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September 11, 2011
The New York Times Takes an Editorial Position on the Subject of Encouraging Competition and It’s Inconsistent With Its Position on Atlantic Yards
Noticing New York
Here's an item from the past week.
Last week the New York Times ran an editorial premised on the widely held assumption that a competitive market is good and should therefore be fostered by government. The editorial endorsed the Justice Department’s opposition, with a antitrust lawsuit it just filed to block “AT&T’s $39 billion attempt to buy the nation’s fourth-largest carrier, T-Mobile.” See: Protecting Innovation and Competition, September 1, 2011.
The Times provided a bromidic analysis of why the government action supporting competition is desirable:
The merger poses a clear anticompetitive threat. Not only would it give AT&T more than 40 percent of the market, it would take out a scrappy and innovative rival that competed profitably by offering cheaper service plans and took risks others would not.
But providing lip service to bromides is not the same as intellectual analysis or the deeper thinking necessary to achieve a consistent or intellectually honest world view. At the same time that the Times is spouting off about the presumed benefit of economic competition it has supported the quashing of competition for Forest City Ratner, the real estate developer and governmental subsidy collector with which it partnered to create its new Times headquarters.
Posted by steve at September 11, 2011 9:42 PM