Last week I wrote:
Full-out patent war against an equally matched competitor means mutually assured destruction … so large companies inevitably settle and use their patents to keep new innovators out.
As if to prove my point, Fortune quotes Oppenheimer’s Yair Reiner who says that is exactly what is happening:

Facebook has decided it better ramp up a larger data storage facility in Prineville, Oregon. According to the Wall Street Journal, the company will spend $175 million building 145,000sf over the next three years. Facebook paid $3 million for the 124 acres last year, so the lion’s share is going into the building–almost $1,200/sf.That cost per square foot is reminiscent of high-rise condo prices per square foot at the top of the housing bubble.

Our special edition of this Human Action chapter is in, priced ridiculously low for massive distribution.Join the discussion and post a comment

If we know what the Old Right was against, what were they for? In general terms, they were for a restoration of the liberty of the old republic, of a government strictly limited to the defense of the rights of private property. FULL ARTICLE by Murray N. RothbardJoin the discussion and post a comment