Great article in The New York Times today discussing Google’s strategy in its victory at the Federal Trade Commission. I say victory because any event where onerous regulations or compliance requirements can be avoided is a win for the markets.
The article posted a great quote from Columbia University law professor Tim Wu which I need to put on a wall somewhere: “I don’t believe it’s the position of antitrust agencies to invent competition where there isn’t any.”
The Federal Communications Commission should take heed of that advice since they have been impersonating an antitrust agency of late.
Anyway, I hope Google’s success with the FTC creates a 21st century template for dealing with regulators just like Microsoft was Google’s template during this last round of investigations by the FTC.