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I was only explaining how things are, not whether they are good or bad. The EU is a single market consisting of many sovereign states. Sovereign states are nat
by jltsiren 5y ago
I was only explaining how things are, not whether they are good or bad.
The EU is a single market consisting of many sovereign states. Sovereign states are naturally protectionist. Each member state wants to support domestic businesses over their rivals from other member states, but a single market can't work like that. To overcome these natural tendencies, the EU set up a regulatory environment that undermines the advantages established businesses have in their home markets, in order to allow businesses from other member states successfully compete against them.
That same attitude bleeds to dealings with businesses outside the single market. EU regulators see large profits and large market shares as signs of insufficient competition, and they see insufficient competition as something inherently negative.