And I am not a fan of the EU's approach to regulation, economically they are already failing and I predict that it only gets worse.
Free markets win every time.
Without really no knowledge of the Google ruling in my opinion it seems that it's a flick to show Google that there is a line that it can't cross. Maybe Google in all of its superiority has become too arrogant, who knows.
And free markets work only if they are fairly regulated. If there was no penalty from abusing your monopoly you think companies wouldn't do it? I think even Google wouldn't be all the goody-goody with its business practices if we'd let its actions go unchecked. Granted Google seems better than most.
Unless they result in a monopoly, which has arguably happened in the case of Google. Users only want to use one place to search, Google is currently dominant and the problem seems solved well enough that no newcomers are likely to succeed in the future.
Now Google is using its monopoly on search to move into a new segment (shopping) with an unfair advantage.
How are the markets (spheres of influence) of USA, EU, and China different?
What makes one of these markets more free than the others?
> to the US absolutely destroying EU
> companies, the few that exist
Of the Fortune Global 500, the US has 134, the EU single market has 110, and China 103. So ... good luck with that?And I, as a consumer, hope that the opposite happens. The lack of regulation in the US may be great for corporations but it's definitely not for consumers. When it comes to things like privacy, most of the features I get from US companies seem to be a result of EU regulations.
Note: I live and work in the US for a major US company. I just prefer to have consumer rights than a minor bump to my stock portfolio value.