French politicians have abandoned one of the guiding principles of antitrust economics: penalize companies that harm consumers, not the ones that succeed by building better products.
Monday, May 01, 2006
France should surrender
I am always a fan of complaining about the French. Moreso of late, because of the inane legislation to breakup the iTunes music delivery model. I suppose many Mac enthusiasts have been following the story, and I thought it was particularly ironic to hear the French trade minister support the legislation while in Silicon Valley trying to drum up technology spending in France! Today there was an excellent piece in the New York Times that explains the situation from an economic point of view. I thought an excellent line in the piece was:
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