Aug 062007
You have to savor this Washington Post headline for an article on News Corporation’s purchase of Dow & Jones & Co., for it beautifully encapsulates how voluntary trade in the free market is equated with bare-knuckled coercion. According to the Post, “Murdoch Seizes Wall St. Journal In $5 Billion Coup,” but there’s no word if he’s had anybody lined up and shot.
Indeed, a pithier example of the abject failure to distinguish between economic power and political power seems impossible to imagine.