WSJ ($) columnist and Clear Thinkers favorite Holman Jenkins (prior posts here) is on a roll today in his Business World column as he addresses the hypocrisy of Europe pursuing its anti-trust case against Microsoft while simultaneously indulging such transparent European-based anti-trust violators as Airbus. Money quotes:

“Antitrust is untrammeled bureaucratic whim masquerading as law and science, and sometimes the only effective check is a political check.”
“Antitrust always and everywhere ends up being a neurotic response to ephemeral issues of corporate power, yielding only when the spasms of a previous administration can be politely swept out of sight.”

Read the entire column. Good stuff.