Hong Kong's new government appears to be losing its inhibitions about contradicting market prices, favoring some industries over others, and using taxpayers' money to dispense windfall profits to those in favor. The deal recently signed with Disney to build a theme...
MARKETS
Clinton, the WTO, and Economics 101
What do the World Trade Organization protesters, President Clinton, and the Microsoft judge have in common? Answer: an almost appalling ignorance of Economics 101. The World Trade Organization, a consortium of 135 nations, met in Seattle to discuss ways to increase...
Judge Thomas Jackson’s Findings of Fiction in the Microsoft antitrust case
Judge Thomas Penfield Jackson has released his "findings of fact" in the Microsoft antitrust case. While his report did contain some correct information--such as the truism that a successful company tries to defeat its rivals--the central claims of his report are...
The Department of Justice’s Antitrust Assault on Microsoft: Who is the Predator and Who is the Victim?
Microsoft did not gain its market share by having the government outlaw its competitors: Microsoft earned its position in the free-market as the result of freedom of competition. Microsoft is not a predator; Microsoft is the victim.
The Conservative-Marxist Origins of Antitrust
Part 1 of 6 in a Series of articles on Capitalism, Free-competition, Antitrust, and Microsoft The following article is an adaptation of a lecture Mr. Salsman gave at Harvard University, in May of 1999. The print version has been edited lightly in order to retain it's...
Minimum Wage, Maximum Stupidity
Warning: Over certain issues, otherwise intelligent people may, repeat, may suffer instantaneous, and often irreversible, brain-freeze. Take the minimum wage. The City Council in Santa Monica, Calif., a town also known as "Moscow on the Pacific," just voted...
When Will the Bubble Burst?
As the inflation-induced appearance of wealth is made to substitute for the fact of wealth, the boom gives rise to a consumption that takes place at the expense of essential saving and capital accumulation and thus serves ultimately to cause impoverishment.
The “Bubble” Theory is Full of Hot Air: A Case Study in Japan
What the market at large did not foresee [which] perhaps could be called a ‘widespread error in thinking’, was that Japanese politicians would [take] political issue [with] the quickly increasing prosperity.
Attacks Against Microsoft Immoral
On March 3, 1999 Bill Gates will testified before the United States Senate Judiciary Committee to defend Microsoft against-anti trust charges. Prior to Gates's testimony, activist Ralph Nader will be mobilizing his "public citizens" to condemn Microsoft's practices....
Minimum Wage: Yet Another Republican Retreat
Every so often, without fail, the Republicans remind me why I don't join the party. A recovering drug and alcohol abuser, living in the streets, recently told me the following story. One day, in desperate need of money, he went to the owner of a convenience store. The...
Who Decides What Goes into Microsoft’s Windows OS?
Q: Don't consumers have a right to buy Microsoft Windows without Internet Explorer? Does not Microsoft's bundling of their products (i.e., Microsoft Internet Explorer and Microsoft Windows) into one package disrupt a person's right to only have to pay for products he...
Microsoft and Creativity
I frequently read condemnations of Microsoft. It would be futile to put myself in the position of the Simpson prosecution, lending credibility to fantasies by treating them seriously. But some accusations have a surface plausibility, particularly to readers not versed...
Reisman Responds To A Review of “Capitalism: A Treatise on Economics”
The Review of Austrian Economics (RAE) recently published a review of my book Capitalism: A Treatise on Economics that, while praising my book to some extent, seriously misrepresents or altogether ignores major portions of it.
Bork and Dole join the forces attacking Microsoft
The following question was emailed to Glenn Woiceshyn, by an ABC reporter, regarding the government's assault on Microsoft. Reprinted below is Glenn's reply.Q: What do you think of the latest addition of Bob Dole and Robert Bork to the anti-Microsoft team? Do you...
On Microsoft and Monopolies
Monopoly is a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force.
Software Rights, Browsers, Netscape, and Microsoft
One reader has wondered whether the recent attacks on Microsoft stem from the fact that software intellectual property rights are not predominantly protected by patent law, but rely in part on copyright law. The reader said this in context of a suggestion that...
Bill Gates Begging Alms: Rekindle the flame for those who support Microsoft
Envy has destroyed great men in the past, and it might destroy a great man today.
Michael Milken: Guilty of Success and Victim of Non-Objective Reporting
Fischel demonstrated that the “crimes” Milken allegedly committed were mere bookkeeping infractions which violated no legitimate rights and harmed nobody.
Payback: The Conspiracy to Destroy Michael Milken and his Financial Revolution, by Daniel Fischel
Fischel’s thesis is that Milken was a financial genius who fell victim to envy and became the scapegoat for economic disasters caused by the government.
Microsoft is Successful Because It is Competitive
Bill Gates, Microsoft's founder and Chairman, had to testify before the Senate Judiciary Committee this week because his competitors, the government, and his other foes have manipulatively vilified him. They unjustly characterize Microsoft's dominance in computing as...
A Petition To Stop The Persecution of Microsoft
The grassroots petition ended up receiving over 30,000 online signatures as part of an initiative launched by Mark Da Cunha for the Moral Defense of Microsoft.
A Double Standard of Justice Toward Microsoft
In 1988, Microsoft offered manufacturers of personal computers a considerable discount on the licensing fees they pay to install MS-DOS and Windows operating system on new PCs prior to their leaving the factory. In exchange it required manufacturers to pay for each...
Antitrust Against Justice
The suit against Microsoft by the U.S. Department of Justice is, in fact, a grave act of injustice. To understand this, it is necessary to look at the background and legal context of this case. America' antitrust laws are highly ambiguous. They create offenses for...
The U.S. Government’s Assault on Microsoft
The U.S. Department of Justice (DOJ) recently accused Microsoft of violating U.S. antitrust laws, and asked a federal court to fine Microsoft an unprecedented 1$ million per day until the "violations" cease. Microsoft's "crime" was to include its Internet Explorer...
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