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by SchemaLoad 263 days ago
I don't really buy this. The government still has the ability to just ban or tax the foreign monopoly. And seemingly the EU has the ability to fine foreign businesses for being monopolies too.

China being a good example. Google being a monopoly in the rest of the world doesn't really impact them much since they just block the foreign products.
2 comments
joz1-k 263 days ago
> the EU has the ability to fine foreign businesses for being monopolies too.

Specifically, the EU has no ability to fight foreign monopolies. Though, it has an ability to fine them and extort some pocket money from them. However, this hasn't had a tangible effect on creating more competition in those markets.

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xyzzy123 263 days ago
Then people accuse you of being "protectionist" or "mercantilist". Your companies aren't internationally competitive. This cripples your exports unless you can convince other countries to also block the goods that are undercutting you.
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