The principles that rule this blog

Principles that will govern my thoughts as I express them here (from my opening statement):

  • Freedom of the individual should be as total as possible, limited only by the fact that nobody should be free to cause physical injury to another, or to deprive another person of his freedoms.
  • Government is necessary primarily to provide those services that private enterprise won't, or won't at a price that people can afford.
  • No person has a right to have his own beliefs on religious, moral, political, or other controversial issues imposed on others who do not share those beliefs.

I believe that Abraham Lincoln expressed it very well:

“The legitimate object of government is to do for a community of people whatever they need to have done, but cannot do, at all, or cannot
so well do, for themselves — in their separate, individual capacities.”

Comments will be invited, and I will attempt to reply to any comments that are offered in a serious and non-abusive manner. However, I will not tolerate abusive or profane language (my reasoning is that this is my blog, and so I can control it; I wouldn't interfere with your using such language on your own!)

If anyone finds an opinion that I express to be contrary to my principles, they are welcome to point this out. I hope that I can make a rational case for my comments. Because, in fact, one label I'll happily accept is rationalist.

Tuesday, January 24, 2012

And another old corporate name dies: Goodbye, Eastman Kodak

And now, another long-famous corporate name has filed for bankruptcy. One far older than Borders, or Blockbuster, or Syms, or any of the other companies that have filed in the past few years. Sad to say, it seems that Eastman Kodak can no longer continue its existence and has filed. And while some people might say that Kodak was the equivalent of a buggy-whip company after the rise of the automobile, this really was not true. In fact, one of the few assets that Kodak brings to the bankruptcy proceedings to pay off its creditors is a collection of digital imaging patents that have substantial value.

So what did Kodak do wrong? For one thing, it did not, apparently, fully exploit those patents it had. Many of the Japanese camera makers, such as Nikon and Canon, seem to have made the transition to digital cameras work. (So did Fuji, whose background is in film, the other major product for which Kodak was known.) Was it poor management? Or the weak Obama economy? We will never, I fear, know for certain. But it's sad to see an old name like Eastman Kodak go.

No comments: