George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Biden’s latest executive order provides a modern illustration of “newspeak” in the 21st century.
The only real monopoly is the government itself or a business given a special privilege by the government.
We can keep the term “monopoly,” but it should be reserved for describing those government-created and sanctioned dinosaurs like the US Postal Service.
“Monopoly” means either “the only firm in an industry” or “a firm with explicit, government-granted privileges that prevent other people from competing with it.” Google doesn’t fit the bill.
Antitrust legislation is an example of the government’s improper use of political power.
The tales of MySpace, AOL and Yahoo’s fall from glory shows how spectacularly wrong tech analysts can be, and how complex the machinations of a market economy are.
Hipster antitrust taken to its logical extreme involves the government using its power over firms to make them do whatever politicians feel like.
Had the government regulators not approved Bayer’s acquisition of Monsanto, human flourishing would have diminished.
The Public “Flogging” of Facebook’s Mark Zuckerberg
Many cities have granted monopoly power to taxi companies — the right to prevent entry by others.
Google is not limiting competition but creating it, through its own innovations that others are free to try to surpass.
New rivals who want to enter the Internet services market and are not putting together big data sets cannot claim that they have a right to the established companies’ data—they have done nothing to deserve access to it.
Since people can search through other sources besides Google, it is not at all clear why Google cannot run its own operation for its own benefit, while others run their operations for their own benefit.
Congress continues to fiddle while the United States Postal Service (USPS) burns. The union for postal employees is upset that the postmaster general wants to cut 35,000 jobs. Many Americans are upset that the USPS wants to close 3,700 post offices. The postmaster...
The European antitrust regulator has announced last month that it will fine Intel Corporation $1.44 billion (1.06 billion euros) because it "harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for...
Yahoo! has just released its first-quarter earnings numbers, and neither the market nor analysts are impressed. What will be the company's next move? Multiple suitors claim that they can leverage Yahoo!'s online products and talented employees better than Yahoo!'s...
According to the Onalaska Life Newspaper, millions of dollars worth of vouchers that were part of Microsoft's settlement of a Wisconsin class-action antitrust case remain unclaimed. The settlement requires Microsoft to make available to class members up to...
Below is a quote from Washington Post business columnist Steven Pearlstein excerpted a column he wrote on Google titled "How Much More Should It Be Allowed to Grab?" [P]recisely because of its success, it's fair to ask if Google should be barred from furthering its...
Science education is a frequent topic in the news these days. Earlier this month, Microsoft announced a campaign to improve math and science education in the Seattle area. According to Brad Smith, a senior vice president and general counsel for Microsoft: "We're very...
In defense of its virtues, in exasperation of being cut down and cut down again, Microsoft should simply declare that it seeks the abolition of antitrust, and refuse to rest until these laws are repealed–or risk fading into obscurity. If Microsoft takes this righteous stand, it will be known for both leading the PC revolution, and for leading a far greater revolution in American business.
Antirust law creates huge financial incentives-for the people who file antitrust suits. Consider the case of Lloyd Constantine's recent award of $220 million dollars as lead plaintiffs counsel in the Visa International Service Association/MasterCard Inc. antitrust...
Sarbanes-Oxley is a moral and economic atrocity. It is past time to repeal this monstrous law and start treating businessmen as American citizens: innocent until proven otherwise.
Antitrust settlements are a lot like shark chum--they attract predators instead of staving them off. Consider the case of Microsoft. Microsoft chose to settle an antitrust suit brought by the California class action bar to the tune of $1.1 billion dollars in software...
According to Kenneth W. Starr in his Feb. 19 Washington Times Op-Ed column, "A stitch in crime," the Microsoft antitrust settlement contains loopholes that allow Microsoft to avoid competing in the marketplace on the merits. Yet rather than attack Microsoft, perhaps...
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