Word: antitrust
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...addiction to "free markets" that are anything but free for the working poor deliver moneyed interests an irresistible combination of tax cuts and rollbacks of government regulations. Smaller government means a smaller Environmental Protection Agency, a smaller Food and Drug Administration, a smaller Department of Transportation, and a smaller antitrust division of the Department of Justice. Think Firestone tires, Houston smog and Standard Oil. For those whose six- and seven-figure salaries comfortably insulate them from the cold realities of working-class life, there is no better candidate...
...that Bill Gates and his employees have donated to Gorton is one piece of evidence that he's "the Senator from Microsoft," as he has called himself. "I certainly am proud to have that moniker," says Gorton. He says that on the campaign trail, his zing at the antitrust suit is "one of the best applause lines I have...
RealNetworks and Microsoft are business rivals. Real's executives have gone before the Senate to claim Microsoft tried to hurt them. So you might expect this to be an antitrust grudge match. On the surface, at least, it's not. Washington State is so pro-Gates that Cantwell, who served one term in the House, is careful to stress that "they used to call me the Congresswoman from Microsoft." Break it up? No way. "I can stand up and say I know it's a great competitor...
Competition has been a dirty word for decades in Italy, particularly for entrenched state monopolies like Alitalia and the electric company ENEL. But the private sector hasn't liked the word much either. If the country's suddenly energized Antitrust Authority has its way, however, businesses may have to get used to it. Last July Italy's insurance firms got a rude awakening when the Authority slapped them with $350 million in fines after determining they had fixed prices for many forms of vehicle insurance...
Tesauro says it will take years before the concept of competition takes a firm hold in Italy. "Maybe 10 years have not been enough to shake up a system that was so encrusted with state control. You can do a lot with the Antitrust Authority, and you can do a lot with laws, but in the end, you have to transform a culture of protection to one of competition," he says. He points to telephones: real competition meant a drop in prices and better service...