CEI Daily Update
Issues in the News
Microsoft suffers a legal setback in Europe where it has been accused of anti-competitive practices.
“It's a familiar story; subjecting Europe's technology sector to political predation via aggressive antitrust regulation and involuntary licensing is less about protecting consumers than about competitors' regarding themselves as entitled to someone else's customers. Antitrust regulation protects politically connected competitors, not mom-and- pop operations, and certainly not the competitive process. Even Google sought to prevent Microsoft from embedding a search box within the new Internet Explorer browser that would default to Microsoft's own search service.”
The Chinese government plans its first-ever “no car day” to reduce pollution.
“Since so many anti-car activists are young and healthy, it’s no surprise they forget what a car-free world would actually be like. For many people, a car isn’t a luxury – it’s the only way to get to work, transport their kids, or pick up groceries.”
Former Federal Reserve Chairman Alan Greenspan speaks out on Clinton and Bush economic policy.
“In light of troubled firms and the credit crunch, on which much of [last night’s] “60 Minutes” interview [with Alan Greenspan] focused, there is another issue involving antitrust. It would be a lot easier for firms to combine to buy troubled companies — saving the companies’ shareholders, employees, and borrowers from the fallout of a devastating bankruptcy — if the firms that pooled assets for the buyout didn’t have to worry about the government coming at them with potential antitrust violations.”
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