Antitrust

California Government’s Myopic Antitrust Action Against Amazon

Amazon has made its platform so attractive to third-party merchants that large numbers of them willingly pay a premium in order to continue to use Amazon’s platform.

Microsoft: Out of the Fire and Back Into the Frying Pan

First the good news: The new administration's officials in the Department of Justice have decided not to murder the Microsoft Corporation and carve up its corpse. Now the bad news: They have chosen the more humane option of slow torture. The Justice Department's new...

How Microsoft Competes

Beside Bill Gates, what does Microsoft have that contributes to their success? The authors spent a couple of years trying to find out. Their conclusions: seven complementary strategies and a small set of basic principals of operation. First, find smart people who know...

Microsoft Assault is an Inept Stab at “Industrial Policy”

The federal government's persecution of Microsoft is a travesty--the worst combination of third-rate economics and special- interest politics. Last year's ruling against the company may be a victory for envy-driven bureaucrats at the U.S. Justice Department, but it...

California’s Antitrust “Deregulation” of the Power Industry

The power crisis in California now threatens to shut down Silicon Valley--and if Silicon Valley goes, it could end up shutting down America's economy. To save itself -- and the rest of us -- what should California do? That depends on what the problem is. Some say the...

Microsoft and the Mythology of Anti-trust

The biggest question about anti-trust law is whether there really is any such thing. There are anti-trust theories and anti-trust rhetoric, as well as judicial pronouncements on anti-trust. But there is very little that could be called law in the full sense of rules...

Microsoft and Liberty

Think about the government's case against Microsoft and, just as importantly, it's implications for our liberty. Let's ask a general question just to get started. If there's an act we all agree is immoral and unacceptable when done by an individual, does that act...

Is Microsoft a Hypocrite?

I was saddened to see the lead article in last Tuesday's (12/5/00) Wall St. Journal "Microsoft Tries to Lob Monkey Wrench Into AOL-Time Warner Deal." In the story, reporters alleged Microsoft might be cooperating with the Federal Trade Commission to provide evidence...

The Microsoft Saga

In a decision generally hailed as a victory for Microsoft, the Supreme Court rejected the government's plea to hear a direct appeal of the government's Antitrust case against Microsoft. In April, Judge Thomas Penfield Jackson ruled that Microsoft had violated...

The Antitrust Craze

Most of us can name no more than a dozen antitrust prosecutions under the Clinton Administration. However, since 1994, the Department of Justice has filed over 500 antitrust suits against American companies. The majority of suits went unnoticed, and only a select few...

Antitrust Morals and the Success of Tiger Woods

Tiger Woods' remarkable run of success continues. In winning the last three major tournaments, two by record margins, he set new standards of golfing excellence while his competitors fought over second place. Some media commentators have wondered whether his success...

Abolish Antitrust!

Good afternoon.I want to address four issues regarding anti-trust as they apply to the Microsoft case.Anti-trust Paralyzes the Thinking ProcessIn my research on the traits of great wealth creators (The Prime Movers: Traits of The Great Wealth Creators), I identified...

Mythical Roots of Antitrust: Definition Unnecessary

The antitrust laws and their enforcement are every bit as arbitrary as the "perfect competition" doctrine. Consider only those provisions relating to price setting. If a business sets a price above the prices of its rivals, it can be charged with "intent to...

Mythical Roots of Antitrust: ‘Perfect Competition’

Antitrust law relies heavily on flawed economic theory--particularly its theory of competition. It's a view held explicitly or implicitly by most economists, politicians, and journalists. It's been taught for decades in the universities. Unfortunately, it's also a...

Mythical Roots of Antitrust: Economic Power vs Political Power

From the time great business leaders were first maligned as "Robber Barons," socialists have tried to obscure the difference between economic power and political power. They've insisted, against all evidence, that productive giants such as Andrew Carnegie, John D....

Mythical Roots of Antitrust: Preface

Most of you will recall the scandal during the winter Olympics a few years back, when disgruntled skating competitor Tanya Harding hired a thug to take a pipe to the shins of Nancy Kerrigan. Harding was envious of Kerrigan's superior ability and tried to cripple her...

Orrin Hatch reveals how antitrust laws are tools for power lusters

In a recent speech to businessmen at a technology industry conference, Senator Orrin Hatch (R-UT), a long-time proponent of breaking up Microsoft, stated that he supported "strict enforcement of antitrust laws" because they are "essential to the health of the economy...

Assault Microsoft, Assault the NASDAQ

Earlier this month US District Court Judge Thomas Penfield Jackson issued his "conclusions of law" in the Microsoft antitrust case. BAM! Nearly $90 billion in value was destroyed--at Microsoft alone. The firm's stock plunged 14%. The broader NASDAQ index fell...

Microsoft Breakup Is a Throwback to Socialism

Only a month ago, the Justice Department filed its motion that the Microsoft Corporation be broken into pieces as a "remedy" under the antitrust laws. The government wants to split the company into two pieces, one to make the Windows operating system, the other to...

Bill Gates Failed to Make a Moral Self-Defense

Locke said that the only way Gates can fight government prosecutors is for the Microsoft founder to “assert proudly his right to his own existence — which means: the right to do business not as a public servant but as an individual with inalienable rights.”

Microsoft’s Real Sin: Sanction of the Victim

Like other antitrust targets, Microsoft, is guilty--of something. They're guilty of something terrible. They're guilty of believing they're guilty. They're guilty of believing they're evil. They're guilty of apologizing for they're success, for their sales, their...