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European Commission fines Google €2.42B for abusing dominance

europa.eu

41–50 of 702 posts

Re: European Commission fines Google €2.42B for abusing dominance

#41
post #22

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.

Exactly. I think the most goods will be provided by 5-10 mega corporations in the next 10 to 20 years.

Re: European Commission fines Google €2.42B for abusing dominance

#42
What would Google have to do to ignore this fine? If they cut any physical presence in the EU, would the EC have any way to enforce this fine?

Put 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

#43
post #14

Google'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? ...

It's pretty much spot on.

Re: European Commission fines Google €2.42B for abusing dominance

#45

what'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?

Considering how big the EU market is I'm sure the profit Google derives from it is many times this judgement.

Re: European Commission fines Google €2.42B for abusing dominance

#46
post #17
post #10

Earlier 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...

That's not really an argument. "Google could always not operate in the EU if so they wished"

Re: European Commission fines Google €2.42B for abusing dominance

#47

Capitalism is like a competition that when you win you don't ever get to play again.

The game has rules that keeps it broadly beneficial.

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

#48
post #25
post #5

Earlier 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…

> The internet isn't a finite natural resource

... but human attention is.

Re: European Commission fines Google €2.42B for abusing dominance

#49
Please enlighten me: What kind of monopoly would that be? Much as I detest an awful lot of Google, I have never once been - and know of noone else who has ever been - forced to use their search against my will. In fact, I get along fine without it, as well as without their analytics and their browser and their cloud stuff, excepting of course that I am often forced to correspond with gmail addresses.

Re: European Commission fines Google €2.42B for abusing dominance

#50
post #22

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.

Somewhat related: I'm finding that the prevailing wisdom about conglomerates being a failed experiment is being put to the test and found wanting by Amazon, which has (over the course of the new century) transformed itself into an aggregate of concerns with no obvious interrelation.
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