Free the Market!

Free the Market!

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Why we need government intervention in the free market to protect competition and encourage innovation Starting about thirty years ago, conservatives forced an overhaul of competition policy that has loosened business rules for everything from selling products to buying competitors. Gary Reback thinks the changes have gone too far. Today's competition policies, he argues, were made for the old manufacturing economy of the 1970s. But in a high-tech world, these policies actually slow innovation, hurt consumers, and entrench big companies at the expense of entrepreneurs. Free the Market! is both a memoir of Reback's titanic legal battlesa€”involving top companies such as Apple, Microsoft, IBM, Oracle, and ATaTa€”and a persuasive argument for measured government intervention in the free market to foster competition. Among the fascinating questions he considers: Can a company ever compete too hard for the public good? Should policy makers worry more about promoting competition or improving efficiency? Does it help consumers when a manufacturer sets the prices its retailers charge? Should the government do more to stop controversial mergers? At what point does intellectual property protection hurt innovation?Hardly sophisticated operations themselves, the distributors were nevertheless responsible for selecting, training, and supervising the retail dealers. ... generated more money than any initial public stock offering since Ford Motor Company first sold its shares to the public in 1956. ... to generate consumer demand and offered little more than product literature to provide assembly and operating instructions.


Title:Free the Market!
Author: Gary L. Reback
Publisher:Penguin - 2009-04-16
ISBN-13:

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