Schumpeterian Gales of Creative Destruction

In an amazingly short period of time, a wave of technological creative destruction based on a significant shift in the market for personal computing has completely destroyed Windows’ “monopoly” – to whatever extent they actually ever had one. Market forces, innovation, and intense competition often “regulate” markets more effectively than the government, and provide more effective discipline on a “monopolist” than government anti-trust enforcement, and the computer market is a great example.