I see many people bashing Oracle/Ellison, but they are not alone in this. MS does the same thing as well. The really worrying thing is that such practices are deemed to be legal. The entire principle of Free Markets is underpinned by consumers having accurate information about the goods they are purchasing. Having licensing agreements that are expressly designed to prevent the dissemination of product-information, goes against everything that Capitalism and Free-Markets stand for.
The fact that there are no government regulations against such behavior, is precisely what leads people to think that we are living in a Corporatocracy, and not a Free Market.
I agree with where you are going but I entirely disagree with your description of Free Markets and Capitalism.
free market - an economic system in which prices are determined by unrestricted competition between privately owned businesses
There's nothing in there about consumers having accurate information. If anything, caveat emptor. Moreover, if you are a free market entrepreneur then the absolute last thing you want is fairness to your competition or fairness to your consumer. Those are costs of doing business, to be avoided if possible. Naturally, Larry is only trying to avoid them.
That's why we have regulation. That's why civilization has evolved to have government. That's why Libertaristan isn't on any maps. That's why The Fountainhead is such a misguided fantasy where entrepreneurs can do anything and it's always better and governments can do nothing and it's always worse.
Free Markets and Capitalism don't stand for anything. That's not even a criticism of them either. Civilization might stand for something although that something is a provisional something at best but then that provisional something is better than nothing.
The requirement for consumers having accurate information is a government regulation. In the United States, it's enforced by the Consumer Protection Agency. It isn't a free market requirement.
No. A free market is when people freely exchange goods and services. The prices are determined by free negotiation. Force and fraud are proscribed.
Note that this does not require perfect information. But defrauding someone is not allowed.
> if you are a free market entrepreneur then the absolute last thing you want is fairness to your competition or fairness to your consumer.
The most successful companies, and most successful salesmen, are the ones that please their customers, because repeat business is necessary for long term success.
> It isn't a free market requirement.
Again, the free market does not allow defrauding customers.
Those would be perfect information. I don't see how this could be a reasonable requirement, and it certainly is not necessary for the free market to function.
Consider the dealer selling you a car that disintegrates a week later. I'm not a lawyer, but there's a doctrine of reasonableness and fit for purpose going on here, and you're entitled to recompense if the dealer did not disclose this to you - i.e. it's fraud.
If a grocery store sold you milk poisoned with lead, and did not disclose it, that's fraud as well as assault.
Truth in labelling laws are merely a convenience for that, so instead of things being decided case by case in civil court, having a blanket standard on how food should be labeled, and sanctions when it is fraudulently labeled, is entirely reasonable and makes for efficient operation of the free market. It is not "perfect information", which is by its nature rather absurd, and I've never seen it listed as a requirement by any free market economists.