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November 18, 2002
Dotcom-opoly
Thomas W. Hazlett: Dotcom-opoly
Dotcom start-ups, powerful engines of profit, will dominate the world economy. Bricks-and- mortar enterprises are helpless to resist the emerging online monopolies.
The frontispiece for a Nasdaq technology conference at the Palo Alto Hyatt, March 10 2000? A match-cover blurb for an IT correspondence college? The premise for a new Fox TV sitcom, That 90s Show?
In fact, it is the operative policy presumption of the antitrust agencies of the Bush administration. Consider these recent cases:
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