Build It and They Will Prosecute

The Federal Trade Commission will investigate Apple for that company's alleged threat to monopolize the market for software used to run mobile devices such as the iPhone.

Chief among the many reasons for questioning the wisdom of this investigation is that the FTC's case against Apple is illogical on its face.  That case rests on the theory of "network effects" – effects which, as the Wall Street Journal reports, antitrust enforcers believe "grant outsize advantages to first movers and make...