Monopoly and Competition

What the Microsoft case implies about government power.

Washington's arrogant attempt to divert the market process. 

How bad theory is employed to call Microsoft a monopolist. 

Government is prosecuting success, at the behest of marginal producers.

Government is trying to grant Microsoft's competitors a monopoly. 

 Why should attorneys be given special legal privileges?

Let us just say we abolish all federal labor law. What happens then?

The Microsoft Corporation's continuing difficulties with the Department of Justice, even after an appeals court ruled in the company's favor, reveal the absurdity of attempting to apply 19th-century antitrust law to a 21st-century computer and telecommunications marketplace.

Former FTC Chairman James C. Miller III, tells the story of how, in the early 1980s, Chrysler head Lee Iacocca requested that the FTC block a proposed joint venture between General Motors and Toyota. The request was denied. GM and Toyota formed the New United Motor Manufacturing Corporation. Iacocca entered into his own joint venture with Mitsubishi.

Antitrust bureaucrats have been running roughshod over free enterprise for more than a century, imposing themselves between consumers and companies at the behest of envious competitors. Antitrust sums up everything that is wrong with the state.