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Good luck getting other countries to "play along". Doing this is tantamount to handicapping your nation's corporate giants, who will no longer be able to compet

Good luck getting other countries to "play along". Doing this is tantamount to handicapping your nation's corporate giants, who will no longer be able to compete as effectively against the corporate giants of nations that don't play along. This line of thinking is how you end up like Europe that today consumes goods and services produced almost entirely by large US tech companies. If you handicap the American tech giants this way, prepare for a world where the only remaining tech giants dominating globally are Chinese, Korean and Japanese (it wouldn't be Europe because Europe has already handicapped its businesses). I'm honestly amazed that most people that don't realize that your country's businesses are in competition with all the businesses of other countries. A well meaning policy that would be good for your nation pre-globalization will handicap and disadvantage your country's economy now that globalization is the status quo. Economic nationalism is a prerequisite if you want to live in an economically prosperous nation.

TheCoelacanth 9y ago
Obviously you would need to have a blanket ban on overly large corporations operating in your country and on goods and services produced by overly large corporations being imported into your country. You couldn't apply it only to domestic corporations.
- Mystrl 9y ago
  And how would this be implemented? Are you proposing every country creates their own equivalent of the great firewall?
  - TheCoelacanth 9y ago
    No, just punish any companies that break the law by seizing assets and imprisoning employees in the country.
mindentropy 9y ago
Genuinely curious as to why you say Europe has handicapped its business? They are just more regulated. If the businesses are handicapped why is Germany still a giant in manufacturing?
- malandrew 9y ago
  One nation out of 28 in the EU? To answer your question, the reason Germany does best is because they are in the EU. Under the Deutschmark, increased exports would have increased the value of their currency and hurt exports. With the Euro, they generously benefit from the fact that they can export to the entirety of Europe without experiencing currency appreciation and the current account weakness of other European states means that the value of the Euro is kept lower than the Deutschmark would be, meaning that Germany gets an added export advantage in international trade. How many new major European multi-nationals have been created since the creation of the EU?

TheCoelacanth 9y ago

Obviously you would need to have a blanket ban on overly large corporations operating in your country and on goods and services produced by overly large corporations being imported into your country. You couldn't apply it only to domestic corporations.

Mystrl 9y ago
And how would this be implemented? Are you proposing every country creates their own equivalent of the great firewall?
- TheCoelacanth 9y ago
  No, just punish any companies that break the law by seizing assets and imprisoning employees in the country.

mindentropy 9y ago

Genuinely curious as to why you say Europe has handicapped its business? They are just more regulated. If the businesses are handicapped why is Germany still a giant in manufacturing?

malandrew 9y ago
One nation out of 28 in the EU? To answer your question, the reason Germany does best is because they are in the EU. Under the Deutschmark, increased exports would have increased the value of their currency and hurt exports. With the Euro, they generously benefit from the fact that they can export to the entirety of Europe without experiencing currency appreciation and the current account weakness of other European states means that the value of the Euro is kept lower than the Deutschmark would be, meaning that Germany gets an added export advantage in international trade. How many new major European multi-nationals have been created since the creation of the EU?