Facebook’s IPO will be good news for a whole host of reasons. In particular, users should be happy that the company will become a much more public-facing entity.

As Brussels"s ruling in the Microsoft case illustrates, Europe still embraces the notion that competitors must be protected from the judgments of the market.

European Commission antitrust regulators will declare Microsoft in violation of competition laws, fine the company, and impose enormous restrictions on how Microsoft does business.

Microsoft won its case not because it was innocent but because the government did not carry its burden.

It is hard to imagine how consumers would be better off today if Microsoft had competed less vigorously against Netscape and others.

Since modern conservatism professes devotion to free markets and to the rule of law, conservative hostility to Microsoft suggests an inadequate understanding of the case.

Irwin Stelzer's key claim—that Microsoft attained its leading position in PC operating systems illegally—has never been asserted by the government, despite a decade of near-continuous investigation and three rounds in court.