Russian president Vladimir Putin’s power grab and annexation of the Crimea has filled global news headlines as he attempts to reverse what he has called the “greatest geopolitical catastrophe of the twentieth century” – the collapse of the Soviet Union. But it needs to be remembered that this conflict has its deeper roots in two ideas that have plagued the world for over two centuries: nationalism and government interventionism into economic affairs.
Rather than enforcing European competition law against systemic abuses of dominance by the single most dominant company in Europe, this political deal surrenders inexplicable concessions, including defining Google’s 90 percent share as not dominant, claiming its multiple abuses of dominance are legal and implying Google did nothing wrong.
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
You’ve heard the cliché: “Sometimes you win, sometimes you lose.” Within the past month, I’ve experienced both sides of that adage—in reverse. On April 2, I was driving from Albuquerque[...]
In honor of Margaret Thatcher’s memory, favorite quotes from the Iron Lady have popped up everywhere. This one came across my Facebook newsfeed: “Global warming ‘provides a marvelous excuse for[...]