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The issue is that there are a bunch of big is companies with way too much cash who can buy any potential competitor. I do not feel it matters much how they got
by jeltz 5y ago
The issue is that there are a bunch of big is companies with way too much cash who can buy any potential competitor. I do not feel it matters much how they got that big. What we instead need to limit is their ability to buy competitors.
- Silhouette 5y agoI think both are important. There is a question of what we do to prevent any successful medium-sized European business becoming a small part of some huge US business. But there is also a question of how our entire entrepreneurial sector got so broken on this side of the Atlantic that such a huge imbalance arose in the first place. If we don't address the issues that caused that to happen once, surely it will tend to happen again sooner or later.
- axlee 5y agoIt is, as always, an inequality issue. Sadly, the alternative is not acceptable in a neoliberal world: no european company is willing or able to pay up for a promising technology as much as Google, Apple or Amazon will, but nation-states definitely can.
- onion2k 5y agoIf we stopped them buying competitors they'd just build their own competitor, and then the founders with the original idea would probably lose and nothing else would change. At least while FAANGs buy up their competitors the founders get an exit.