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by wyager 874 days ago
Unfortunately for the EU, there are still places in the world that are comfortable with success. Every time the EU tanks some local company, or prevents it from being viable in the first place, that productivity just goes to the US or China.
2 comments

> Every time the EU tanks some local company, or prevents it from being viable in the first place, that productivity just goes to the US or China.

China, where the government promotes local monopolies and sets unreasonable hurdles to foreign competitors? That China?

Yes, that China. Also the China that makes most of our robot vacuums.
Yes, China is basically doing the opposite of what the EU is doing (acting in the economic interest of domestic firms) and they're eating the EU's lunch as a result
Except iRobot was an American company and the FTC was also evaluating the deal so?

I suspect the problem here is a dominant retail player buying a big manufacturer

Even more bizarre, then, that EU regulators can tank American deals
Amazon and iRobot also have EU-based companies, thus get jurisdiction.
FTC is an incompetent agency whose sole goal is to tank each and every deal.