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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Anthony Keyodo who wrote (8485)	10/19/1998 5:58:00 PM
From: Joe Btfsplk	Read Replies (1) \| Respond to of 42834

"Even dead monopolists deserve some respect." Perhaps much more than they commonly get. Dipy represents a common view, quite wrong IMO. For a more sober analysis, see The Ghost of John D. Rockefeller by Thomas J. DiLorenzo at fee.org "...Like Gates, Rockefeller was the victim of a political assault for the "sin" of rapid innovation, a vast expansion of output, and rapidly declining prices — just the opposite of what the antitrust laws ostensibly police. As with Microsoft, the political attack on Standard Oil was launched by less-efficient rivals who wanted to achieve through the political process what they failed to achieve in the marketplace...." or Cato Policy Analysis No. 296 at cato.org "America's century-old antitrust law, whatever its original rationale,(2) is increasingly irrelevant to our modern global information technology market." or Sec. 39 of the Cato Handbook for congress at cato.org "Congress should repeal the Sherman Antitrust Act of 1890, especially section 2, and eliminate the Federal Trade Commission's power to act against ill-defined ''unfair competition''; repeal the Clayton Act of 1914, especially sections 2 and 7; and repeal the Robinson-Patman Act of 1936" Not that economic analysis is likely to penetrate the skulls of idolaters of the State. They'll remain firm in their conceit that they know a better way to organize things for their lessers.