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by rbehrends
3630 days ago
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> Are Europeans not upset that they're being forced into sub-standard foreign technology by their government for which they have no superior domestic alternative, also suppressing domestic innovation as innovators seek greener regulatory pasture, all in the name of today's tax revenue? A regulatory race to the bottom benefits nobody [1]. Europe has plenty of experience with monopolies and cartels abusing their political and economic power. I frankly would be more worried about US antitrust law abandoning competition as its guiding principle [2]. Which doesn't mean that everything in Europe is hunky-dory, but Google primary trouble stems from allegations that it is abusing a dominant market position. If that is true, then the EU is completely in the right to smack it down; the short-term benefits of allowing such behavior to persist are more than offset by the long-term downsides. Keep also in mind that Google – or other American companies – are not being singled out here. European giants such as Siemens and Phillips had to eat major antitrust fines as well. [1] I am not counting local stupidities such as ancillary copyright laws in Germany and Spain. That wasn't regulators running wild, that was legislatures enacting broken domestic laws at the behest of lobbyists. [2] https://newrepublic.com/article/131412/important-2016-issue-... |
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