A Headline to Savor

 Posted by on 6 August 2007 at 8:54 am  Uncategorized
Aug 062007

Nick Provenzo writes:

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.

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