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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (4343)	5/17/2000 4:51:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 5853

Gidday Bernard, if MSFT subsidizes poor quality stuff to get it into use, he will deplete his resources. Doing that will result in a succession of failed efforts and eventually the loss of the source of the profits to do the subsidizing. $ill can't buy it all. Standard Oil was, as far as I know, a private monopoly with no government protection but I don't actually know that's true. But so what? It is alleged to be axiomatic that Standard Oil needed to have their trust busted. I don't believe that is true. There would have been leakage around the edge of the monopoly and competitors in a thousand ways would spring up to erode their monopoly and prices. AT&T was actually a government monopoly and nobody else could string wires down the street in competition as the government wouldn't allow it. It is only now that utilities in NZ are starting to maybe pay a bit of a fee to the local councils who allow them to run their services over or under council land. It has previously been free and no competitors allowed. It will be the same elsewhere. All that was needed was to fully deregulate and privatize telecommunications then let the wonders of the market, competition and creativity sort out who produced what and who bought what. How many trusts have actually been busted in the past century? Just enough to keep the trust busters in the manner to which they have become accustomed? Every transaction is a transient monopoly. That's a simple fact of life. Apparently it's only the big transient monopolies which get people excited though their actual economic impact is trivial and they for the most part charge nothing specially extorquerationate anyway. MSFT software for example is absurdly cheap! It should be $30,000 if functionality was the determinant. Go $ill! Mqurice