“Google And The Antitrust Case Against Antitrust”

by Craig Newmark | October 1, 2011 6:41 am

Fine piece by Wayne Crews on dopey antitrust pursuit of high-tech companies, particularly Google[1].

Furthermore, Google appears vulnerable, because the characteristics of searches to be conducted on tomorrow’s Internet will not entirely resemble today’s. You can drive a big Google Earth van through the hole to be opened up by future search-technology opportunities.

Even if Google weren’t vulnerable, the right to compete should be ironclad in America. By stopping it, we undermine the inevitable, pro-consumer competitive responses to Google.

It wasn’t all that long ago that many of us were locked in to the: Yahoo[2]: and AltaVista search engines. : This year,: Microsoft[3]: has touted Bing’s market share against Google. That’s only Microsoft; It and other firms could create search alliances, should it come to that.

Upheaval is unpredictable. I remember back in 1997 when: Bill Gates[4]invested $150 million in: Apple[5]: as a gesture “to strengthen Apple’s viability.”

Back when Microsoft was the Google of the day.

Today, Apple’s market capitalization is $380 billion, higher even than Exxon-Mobil.: Its value is $20 billion shy of Microsoft and Google: combined[6].

Antitrust’s crystal ball is cracked more than anyone else’s.: And antitrust the: institution: is ultimately more: predatory and anti-consumer than transitory dominance inevitably battered by “creative destruction[7].”

Endnotes:
  1. dopey antitrust pursuit of high-tech companies, particularly Google: http://www.forbes.com/sites/waynecrews/2011/09/20/google-and-the-antitrust-case-against-antitrust/
  2. Yahoo: http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=yhoo&tab=searchtabquotesdark
  3. Microsoft: http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=msft&tab=searchtabquotesdark
  4. Bill Gates: http://www.forbes.com/profile/bill-gates
  5. Apple: http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=aapl&tab=searchtabquotesdark
  6. Its value is $20 billion shy of Microsoft and Google: combined: http://www.businessinsider.com/apple-market-cap-2011-9
  7. creative destruction: http://www.econlib.org/library/Enc/CreativeDestruction.html

Source URL: https://rightwingnews.com/economy/google-and-the-antitrust-case-against-antitrust/