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...
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....
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...
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...
What do low interest rates have to do with causing the government to inflate the money supply?The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the 'Fed Funds rate'. This is the rate that...
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...
The consumers of computer software need the freedom of Bill Gates and Microsoft to produce and innovate in any branch of computer software they choose.
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...
Strikers must, however, recognize that employers possess options as well. An employer may refuse the pay hike, lock the workers out, and/or seek replacement workers.
The interstates were never the result of some individualistic, egoistic ‘love of the private automobile’, but rather of anti-capitalist, mixed-economy politics straight-up: the initiation of physical force for the sake of the greatest good for the greatest pressure group.
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.”
Urban Renewal disfigured cities because of the introduction of eminent domain into the land development process.
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...
The antitrust laws are based on the economic theory of "pure and perfect competition" and deeper, on the ethical theory of altruism, or self-sacrificial service to others. What do the laws require? What illegal behavior do they cite? What punishments do they...
The press coverage of Microsoft's antitrust trial, up through the testimony of the final witness, has conveyed one consistent theme: Microsoft is losing. Its witnesses, we are told, have been caught in inconsistencies; Bill Gates's videotaped testimony was evasive;...
The government is using people’s efforts to minimize the harm they suffer from rising prices to conceal the existence of those rising prices.
It May Be Bursting Now, and Faulty Economic Analysis Could Cost Investors Dearly
The morality of altruism or self-sacrifice is often presented as a form of benevolence, as if it simply means being nice to other people. But the actual meaning of this philosophy is a hatred of success. Under this morality, anyone who achieves some extraordinary...
Judge Jackson's visceral antagonism to business is also revealed by his condemnation of Microsoft for winning the browser battle against Netscape when "superior quality was not responsible for the dramatic rise [in] Internet Explorer's usage share." (Paragraph 375)...
Microsoft's achievements should be held up as a model of how to create and maintain a highly productive, innovative company. Yet Judge Jackson is unable to view any of these facts in a positive light. While Judge Jackson recognizes many of the concrete facts that...
United States District Court Judge Thomas P. Jackson is crystal clear in his recent "findings of fact": Microsoft is marked for destruction. But why does Judge Jackson want to punish one of the most successful corporations in American history? Because Bill Gates...
The judge's "finding of fact" in the Microsoft antitrust trial has declared the company to be a dangerous monopoly, which will now be open to punishment by the courts--including everything from regulation to a complete breakup of the company. This ruling will have a...
Judge Thomas Jackson’s decision against Microsoft is a travesty of justice.
Government should uphold and enforce market contracts–not violate freedom of contract by dictating the terms, changing the terms, or abrogating the terms of contracts
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