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Source link: http://archive.mises.org/8487/a-new-antitrust-challenge-for-the-ages/

A New Antitrust Challenge For The Ages?

September 9, 2008 by

Google and Yahoo may be next to follow in the footsteps of Microsoft, AT&T, IBM, Schwinn Bicycle Company, General Motors, RCA, Pan American World Airways, Brown Shoe Company, American Tobacco Company, and Standard Oil among many others throughout the ages.

According to the Wall St. Journal, U.S. lawyers have been deposing witnesses and issuing subpoenas for documents to support a challenge to a deal between Google and Yahoo over their search-advertising deal. The two companies combined would account for more than 80% of U.S. online-search ads.

Speculation is that the Justice Department has decided once again that it is their duty to prevent the consumer from buying goods that they demand even if the government’s actions will reduce competition and impose restrictions among America’s innovators. “The standard account of antitrust regulation being in “the public interest” is truly Orwellian.”

Antritrust: The Case for Repeal by Dominick Armentano

Has Sanford Litvack or anyone else at the Justice Department ever heard of Adblock Plus anyway?

Monopoly is impossible in a free market.

It really is that simple.

{ 2 comments }

Jerry Halff September 9, 2008 at 4:08 am

GET READY DEMOCRATS HERE WE COME!

David Bratton September 9, 2008 at 12:36 pm

I’m not to sympathetic. Google and Yahoo enjoy zealous protection of their intellectual “property” by the government. That’s why technology companies stay in the US and put up with anti-trust hassles from the Justice Department. What else could prevent a Google or a Microsoft from simply moving to another country? It’s not as if they have any immovable assets.

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