A Fount of Bad Ideas We have previously reported on the EU’s new digital commissar Mr. Oettinger, who has recently announced he wants to make an EU case against Google a “model case” for the EU’s approach to large companies serving the inter-tubes. Naturally, the entire convocation of busybodies in Brussels is all for this bizarre idea. The today still widely accepted theory of monopoly has been throroughly refuted in its entirety by Murray Rothbard’s contribution in “Man, Economy and State” (pdf; see chapter 10: “Monopoly and Competition”). Naturally, this contribution has been widely ignored in spite of its originality and importance, mainly because it implies that there is no cause for government intervention to “rein in monopolies” whatsoever. In other words, the EU’s “competition commission” is really superfluous. The idea to break up Google is moreover based on the utterly absurd notion that EU companies that don’t even exist need to be “protected”. acting-man/?p=34404
Posted on: Tue, 25 Nov 2014 11:28:26 +0000
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