3 ms·

it's crazy how many times US companies went to EU courts, would it GDPR, taxes, monopolies, etc etc

• okanat 3y ago
  Because they are the ones that can exploit lax laws of the US (or lax execution). The reason the big companies became big is since 80s almost no company got broken by the US. The US is mostly a single culture and people mostly speak a single language. It is already easier to found more successful companies in the US. Then the laws give much more leeway in workers rights, privacy rights and environment protection in the US. When those companies enter EU market, they try to steamroll the existing EU ones who did everything by the book. They can exploit loopholes better, they can get better loans (sometimes at the expense of natural persons' accounts) and sell for a loss for longer, they can hire lawyers to delay decisions while forcing other competitors into bankruptcy. This reduces actual competition and innovation. Not the best, most beneficial product with better operational cost, customer benefit or even the best profit wins. The one that can inflate their value the most wins. Amazon is a great example of that. Their store sucks in every single way. Filtering sucks, search sucks, quality sucks, delivery sucks, returns except the Amazon center suck. There are way better stores in just Germany than Amazon. But everybody buys at Amazon because they can strong arm sellers to reduce prices to unreasonable levels and avoid strong tax laws. Some people in the EU see this as an actual problem for the economy and act. They try to level the playing field. The US government sleeps on the laws so the companies grow stronger and try to do even more misdeeds globally which also negatively affects EU.