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The article accuses Google of "predatory pricing" and my story is meant to illustrate that any price can be seen as monopolist, collusive, or predatory, and tha
by dreamdu5t 14y ago
The article accuses Google of "predatory pricing" and my story is meant to illustrate that any price can be seen as monopolist, collusive, or predatory, and that laws against such things are misguided and reactionary.
I might be paraphrasing the story wrong. It's a folk story amongst economists about the absurdity of antitrust regulation. I'm not sure who originated it.
http://en.wikipedia.org/wiki/Predatory_pricing#Criticism http://en.wikipedia.org/wiki/Predatory_pricing#Criticism