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Technology Stocks : DELL Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Nunn who wrote (1892)	9/8/1998 3:13:00 PM
From: nihil	Respond to of 2578

RE: favoring little guys I never said it would be easy to decide the cases. Some economists believe that "competition" means "perfect competition", and anything that leads to zero profits and product standardization increases competition. Others believe that "competition" means "monopolistic competition" and that zero profits and much useless differentiation is the best outcome possible. The key problem is distinguishing between the process and the participants. The old trustbusters (e.g. Patman and Arnold) thought protecting small business was important. The new ("law and economics") thuglovers (e.g. Posner and Bork) think that economic efficiency -- lower prices at any cost, even if the little guys perish -- is the objective. You pays your money (to the lawyers) and takes your chances (with the judges).