Is this really a good faith comment? Anyway the EU just fines US tech giants, it's part of doing business in the EU. It must be worthwhile, the fines must only amount to a small percentage of the lucre gathered there.
Digital Markets Act was supposed to define markets and allow competition, however it quickly turned into some existing monopolies putting their fingers into some American businesses and not addressing the main issues.
Whenever a successful European company like ASML is mentioned in the same context of monopolies due to their earned success in the semiconductor industry, then none of the market control (and I’m not just talking about digital markets here) goes out of the window.
Then I keep asking myself, are monopolies a bad thing that needs to be regulated because they can kill innovation and suck resources from nations, or does that only apply when it’s certain American companies only when they threatening the benefits of certain oligarchs.
Comments
Is this really a good faith comment? Anyway the EU just fines US tech giants, it's part of doing business in the EU. It must be worthwhile, the fines must only amount to a small percentage of the lucre gathered there.
Digital Markets Act was supposed to define markets and allow competition, however it quickly turned into some existing monopolies putting their fingers into some American businesses and not addressing the main issues.
Whenever a successful European company like ASML is mentioned in the same context of monopolies due to their earned success in the semiconductor industry, then none of the market control (and I’m not just talking about digital markets here) goes out of the window.
Then I keep asking myself, are monopolies a bad thing that needs to be regulated because they can kill innovation and suck resources from nations, or does that only apply when it’s certain American companies only when they threatening the benefits of certain oligarchs.