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There are heaps, they're just not as big. We don't celebrate monopolies the same way you do, we don't celebrate exploiting people either.
by lillecarl 4y ago
There are heaps, they're just not as big. We don't celebrate monopolies the same way you do, we don't celebrate exploiting people either.
- renewiltord 4y agoI get it. It was an identity damaging question that was asked so it feels validating to use an identity reinforcing answer claiming that Europeans don't like monopolies etc etc However, it is curiously exactly the opposite. Europe suffers from massive regulatory capture and very few breakout disruptive companies to challenge that status quo. The classic example in the dotcom 2 era is Deutsch Telekom and their approach to laundering prices through a totally captured regulator. Of course Alstom-Siemens et al. will claim that there is no anticompetitiveness to the whole thing. But I think the truth is plain to see. Personally, I think it's the same thing as always. It's always not the masters of the present who will be the innovators of the future. It's referred to sort of in the Innovators Dilemma, but not quite. The empires of the ancient world, Chinese and Indian, did not have the Industrial Revolution. The empires of the old world did not have the Silicon Revolution. Each is too busy protecting the agents of the status quo simply because they cannot risk throwing away their present greatness for future greatness. Almost no human beings can. Perhaps Mark Zuckerberg alone can.
- astrange 4y agoEurope has more monopolies; governments like monopolies because they're easier to regulate. A lot of small companies means there's too many to keep an eye on.