#771 in Business & money books

Reddit mentions of The Idea Factory: Bell Labs and the Great Age of American Innovation

Sentiment score: 3
Reddit mentions: 4

We found 4 Reddit mentions of The Idea Factory: Bell Labs and the Great Age of American Innovation. Here are the top ones.

The Idea Factory: Bell Labs and the Great Age of American Innovation
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Found 4 comments on The Idea Factory: Bell Labs and the Great Age of American Innovation:

u/jjmc123a · 3 pointsr/politics

Interesting. The modern world was pretty much created by a monopoly. AT&T needed to automate their telephone system. So they (Bell Labs) invented electronic switching (and the transistor) and in the process the entire purification of materials industry that lead to the computer world. Cool book The Idea Factory

u/kapsar · 1 pointr/Economics

Please provide an example where there is no net neutrality and everything is fine? Please also include the number of average providers any given customer has. Because even in a place like the Netherlands, which has extremely robust competition for broadband in most major cities (access to as many as 6 providers) they have even stronger net neutrality laws than the US does. on the other hand, there's the image from MEI, a Portuguese Mobile ISP that has packages based on the website access you want. Portugal does not have Net Neutrality.

As for your rebuttal, I didn't call you stupid, I said you didn't know anything about the history of the technology. Those are two very different things. I've done a great deal of reading on the history of the internet and am extremely interested in it. I would rather have an extremely strong market place that allow massive amounts of competition. Title II NN is a band-aid to address a policy regime issue started through lobby at the state and municipal level by companies like Comcast.

Market forces are driving industry consolidation within the ISP space and across markets. Which is the reason why Comcast moved from solely being an ISP to being a content creator with purchases of things like NBC and Universal (and looking to acquire more). So, the market behavior indicates market failure rather than a free market. With these pushes by the FCC it indicates regulatory capture and looking at the fully policy landscape there are anti-consumer measures across the spectrum, which indicates federal intervention is required to increase competition.

If the desire is to allow these monopolies to exist, then they need to require them to behave better than how they have been behaving. Breaking them up isn't always good. After the break up of AT&T prices rose. But, AT&T always knew that there was a risk of break up, which is why they intentionally invested so heavily in Bell Labs which essentially resulted in the internet.

> If your gripe is with the non-enforcement, then why would new laws change anything? Since by that logic, the law won't be enforced anyway?

New Laws provide legal teeth for organizations like the EFF to sue when the law has been broken and to provide amicus briefs to support the cases that do go before courts. It also provides a stronger footing for when suits are brought to the court.