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This is a huge reason why China imposes certain rules on foreign corps if they wanted to operate there. The media and politicians makes it all about politics, b
by evidencebased 5y ago
This is a huge reason why China imposes certain rules on foreign corps if they wanted to operate there. The media and politicians makes it all about politics, but it is an entirely reasonable way to deal with foreign mega corps. Local competitors would not survive against something like Google without government protection. 100 mil fine every once in a while is just the cost of doing business for them. How many similar cases have occurred that never went to court?
- gruez 5y ago>Local competitors would not survive against something like Google without government protection So you want them to be protected. In other words, protectionism?
- deleted 5y ago[deleted]
- jeroenhd 5y agoNot the parent, but I do, yes. Every country does protectionism in some form, it's the only way to prevent monopolies. Even the United States, where politics are led more by the free market than by citizens, throws around embargoes and regulation when important parts of the economy is threatened. One recent example is the American attempts at sabotaging the new gas line from Russia to the EU. Companies get threatened with embargoes, insurances get cancelled, all to maintain the European dependence on the US energy market. Protectionism protects not only the local economy, but also protects countries from foreign influence. All the major world powers want their own version of important economic and digital infrastructure to protect themselves against the other powers trying to sway public opinion. Google and YouTube are major influences in the world and without an effective ban they will continue to do so. People want convenience above all else, their own long-term interests be damned. Ignoring the threats of a globalised industry benefits no country.