The Difference Between Direct Competition and Disruption — As the ships grow, their engines have become vastly more efficient and sophisticated, the fuel mix has changed, and complex IT infrastructure has been put in place to coordinate the movement of the containers and ships. But fundamentally, the underlying cost structure of the business has not changed from 1950, when the first container ships carried a mere 500 to 800 containers across the world. (via Salim Virani)
The Impact of Copyright Policy Changes on Venture Capital Investment in Cloud Computing Companies (PDF) — Our findings suggest that decisions around the scope of copyrights can have significant impacts on investment and innovation. We find that VC investment in cloud computing firms increased significantly in the U.S. relative to the EU after the Cablevision decision. Our results suggest that the Cablevision decision led to additional incremental investment in U.S. cloud computing firms that ranged from $728 million to approximately $1.3 billion over the two-and-a-half years after the decision. When paired with the findings of the enhanced effects of VC investment relative to corporate investment, this may be the equivalent of $2 to $5 billion in traditional R&D investment.
Max Headroom Oral History — “Anybody under the age of 25 just loved it. And anybody above that age was just completely confused.”
Auto Makers Say You Don’t Own Your Car (EFF) — Most of the automakers operating in the U.S. filed opposition comments through trade associations, along with a couple of other vehicle manufacturers. They warn that owners with the freedom to inspect and modify code will be capable of violating a wide range of laws and harming themselves and others. They say you shouldn’t be allowed to repair your own car because you might not do it right. They say you shouldn’t be allowed to modify the code in your car because you might defraud a used car purchaser by changing the mileage. They say no one should be allowed to even look at the code without the manufacturer’s permission because letting the public learn how cars work could help malicious hackers, “third-party software developers” (the horror!), and competitors.