| 5/24/00
3:30 p.m. Mergerphobia Antitrust enforcers in the administration against the proposed merger between MCI Worldcom and Sprint. By NR's Ramesh Ponnuru & John J. Miller |
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Mergerphobia The opposition to the merger is based on the idea that it would increase market concentration in long-distance phone service. But as a Wall Street Journal editorial pointed out last week, that market is beginning to disappear: "All the major carriers, including AT&T, report flat or falling long distance revenues, and it's not because people aren't talking. Those minutes are rapidly migrating to wireless, and soon will be migrating off telephone networks altogether in favor of the Internet." The administration's position is as questionable as its tactics.
Pro-life Prattle Does it really make sense for pro-lifers to engage in this sort of public breast-beating? In the first place, Ridge has a better chance of getting on the ticket if people think that the only objection to him is that he favors keeping abortion legal. There are other objections, starting with the fact that he was more likely to vote against Ronald Reagan than with him during his time in the House. The more important consideration is that the pro-life veto should be exercised offstage. Pro-lifers have good reason to want Bush to pick a running mate who shares their views. They have no reason to want him to appear to be doing so under duress. Individual pro-life leaders, on the other hand, might have an interest in being able to brag that their threats headed off a pro-abortion veep. But that would be awfully cynical. The
Gilder Age
MacFarquhar offers several glimpses into the man's deeply conservative mind. Here's one: "More than anything, Gilder is a romantic. Not only does he despise materialism; he also disdains rationality and calculation. Genius, to him, is to be found in intuitive, irrational leaps; in flashes of insight whose origins cannot be traced; in risks so bold that their outcomes cannot possibly be predicted. Human creativity, he believes, will flourish as long as minds remain open to chance, intuition, and mystery; it will wither when people imagine that they must proceed by empirical and logical means alone." |