Judge OKs new Microsoft antitrust deadline

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Alan Greenspan did not like antitrust laws and their authorities!

Actually, I do not like Ayn Rand, but still, in her book ?Capitalism: The Unknown Ideal?, there is an interesting chapter (Antitrust, chapter 4) written by Alan Greenspan (former chairman of the Federal Reserve). I, hereby quote from page 70 a few sentences written by Alan Greenspan ?The entire structure of antitrust statutes in this country is a jumble of economic irrationality and ignorance. It is the product: (a) of a gross misinterpretation of history, and (b) of rather naive, and certainly unrealistic economic theories?. I, hereby also quote some of the last sentences from this chapter (page 71) ?Whatever damage the antitrust laws may have done to our economy, whatever distortions of the structure of the nation?s capital they may have created, these are less disastrous than the fact that the effective purpose, the hidden intent, and the actual practice of the antitrust laws in the United States have led to the condemnation of the productive and efficient members of our society ?because? they are productive and efficient?. Naturally, these statements also can be applied to EU regulators and antitrust laws. Read the whole story! Go to; http://www.polyconomics.com/searchbase/06-12-98.html

Bj?rn Lundahl
G?teborg Sweden

Posted by: Björn Lundahl   Posted on: 09/23/06 You are currently: a Guest | Members login | Terms of Use

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