6 ms·

The EU is just shaking down foreign companies because they can't compete.

orwin 3y ago
The EU has actually enforce anti-monopolistic laws, even if it's quite slow. You should compare history of the food industry in Europe and in North America, I think this show well how much the US politicians changed over the last 50 years.
vertis 3y ago
The EU is protecting it's citizens. You don't have to spend very much time comparing the EU (and Europe in general) to the US to find differences in philosophy. US has a very individual centric attitude where everyone is an temporarily inconvenienced millionare and Europe has a much more collective attitude. I will take the European attitude over the US one any day of the week (and I'm from neither, I'm Antipodean). Every billionare is a policy failure.
- dotandgtfo 3y ago
  Not to mention that Booking.com is a European company that has explicitly been targeted by the upcoming digital markets act.
  - dantheman 3y ago
    Booking.com got bought by priceline.
_jal 3y ago
You can phrase it in whatever way you prefer, but GP's point remains - a fine measured as a percentage of global revenue has been demonstrated to modify huge corporations' behavior. FWIW, I think the EU's recent legal behavior is only about 1/3 foreign-company envy. There's a lot of misguided do-gooderism and a large dash of control-freakery, too, not to mention intelligence and LEO wishlists.
isoprophlex 3y ago
But look at what "to compete" means in the European point of view, look at how they see the practices that you describe as "being competitive": nefarious, unethical practices to fuel growth for the hell of it. If they can't compete on some short-term, enshittification-causing metric, fine by me.
olddustytrail 3y ago
Aww, is that what you tell yourself?
arp242 3y ago
Aside from the fact that booking.com is a Dutch company (although Booking Holding is US, so who the hell knows any more as I have no idea how that all fits together...), no one is forcing anyone to do business in Europe. If you don't like the rules then don't play; that's fine, no hard feelings. That's how it works everywhere, including in the US. What you DON'T get to do is set the rules for OUR countries. Several of these companies have been under the misapprehension that's how things work, and they are being (slowly) cured of that delusion (far too late, but better late than never...)

The EU has actually enforce anti-monopolistic laws, even if it's quite slow. You should compare history of the food industry in Europe and in North America, I think this show well how much the US politicians changed over the last 50 years.

vertis 3y ago

The EU is protecting it's citizens. You don't have to spend very much time comparing the EU (and Europe in general) to the US to find differences in philosophy. US has a very individual centric attitude where everyone is an temporarily inconvenienced millionare and Europe has a much more collective attitude. I will take the European attitude over the US one any day of the week (and I'm from neither, I'm Antipodean). Every billionare is a policy failure.

dotandgtfo 3y ago
Not to mention that Booking.com is a European company that has explicitly been targeted by the upcoming digital markets act.
- dantheman 3y ago
  Booking.com got bought by priceline.

_jal 3y ago

You can phrase it in whatever way you prefer, but GP's point remains - a fine measured as a percentage of global revenue has been demonstrated to modify huge corporations' behavior. FWIW, I think the EU's recent legal behavior is only about 1/3 foreign-company envy. There's a lot of misguided do-gooderism and a large dash of control-freakery, too, not to mention intelligence and LEO wishlists.

isoprophlex 3y ago

But look at what "to compete" means in the European point of view, look at how they see the practices that you describe as "being competitive": nefarious, unethical practices to fuel growth for the hell of it. If they can't compete on some short-term, enshittification-causing metric, fine by me.

olddustytrail 3y ago

Aww, is that what you tell yourself?

arp242 3y ago

Aside from the fact that booking.com is a Dutch company (although Booking Holding is US, so who the hell knows any more as I have no idea how that all fits together...), no one is forcing anyone to do business in Europe. If you don't like the rules then don't play; that's fine, no hard feelings. That's how it works everywhere, including in the US. What you DON'T get to do is set the rules for OUR countries. Several of these companies have been under the misapprehension that's how things work, and they are being (slowly) cured of that delusion (far too late, but better late than never...)