6 ms·
The WSJ had an interesting article about antitrust lawsuits and calls out why the EU is issuing fines while the US isn't. https://www.wsj.com/articles/the-anti
by kyrra 9y ago
The WSJ had an interesting article about antitrust lawsuits and calls out why the EU is issuing fines while the US isn't.
https://www.wsj.com/articles/the-antitrust-case-against-facebook-google-amazon-and-apple-1516121561 https://www.wsj.com/articles/the-antitrust-case-against-face...
The main takeaway I got was that they have different views on what is a monopoly and how/when it is bad. From the article:
> The different outcomes hinge in part on different approaches. European regulators are more likely to see a shrinking pool of competitors as inherently bad for both competition and consumers. American regulators are more open to the possibility that it could be natural and benign.
- ecthiender 9y ago> possibility that it could be natural and benign. Paying billions of dollars to Apple to include only their baseband chips to monopolize is hardly natural.
- threeseed 9y agoGoogle pays Apple billions of dollars to include only their search engine. It happens all the time. Then again maybe this is changing.
- Retric 9y agoApple includes other search engines in their dropdowns. Google is paying for being the default not the only option.
- foobarbazetc 9y agoYou can choose your search engine on iOS.
- dontnotice 9y agoAlso because the EU is deliberately targeting US companies, the US gov't doesn't have that incentive.
- dyarosla 9y agoNow I’m curious.. is the EU deliberately targeting US companies or are US companies just more prone to adopting antitrust (by EU standards) practices? Has the EU cracked down on many non-US companies?
- dontnotice 9y agoYou tell me. It certainly appears that the EU spares no resources at seeking and investigating US corporations and certainly they have no qualm in sticking them with record fines.
- foobarbazetc 9y agoBreak the law, get fined. Why would you have qualms?
- petre 9y agoYes. They've been rather soft on VW, who got a pat on the back, just like US bankers did after the subprime mortgage crisis. I'm glad the US took a had stance against VW.
- deleted 9y ago[deleted]
- Oletros 9y agoYou're mixing things, VW case is not an anti trust case. EU Competition commission has fined a lot more European companies than American companies.
- petre 9y agoWhich ones and for what amounts? Microsoft, Google, Qualcomm were fined more than $1b so far. All of them are US comapanies. Scania was fined €880m for price fixing.