Tuesday, December 7, 2004
Today's Wall Street Journal reports of a settlement between Computer and Communications Industry Association and Microsoft to abandon antitrust claims brought by the trade group against the company. The article reports the settlement to be in the range of $ 25 milllion. Alan Murray, the author commenting on the settlement, offers the following insight:
"THE MICROSOFT SAGA serves as a reminder of an important truth: Capitalists, for the most part, don't care much for capitalism. Their goal is to make money. And if they can do it without messy competition, so much the better. As long as it keeps its monopoly, Microsoft can afford to share the wealth with its onetime rivals. For Microsoft, those fines and payments add up to less than a year's profit from the operating system. For the others, it's easier to take Microsoft's money than fight. "