Word: marketization
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Dates: during 1990-1999
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Supporters of antitrust law argue that decisions like Judge Jackson's actually strengthen the free market. The new economy--and America's unprecedented run of growth and prosperity--has been fueled to a significant degree by small start-ups founded by entrepreneurs with big dreams. These are precisely the sort of companies that can be crushed most easily by a brutal monopolist. When antitrust law works right, it can give these enterprising small firms room to grow. "There are a lot of companies that have for years operated in absolute terror of Microsoft," says Sun's Morris. The ruling...
...good health. Ten percent of the nation's 4,800 hospitals (not including long-term and specialty-care centers) are Catholic, according to the American Hospital Association. They enjoy a nonprofit tax status, a financial advantage that some critics feel is unfair in the highly competitive health-care market...
Hollywood likes his moves too. In a U.S. market where foreign-language films are hard to find even in art houses, Almodovar, 48, is a reliable moneymaker. He also makes the kind of bright, saucy films Hollywood wishes it could. So the studios have courted him ever since his 1988 hit Women on the Verge of a Nervous Breakdown. They bought remake rights for Jane Fonda, then for Whoopi Goldberg (though the film wasn't made), then they asked him to direct Sister Act, First Wives Club, Runaway Bride and, he says, "anything with drag queens." But though he hopes...
Microsoft's success has endless ripples. With more than 5 billion shares out and a market value exceeding $400 billion, the company is among those with the most widely owned stocks in creation. Virtually every institution holds Microsoft stock, including those that manage your retirement accounts. Fidelity Investments has 149 million shares spread among 60 funds. If the bottom ever falls out of this baby, look out. The collateral damage will be nuclear, especially now that Microsoft is part of the Dow Jones industrial average...
...browser wars are a good example. Netscape owned the market just two years ago. Microsoft, late to the Internet game, threw vast resources in that direction and now accounts for 64% of browser usage. Jackson's ruling means that Microsoft's capacity to assault a problem like that will probably be diminished in the future. But nothing is certain. The battle has just begun. Appeals could take years, and in the meantime the post-PC world may emerge in glory and render the judge's concerns moot. Do you want to miss another double...