WSJ Apologizes to Conrad Black
The Wall Street Journal editorial page apologizes to Conrad Black . This is good to read, although the WSJ editorialists are perhaps the least culpable of all media in the persecution of businessmen. The truly vicious do not apologize. Ungrateful Wretches. According to an article at Forbes.com: “A group of 49 individual ticket buyers who say the proposed $3 billion merger between UAL Corp.’s United Air Lines Inc. and Continental Airlines Inc. would hurt airline industry competition have filed a fuit seeking to stop the deal ( “Ticket Buyers Sue To Stop $3B Continental-United Deal” ). This is the ultimate consequence of all those economic theorists, from Adam Smith on, who have attempted to justify capitalism morally by arguing its subservience to the consumer. The producer must obey the orders of the consumer, they said. Very well, reply these consumers of air travel, we shall give the producers orders, and we shall have them legally enforced. “For Whom the Dell Tolls” Carolyn Horner, writing on the blog OpenMarket.org, argues that the highly competitive market for personal computers should serve as a warning to antitrust persecutors who want to target an
Jul 7, 2010
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