Archive for Tag “Rockefeller”

Google, Standard Oil, and the monopoly myth

Thursday, March 12, 2009 by Alex Epstein

Antitrust law is based on the idea that the economic power of successful companies is a danger to the competitive process and to consumers. We must reign in or break up the most dominant companies, we are told, in the name of preserving a genuinely free, competitive market. Now, it appears antitrust advocates have their sights clearly set on a new “monopolist”: Google.

Trial balloons are being floated in important places, such as TechCrunch, the New York Times, and the Boston Globe, suggesting that Google needs to be brought down to size. In an upcoming post, I will explain why I think that Google poses no threat to competition whatsoever. Initially, though, I would like to recommend that readers check out a recent lecture of mine that is very relevant to this case: “The Monopoly Myth,” now online at the ARC website. Read the rest of this entry »

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