...i recall a debate in the net neutrality thread about this...
http://www.forbes.com/feeds/ap/2008/...ap5458185.html
Kentucky is asking to be given control of the top online gambling websites. Their reasoning is that Kentucky's famous gambling industry sees competition from the websites, who don't pay taxes. And the governor dislikes that the websites aren't creating jobs in Kentucky. And so the man whose health insurance and mahogany desk were paid for by the citizens of Kentucky proceeds to decry the online websites as "leeches".
This is "political entrepreneurship", in which business seeks profit not by competition, but by trying to get political intervention on their behalf.
If Kentucky actually gets permission, it's going to set an awesome precedent.
http://www.forbes.com/feeds/ap/2008/...ap5458185.html
Kentucky is asking to be given control of the top online gambling websites. Their reasoning is that Kentucky's famous gambling industry sees competition from the websites, who don't pay taxes. And the governor dislikes that the websites aren't creating jobs in Kentucky. And so the man whose health insurance and mahogany desk were paid for by the citizens of Kentucky proceeds to decry the online websites as "leeches".
This is "political entrepreneurship", in which business seeks profit not by competition, but by trying to get political intervention on their behalf.
If Kentucky actually gets permission, it's going to set an awesome precedent.
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