4 ms·
the EU uses fines as a way of levying tariffs without explicitly being called out for it.
by autokad 8y ago
the EU uses fines as a way of levying tariffs without explicitly being called out for it.
- iagooar 8y agoThe EU has some rules that companies need to follow, same as any other democratic country does. Like it or not, EU regulation usually does a good job at protecting consumers from untamed companies, as happens in other places.
- shaki-dora 8y agoI'm glad this jingoistic talking point is appearing less and less these days. Because I got tired of repeating the following: If you actually sum up the fines levied by the EU, aggregated by continent, you will find they almost perfectly each region's respective revenue in the EU. The only exception is that Asia is fined somewhat more than to be expected, and the US less. This is probably due to the US' strong enforcement catching and/or discouraging behaviour before it gets to the level where the EU would intervene. Conversely, it shows a somewhat less developed corporate culture in some Asian countries.