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Beyond Saving's picture

A History of US Economic Law Part 7: Regulating the Railroads

 In the mid to late 1800's railroads were the cornerstone of the US economic boom since they quickly became the dominant form of transportation. Naturally, a good portion of the wealthiest Americans were men who owned railroads, since no matter what sector of the economy was growing products, people and raw materials had to be shipped from one side of the country to the other. By the end of the century, small railroads were failing or being bought up by the larger railroads and the industry was in the process of consolidating. This left many parts of rural America with a single railroad providing service either because they didn't have enough to ship to make two railroads profitable or all the railroads in the area were owned by a single person/corporation. 

It was common practice for large shippers like Rockefeller's Standard Oil to get discounts well below the normal freight rates say a small farmer would get. I'm sure you can see why a railroad would be willing to accept a much smaller profit per car from a company that filled a predictable and large number of trains on a daily basis and the farmer who purchased a few cars irregularly. Most railroads also charged more for short distance hauls than for long distance hauls, which many small/regional businesses saw as discriminatory towards them. While Rockefeller had more money to negotiate with, the farmers had more votes and was a pretty powerful constituency, demand for railroad regulation became prevalent by the end of the 1800's. 

ex-minister's picture

Argument From Being In So Much Fucking Pain

 In 1998 I was diagnosed with NHL. So much easier to type that than non-Hodgkins Lymphoma, not only because of its brevity but it seems to make it easier to disassociate myself from it. I went though 6 chemo treatments and went into remission for a decade plus.

Louis_Cypher's picture

Lesser gods

 I think your god is too small for me, too weak, too…human.

He has anger issues, and jealousies. He needs constant reassurance of his own godliness. He’s petty and cruel (just ask Job’s family). He’s a poor judge of character, just look at his favorites, his patriarchs, Murderers, liars, thieves and incestuous to boot.
He’s a sexist, misogynistic in the extreme.  

He seems obsessed with genitalia, snipping, clipping and hiding them. He’s capricious and malign, hardening hearts for the sheer pleasure of meeting out punishments. His sadism knows no bounds (Here, Abe, kill your only son for me…just kidding, slaughter this sheep instead.)

Louis_Cypher's picture

I LOVE the Scientific Method

 I Love the Scientific Method…


You get an idea, a grand inspiration and you spend years nurturing it, developing it, testing it over and over and examining it from every angle you can think of. Finally, after exhausting all your physical, emotional and frequently financial resources, you present your idea, your theory;  your baby to the world.


The first thing that happens, the VERY first thing is a whole raft of other people in your specialty, friends, colleagues perhaps even your old grad school room mate do everything in their power, bring all their collected intellects, resources and time and focus it all on ripping your baby to shreds before your eyes .
Before the ink is dry on the publication, before you can say ‘peer review’, your life’s work can lay in tatters at your feet.


And if it still lives… if you can retrieve the pieces of your professional dignity and the remaining bits of your masterpiece… even if it survives the feeding frenzy that is peer review, there will always be critics, trailing like remora, feeding off of any tasty chunks they can pry off.

That’s the way it works… only the strong survive, Darwin’s Theory in academia. Speaking of which…

Beyond Saving's picture

A History of US Economic Law Part 6: MONOPOLY!!!

The Climate

Post Civil War America created the perfect conditions for the development of massive corporations and the emergence of a few men as the captains of industry or the more derogatory term robber barons. This is due to a variety of factors- labor became extremely cheap with a multitude of former slaves now faced with the unenviable position of having to provide for themselves and their families with no education, facing extreme racism and absolutely no significant personal property. Many of them headed north in hopes of getting jobs in factories or west in hopes of getting jobs building railroads and were willing to work far cheaper than whites. Add in large populations of Chinese were immigrating in due to economic problems in China and soldiers returning from war looking for new work and you have the ingredients of a depressed labor market. 

Another key factor was the railroads which had expanded dramatically to assist the war efforts of both sides leaving a new, faster and cheaper form of transportation throughout most of the east and was ready to expand west. Taking advantage of the cheap labor railroads quickly expanded, both privately and through government projects making it possible to exploit the natural resources in large areas of the midwest and eventually the rockies that were previously too far away to be useful. Areas that once took months to reach by wagon were could now be reached in days. Led by the railroads, virtually every industry experienced a boom; especially agriculture, steel, coal and oil. 

Vastet's picture

I'm back

Long story short, a former roommate screwed his own credit rating just to get revenge for being evicted for being a fucking idiot. 16 days later I'm back online and he still owes the cable company $300+.

Personally, I'd say I won. Hell, no net gave me the opportunity to play a game I'd picked up recently and never got around to playing while I had net: Final Fantasy Tactics. I must admit it's a pretty sweet game.

Anyways, I'll just get back to my religion bashing and spam removal.
Eye-wink

Beyond Saving's picture

A History of US Economic Law Part 5: Public Works

 With the death of President McKinley on September 14th, 1901 Theodore Roosevelt was sworn in at only 42 years old- he remains the youngest president we have ever had. President Roosevelt was very ambitious and had the perfect conditions to push through much of his agenda. He took over after the death of a popular president in an economy that was booming and both the House and Senate were held by comfortable republican majorities. President Theodore Roosevelt was able to effectively spend his political capital to promote a variety of progressive policies. He promoted his policies under the moniker of the "Square Deal" claiming that they did favor any particular group but were fair to all.   

 

I want to start by discussing two massive public works projects that were initiated early in Roosevelt's presidency. The Newlands Reclamation Act and the Isthmian Canal Act (what we now call the Panama Canal).

 

The Newlands Reclamation Act was a law that federalized irrigation projects in the desert areas of the west. It gave substantial control to the Secretary of the Interior to irrigate public lands (most of the west was publicly owned at the time) and then sell those lands to people with the requirement that at least half of the land is farmed. The proceeds from the sale would then be spent on more irrigation projects. 

Louis_Cypher's picture

The origin of Religion...

 

 How religion came to be.


Human beings have a strong will to survive, an instinct that is ‘hard wired’ into the fiber of our bodies. (1)

We also have certain knowledge of our own mortality; we know that like our ancestors, we are going to die at some point.

This causes a crisis in the mind, which many resolve with a functional self-delusion, that of an Afterlife.

Louis_Cypher's picture

Logical Faliciousness

 This expands on a recent comment on a recent posting here...

 

A lot of people when debating or arguing on this and other forums will toss out the name of a Logical Fallacy as if that in itself is a show stopper.

Some of the favorites are;

Ad Hominem, something that gets thrown in to block any derogatory commentary, but it isn't the game ender people hope for. 

If I say "Your arguments are wrong BECAUSE you are an asshole." 

THAT is an Ad Hominem.

If I say "Your arguments are wrong AND you are an Ass Hole," 

That is an Observation.

Being an asshole doesn't mean one can't be right on any particular issue, just as being right on an issue doesn't mean one is NOT an anal orifice.

Hitler loved dogs and built great highways. (reducto ad Hitlerium)

It's also NOT an Ad Hominem to point out that someone is not qualified to speak on an issue. Kent Hovind comes to mind, a self aggrandizing fraud, who claims educational experience he simply does not have. Pointing out that he is not qualified to speak on scientific matters is NOT an Ad Hominem.

To paraphrase Bill Maher, In a discussion about science, the non scientist simply doesn't get a vote.

 

Louis_Cypher's picture

Declaration

The War on Religion

  Some may have noticed a certain 'slant' in my postings of late and I feel a need to explain and in so doing, I need to digress.
War on Religion
I've noticed that the words "Liberal" and "Liberalism" have been fairly well 'Swift Boated' in the media and in public discourse.

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