takes your money and does not give you anything since they like money so much.

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