The thinking behind the government penalising success is sumarised in the historic decision that broke up ALCOA some years ago:
It was not inevitable that it should always anticipate increases in the demand for ingot and be prepared to supply them. Nothing compelled it to keep doubling and redoubling its capacity before others entered the field. It insists that it never excluded competitors; but we can think of no more effective exclusion than progressively to embrace each new opportunity as it opened, and to face every new- comer with new capacity already geared into a great organization, having the advantage of experience, trade connections and the elite of personnel. [ Taken from Alan Greenspan's article, 'Antitrust' published in Ayn Rand's book Capitalism: The Unknown Ideal]Nothing could better summarise the underlying anti-success motif of Antitrust laws and the motives of the meddling arseholes who infest our own local
LINK: France approves bill challenging iTunes - Sydney Morning Herald
Free competition at gunpoint - Not PC
Antitrust is anti-competitive - Capitalism.Org
French socialists punish ipod and itunes for success - LibertyScott
TradeMe block a tipping point? - Not PC
TAGS: Politics-European, Economics
1 comment:
Fucking hell. However, all is not lost; rumour has it that Atlas, sorry Apple, might just shrug. From the article:
Apple has so far refused to comment on the bill or on analysts' suggestions that the company might choose to withdraw from the French online music market rather than share the proprietary technology at the heart of its business model.
Rock on Apple. My next PC will be a Mac, if they have the balls to do that.
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