Obama names tech execs to transition team
news.cnet.com
news.cnet.com
Rothbard went into a little more detail on this in a lengthy criticism of Friedman: http://www.lewrockwell.com/rothbard/rothbard43.html
Monopolies do exist in free markets, but they tend to be unstable and relatively short-lived. Things like AT&T's 100-year monopoly definitely require some government intervention.
http://en.wikipedia.org/wiki/Criticism_of_Microsoft#Governme...
Failure can happen in the free market (that's how progress is made, through trial and error). But when governments decide that failure should never happen ("too big to fail", etc.) they make the free market itself fail, which is much bigger problem.
Instead, just let the financial companies (in fact, all companies, including GM) take full responsibility for what they do.
For businesses, the market here is small. The island is small. So do your business in Singapore, Japan, US, etc. and let the people here do the work (with good pay of course heh) -- it's like the internet was made for Cebu
(and i'm curious to see what the Obama administration will do with whitehouse.gov.)
Granted, it's just a placeholder for the site, but still. I sure hope that isn't a sign of things to come.
Current administration = Word-generated page
New administration = Web 2.0