Capitalism is like a competition that when you win you don't ever get to play again.
Unrestricted capitalism will just converge to one single corporation.
European Commission fines Google €2.42B for abusing dominance
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Re: European Commission fines Google €2.42B for abusing dominance
#42Put another way, if the EU tried to take money from some random e.g. American or Japanese company without a physical presence in the EU, what channels could the EU use to twist their arm across national boundaries?
Somewhat related, there could be good money in providing an explicitly non-hostile legal environment for companies, where they won't get in trouble for e.g. promoting their own services or offering services for free [1].
[1]: https://www.theguardian.com/technology/2012/feb/03/google-fi...
Re: European Commission fines Google €2.42B for abusing dominance
#43Google's flagship product is the Google search engine, which provides search results to consumers, who pay for the service with their data. anyone else finding the plainness of that last sentence to be staggering? ...
Re: European Commission fines Google €2.42B for abusing dominance
#44I wish they would add an additional 1 billion fine for AMP.
Re: European Commission fines Google €2.42B for abusing dominance
#45what's stopping google from shutting up shop in the EU. would they have to block EU access? how much revenue do they make from EU clients?
Re: European Commission fines Google €2.42B for abusing dominance
#46Earlier quoted context omitted.
It's more like a game where others should have the chance to win at one point, just like you did.
Europeans could always use one of the other (European?) search engines if so they wished. http://searchengineland.com/alternatives-to-google-in-europe...
Re: European Commission fines Google €2.42B for abusing dominance
#47Capitalism is like a competition that when you win you don't ever get to play again.
You win by being the natural favorite of users' free choice of exchange, not by eradicating the ability of others to compete. We need more penalties like this for those usurping the concept of the market.
Re: European Commission fines Google €2.42B for abusing dominance
#48Earlier quoted context omitted.
Actually, I'm not sure you get it. It's not about being big, it's about using a monopoly position in one field to gain entry to another. If you're big but not a monopolist, and you do the exact same thing, then way less of a problem. Hence Apple could bundle Safari with iOS but Microsoft couldn't bundle IE with Windows XP in the exact same way.
I avoided the word "monopoly" for a reason. The internet isn't a finite natural resource, Google doesn't own it, there are other players in the field, and nothing stops new players fron entering. You're also interpreting the word "big" perhaps too literally. In your example, Apple is not big in the sense I mean. Microsoft might be, but that doesn't mean I agree with the judgement against them. If people like your pro…
... but human attention is.
Re: European Commission fines Google €2.42B for abusing dominance
#49Re: European Commission fines Google €2.42B for abusing dominance
#50Capitalism is like a competition that when you win you don't ever get to play again.
Unrestricted capitalism will just converge to one single corporation.