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Many of these problems result from lack of regulation. Regulations are necessary to preserve free and open markets, prevent monopolies and protect competition.
by concinds 5y ago
Many of these problems result from lack of regulation.
Regulations are necessary to preserve free and open markets, prevent monopolies and protect competition.
Two companies having total control over the app economy and taking 15-30% of revenues stifles innovation. Lack of antitrust enforcement stifles innovation. You're against antitrust enforcement, yet it would increase economic freedom, not reduce it, by allowing smaller companies to compete.
You also want Europe to come up with its dominant search engine or mobile OS. There's no longer any chance of that happening, because of network effects. There is simply no way for any European company to come up with a superior OS, or superior social network, since they lack the network effects; since they can't have a superior product, they can never compete, and can never displace US incumbents.
The only way Europe will have its own tech giants in current markets (not in some new markets, like VR, that's still perfectly possible) is if they do what China did: ban US tech, and aggressively fund alternatives. Both of which would be against your economic preferences. "Free markets" have certain benefits, but they won't achieve what you believe they will; actually quite the opposite.