Economist's View: "IBM's success in the mid-1960s led to inquiries as to IBM antitrust violations by the U.S. Department of Justice, which filed a complaint ... in ... 1969.' Was Marshall right? My own view follows Keynes, 'In the long-run we're all dead,' and I would prefer more vigilance against market power in the short-run than is currently in vogue among regulators."
My opinion: I agree.
Saturday, July 02, 2005
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