Monopoly and Competition
Antitrust and Microsoft
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.
Antitrust for Fun and Profit
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.
Blocking Prosperity
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.
Pile on Microsoft
Scrooge came in the form of government last year. The company Bill Gates built into the planet's leading money machine is still the target of a federal probe and a senate inquiry. The charge: anti-competitive behavior.
Reno and the Potato Heads
Today's antitrust enforcement reduces tragedy to farce. A federal judge recently upheld the Federal Trade Commission's charge that Toys R' Us conspired to prop up the price of Mr. Potato Head. Why? Because the retail outlet liked to make exclusive deals.