Re:Should we break up the big tech companies?
by TheCoelacanth on Monday July 24, 2017 @04:15PM
(#14842236)
Obviously you would need to have a blanket ban on overly large corporations operating in your country and on goods and services produced by overly large corporations being imported into your country. You couldn't apply it only to domestic corporations.
Re:Should we break up the big tech companies?
by Mystrl on Monday July 24, 2017 @04:47PM
(#14842531)
And how would this be implemented? Are you proposing every country creates their own equivalent of the great firewall?
Re:Should we break up the big tech companies?
by TheCoelacanth on Monday July 24, 2017 @07:17PM
(#14843627)
No, just punish any companies that break the law by seizing assets and imprisoning employees in the country.
Re:Should we break up the big tech companies?
by mindentropy on Tuesday July 25, 2017 @06:44AM
(#14846668)
Genuinely curious as to why you say Europe has handicapped its business? They are just more regulated. If the businesses are handicapped why is Germany still a giant in manufacturing?
Re:Should we break up the big tech companies?
by malandrew on Tuesday July 25, 2017 @06:30PM
(#14852431)
One nation out of 28 in the EU?
To answer your question, the reason Germany does best is because they are in the EU. Under the Deutschmark, increased exports would have increased the value of their currency and hurt exports. With the Euro, they generously benefit from the fact that they can export to the entirety of Europe without experiencing currency appreciation and the current account weakness of other European states means that the value of the Euro is kept lower than the Deutschmark would be, meaning that Germany gets an added export advantage in international trade.
How many new major European multi-nationals have been created since the creation of the EU?
This line of thinking is how you end up like Europe that today consumes goods and services produced almost entirely by large US tech companies. If you handicap the American tech giants this way, prepare for a world where the only remaining tech giants dominating globally are Chinese, Korean and Japanese (it wouldn't be Europe because Europe has already handicapped its businesses).
I'm honestly amazed that most people that don't realize that your country's businesses are in competition with all the businesses of other countries. A well meaning policy that would be good for your nation pre-globalization will handicap and disadvantage your country's economy now that globalization is the status quo.
Economic nationalism is a prerequisite if you want to live in an economically prosperous nation.