Media Advisory: June 26, 2000
For Immediate Release
Evaluating Antitrust: US v. Microsoft
Who: The Center for the Advancement of Capitalism (CAC)
What: A press conference explaining CAC’s and over 20,000 concerned citizens call on Congress to re-evaluate the antitrust laws in light of Judge Jackson’s verdict in US v. Microsoft.
CAC Executive Director Nicholas Provenzo, internationally respected behavioral scientist Dr. Edwin Locke of the University of Maryland, and renowned economist and economic forecaster Richard M. Salsman of InterMarket Forecasting will each speak and answer questions.
Where: National Press Club
When: Thursday, June 29, 2000 2:00 PM
SPOTSYLVANIA, VA—A Virginia-based pro-capitalist organization has raised over 20,000 signatures on its Internet petition challenging Congress to re-examine the nation’s antitrust laws in light of the Microsoft antitrust case.
“Imagine a world where Tiger Woods is forced to have Janet Reno as his golf caddy and allowed the use of only half his clubs because he is ‘too successful’ at winning,” says Nicholas Provenzo, Executive Director of The Center for the Advancement of Capitalism (CAC). “That’s precisely what antitrust demands of businessmen under the guise of ‘protecting competition.’”
“Antitrust makes success a crime, and the Department of Justice's assault on Microsoft is a classic showcase for antitrust's evils,” says Provenzo. ”We believe the verdict in the Microsoft case makes it clear that Congress needs to sit down and re-evaluate the antitrust laws and we’ve raised over 20,000 signatures on our Internet petition asking them to do just that.”
According to CAC Policy Analyst Dr. Edwin Locke, “Economic power, the power of voluntary trade, is fundamentally different from political power, the power of the gun. Yet every proponent of antitrust is eager to erase this distinction. Thus, such actions as upgrading a product to match the features offered by a competitor, distributing a product for free, or negotiating favorable terms with business partners—all of them normal and beneficial business practices—are presented by antitrust advocates as if they are a nefarious, mafia-like conspiracy to oppress the public.”
“We say that every argument for antitrust crumbles upon proper philosophic examination,” says Provenzo. “What’s happening as a result of the Microsoft case is that more and more Americans are coming to realize that antitrust is bad for both business and consumers.” Provenzo adds, “It is time Congress wake up to the faulty logic of antitrust as well.”
CAC will hold a press conference Thursday, June 29th at 2:00 PM at the National Press Club explaining its opposition to antitrust.
The mission of The Center for the Advancement of Capitalism is to present to the public a moral defense of individualism and economic freedom. The Center undertakes projects and activities designed to communicate its message to the public, the press, and policy leaders, targeting issues central to a moral defense of laissez-faire capitalism.
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Center for the Advancement of Capitalism