The American Way Of Competitiveness
Fifteen months ago, Jon Leibowitz, Chairman of the FTC, declared: “We believe Intel stepped well over the line of aggressive competition on the merits, and engaged in unfair, deceptive and anti-competitive conduct. The sum total of all this anti-competitive conduct unfairly prevented companies from competing, bolstered Intel’s monopoly, and harmed consumers by stunting innovation, diminishing quality, and keeping prices higher than they would otherwise be.”
At the time, Intel’s CEO was, and still is, Paul Otellini.
In February 2011, six months after Leibowitz made his remarks, the President of the USA established the President’s Council on Jobs and Competitiveness.
One of the members of the Council on Jobs and Competitiveness is Paul Otellini.
A fly on the Oval Office wall heard this:
“Well Paul how are we going to inject competitiveness into our economy?”
“MDF,” came the reply.
“What’s MDF, Paul?”
“Well Mr President, It’s like you telling an Arab dictator that if he steps down the US will give him cash, a safe haven and a pleasant retirement - and if he doesn’t he’ll be eliminated in a nasty way.”
“How does that work in your business, Paul?”
“We give our customers cash, guarantees of secure supplies, subsidies for their advertising budgets, preferential prices and superior designs for their products on condition they don’t buy our competitors’ products.”
“And that’s good for competitiveness in your industry, Paul?”
“Certainly Mr President, because it means we win.”