It’s like they have no real innovation to offer the world, so all they can do is place bans and and levy taxes. What’s wrong with this place? They can’t produce powerful tech giants of their own? https://readwrite.com/spotify-withdraws-festival-support-in-france-in-response-to-new-streaming-tax/ https://www.theguardian.com/technology/2023/dec/18/adobe-drops-20bn-takeover-of-figma-after-eu-and-uk-regulator-concerns
“Monetize off our citizens, we will monetize off of you to benefit our citizens” I wish US was like this instead of seeing citizens like a bunch of money monkeys
Why don't you move to Europe then?
Bro if that’s your response for having an opinion I feel bad for your friends and family
Ironic you say that, for Spotify which is a European company.
Europe has an innovation problem, most startups are not very promising. Which you expect, only a few startups are successful. But the percentage of startups that make it is really low. It's due to a mix of cultural, governmental and financial blockers. They also have a different definition of monopoly law which isn't as mature as American law, which has been dealing with this for over a century (standard oil).
Interesting read comparing differences and approach between US and EU competition law. https://cris.brighton.ac.uk/ws/portalfiles/portal/32797163/AE_Platsas_Comparing_and_Contrasting_the_EU_and_the_US_Approach_in_Competition_Law.pdf
Notice antitrust law is independent from politics in the USA whereas this is not the case in Europe. That's basically the biggest difference. Though more and more politicians try to intervene in the usa, but they still have to overcome the legal system. There's also this: USA: Compliant with economic analysis Europe: Largely disinterested in economic analysis Basically Europe is all about the pitchforks.
You’re parroting rhetoric that big tech will continue spend a lot of money to propagate
Companies whine all about regulations even when they are fully able to comply and still make 9 billion dollars, but could be making 10 billion
What’s the threshold at which they should “whine”?
A lot of their self protective practices naturally stifle innovation in place of stability. It's the same with security and freedom, there are things given up for the other. When it comes to innovation, at least other countries can pick up the slack and they can benefit from it
Why do Murikans equate innovation with monopoly tactics? And mergers and acquisitions? That’s literally the opposite of innovation
In the American economics school of thought, we think that monopolies aren't inherently evil. They can provide a useful service to consumers at a lower cost and we're all "better off". Think economies of scale, The bigger you are the cheaper your product. If they use their power to stifle competition, that would be illegal. Otherwise innovation can coexist with monopolies. The main metric for whether a monopoly is illegal is whether consumers are harmed. If you provide a free service that is the best on the market, it's hard to argue that consumers are harmed. And yes by merging and becoming more efficient they can be more innovative. Another company might do something interesting that the larger company could use to improve service for more people.
Google - you are correct that monopolies benefit from economies of scale and therefore the products are cheaper. However - you are also wrong in saying that those products are cheaper *for the customer* In a traditional market, a monopoly also has what's called "pricing power". Just because the product is cheaper to produce, it doesn't mean that those savings get passed onto the consumer. If anything, monopolies benefit from both sides - cheaper production *and* charging the highest price possible. Your perception of this may be a bit skewed because you work at Google which provides its products for "free". That is a key part of their strategy to enable the widest possible adoption, to have the largest data collection network possible. But make no mistake thinking that their monopoly on ads isn't just as damaging. Google's monopoly on the ad business means that they can charge whatever rates they want to advertisers, and those costs are indirectly borne by the consumer. If the US had any sense, and it seems they're finally waking up to it, they would regulate the hell out of these mega corps and break them up.
Without Europe can you image iPhone with USB C ???!!
I don't think anyone cares about that
People care because it's a nuisance to have different cable standards. It ends up costing everyone more because Apple wanted to continue making lots of money on lightning
I'm not sure that is the case or you mean a bunch of BS startups? Enough of amazing tech came out of Europe: Linux, Redis, PostgreSQL, Mistral Gen AI ... And in terms of real world innovation, they are working on ITER atm for example, by far the biggest advance in power production in modern history if successful.
Get me what you’re smoking. Linux was founded a long time ago, redis is from Israel, postgres is from Berkeley, mistral I’ll give you that one but we have so many more gen ai companies of equal or superior caliber in the us. Weak argument coming from you.
Yep, they do. To be honest, American multinational corps were running circles around their tax codes for years and now the chickens have come to want their share. I am not gonna even start in monopoly stuff.