Thousand Dollar Thursday, A Grand New Deal Every Week

Sunday, July 17, 2011

More on Google

Hi again,
I ran across an article in the Wall Street Journal, written by J. Gordon Crovitz, about the Google investigation.
Mr. Crovitz comments: "In the case of Google, the perverse claim apparently is that it serves consumers too well, making it too tough for competitors.
In Google's case though, competitors are just a click away. Google has a search option called, "I feel lucky," wherein Google says to one and all that it can nail the search in one click. Should not the customers choose who will be used, and in effect who will win this free-market competitive battle?
Microsoft has a similar search engine called Bing. Funny now, that Microsoft is funding "Fairsearch.org" to lobby regulators and politicians to stop Google's march toward and 'unregulated monopoly.'" (Ibid. Crovitz).
And funnier yet is the fact that after these giants fight the battle now aided and abetted by the government, some new start-up, today being worked out in someone's garage, will compete and win against both of these giants. Aaaahhhh, the circle of financial life.

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