How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 481.60

-1.7%

2:18 PM EST

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To: Hal Rubel who wrote (8217)	6/2/1998 11:05:00 AM
From: Daniel W. Koehler	Read Replies (1) of 74651

Hal <<In fact, Microsoft would not even have been able to build and harvest the blessings of the monopoly it currently enjoys if it were not for the body of regulations that govern commercial activity in our society>> I assume you are referring to contract law, the uniform commercial code etc rather than antitrust regulation. If not, then I think we are confusing the batboy with the batter. Government regulation, imo, hobbles the free market in allocating resources and capital most efficiently. If laws are broken, we have the tort system where individual claims may be brought and rule of law may work. The rule of law, imo, does not contemplate proactive market intervention before fact. Government should be neutral in the marketplace. Otherwise, the fallacy is that regulators know better than the market what the plethora of individuals making up the market want and need. And that, imo, is the arrogance of regulation and a fundamental violation of individual liberty. It's like the batboy compelling Babe Ruth to bat right handed or else sit on the bench. That's one arrogant MF batboy! Long Msft. Short Nscp Ciao, Daniel

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