Re:France and Germany Agree to Block Facebook's Libra
by blub on Saturday September 14, 2019 @04:07PM
(#20973400)
That's precisely the right decision if those industries have national significance.
Re:France and Germany Agree to Block Facebook's Libra
by nprateem on Saturday September 14, 2019 @05:20PM
(#20973886)
It amounts to "these multinational companies employ armies of accountants to use every trick in the book to avoid paying taxes on all the sales they've made in our country, and it's not fair"
This amounts to "our country is bad at [thing], so let's restrict trade for [thing] to protect our industries."
Of course it sounds great until other countries counter by restricting the thing you are good at, and then everyone loses.