I was reading up on predatory pricing when I found this small gem:
I find it curious that many people who insist that Microsoft purposely sacrifices profits today in hopes of earning higher, monopoly profits tomorrow also allege that modern American capitalism compels business leaders to maximize short-run profits at the expense of long-term growth
Quite nice! How can firms both engage in long-term price wars (sacrificing profit today) AND also only look at short-term profits instead of long-term (as many leftists claim)?
From this article:
http://www.thefreemanonline.org/columns/stop-stopping-price-cutting/