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June 20, 2005

Bill Gates, Robber Baron

When the sleaze factor of government gets so high even its sheep start to frown, a team of DOJ prosecutors will go on the warpath against some market celebrity. It gives us a warm feeling and rekindles our faith to see government go after hugely successful market entrepreneurs. It also serves to keep us restrained, for if government can shake down the big guys what chance do we working stiffs have? We've seen what the DOJ did to Martha Stewart, a cunning predator who resorted to all kinds of underhandedness to get us to buy her products or watch her TV shows, then used her position of power to cheat us out of insider stock market information. She even had the gall to stand up to DOJ interrogators, we were told. Years earlier Bill Gates felt the wrath of the DOJ crusade squad.

Last month Joseph Sobran republished an article he originally wrote in 1998 about the Microsoft antitrust prosecution. It is timeless in its analysis. Examples:

"Does anyone notice something a little bit odd here? The institution that gave us the atomic bomb is offering to protect us from a company that gives us personal computers.

"I must be stupid. I’ve never understood why concentrations of private property are more dangerous than concentrations of coercive power."

"Personally, I don’t feel threatened by Bill Gates. Bill Gates can’t take a penny of my earnings if I don’t want him to have it. I don’t have to work for him for the first four months of the year. He can’t put me in prison for refusing to pay him or for disobeying his orders. He can’t break into my house and search for drugs. He can’t send my sons to war. He hasn’t incinerated any religious sects, and none of his agents has shot a mother in the head while she was holding her baby. He doesn’t even seem interested in doing any of these things."

Posted by George F. Smith at June 20, 2005 09:47 AM

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