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It's too bad the US doesn't have someone like Vestagar at the FTC, too. The FTC almost never seems to use anti-trust laws anymore, and when it punishes compani
by mtgx 8y ago
It's too bad the US doesn't have someone like Vestagar at the FTC, too.
The FTC almost never seems to use anti-trust laws anymore, and when it punishes companies it's more of a symbolical punishment than an actual deterrence. And that's when it doesn't settle with the wrongdoers, where they don't even have to admit any wrong or stop what they've been doing in the future.
- runesoerensen 8y agoNot sure why this is currently being downvoted, the U.S. does seem to be relatively less effective at enforcing anti-trust laws. That's hurting American companies as well and one example of it is included in the article: “Europe is acting to enforce antitrust laws where the U.S. is not,” said Jeremy Stoppelman, the chief executive of Yelp, who feels that American regulators dropped the ball when they decided not to pursue a case against Google in 2013 (Yelp is a longtime Google antagonist). “Ironically, many of the complainants in the E.U. antitrust case against Google are U.S. companies, pursuing justice in Europe precisely because the U.S., has not acted,” he said in an email.
- deleted 8y ago[deleted]