3 ms·

You're falling for the original sin of central planning..."if it reduces competition, we'll just create legislation to ensure more competition!" I'm sorry. It j

You're falling for the original sin of central planning..."if it reduces competition, we'll just create legislation to ensure more competition!" I'm sorry. It just doesn't work that way. I'd recommend looking into some of the classical failings of centrally planned economies. You don't even have to look beyond Europe, there's numerous "fun" examples of communist and/or dictator-driven central planning (USSR, Yugoslavia, Albania, Spain, etc).

piltdownman 3y ago
What's Godwin's law for discussing European legislation with American Capitalists? "As an online discussion about the EU grows longer, the probability of a false-equivalence with Communism being made approaches 1." Simply put, it works exactly the way its intended - with a legislative lag due to fierce lobbying. The song and dance made about EU Foreign Subsidy legislation in Q4 of last year is testament to exactly that https://www.wsj.com/articles/multinationals-slam-new-eu-foreign-subsidy-laws-reporting-rules-874b3e83 https://www.wsj.com/articles/multinationals-slam-new-eu-fore... Or we can look at the €8 Billion in anti-trust Rulings against Google - like in 2017, where it was found guilty of abusing market dominance and was fined €2.4 billion. Or how about in 2018 where they fined them €4.8 billion over Android and mandated the following which were implemented in October 2018? * Charging a licensing fee for the store, without requiring installation of Google apps, but making it free to pre-install the Google apps if they want. * Allowing Google's hardware partners to market devices in the EU that run rival versions of Android or other operating systems. * European users of Android phones are given an option of which browser and search engine they want on their phone at time of setup

3 ms·

You're falling for the original sin of central planning..."if it reduces competition, we'll just create legislation to ensure more competition!" I'm sorry. It j

by pembrook 3y ago

piltdownman 3y ago
What's Godwin's law for discussing European legislation with American Capitalists? "As an online discussion about the EU grows longer, the probability of a false-equivalence with Communism being made approaches 1." Simply put, it works exactly the way its intended - with a legislative lag due to fierce lobbying. The song and dance made about EU Foreign Subsidy legislation in Q4 of last year is testament to exactly that https://www.wsj.com/articles/multinationals-slam-new-eu-foreign-subsidy-laws-reporting-rules-874b3e83 https://www.wsj.com/articles/multinationals-slam-new-eu-fore... Or we can look at the €8 Billion in anti-trust Rulings against Google - like in 2017, where it was found guilty of abusing market dominance and was fined €2.4 billion. Or how about in 2018 where they fined them €4.8 billion over Android and mandated the following which were implemented in October 2018? * Charging a licensing fee for the store, without requiring installation of Google apps, but making it free to pre-install the Google apps if they want. * Allowing Google's hardware partners to market devices in the EU that run rival versions of Android or other operating systems. * European users of Android phones are given an option of which browser and search engine they want on their phone at time of setup