Market Is Better Than Government at Promoting Competition

Core Viewpoint - The antitrust lawsuit against IBM by the U.S. government in 1969 highlights the challenges faced by dominant companies in maintaining market share, especially as smaller competitors emerge and gain traction [1] Group 1: Legal Proceedings - The lawsuit against IBM was initiated in 1969 for violating antitrust laws, marking a significant legal challenge for the company [1] - The case continued through the 1970s and was ultimately dismissed in 1982 as "without merit" [1] Group 2: Market Dynamics - By the early 1980s, IBM was losing market share to smaller companies such as Apple and Microsoft, which were both founded in garages [1]