Just a couple weeks ago, the European Commission put out its plan for “European tech sovereignty.” It’s not surprising that Europeans are looking at their internet platform option…
EU companies have trouble competing with American firms because American firms are under regulated.
America lets its companies monopolize markets and grow too big and then suddenly they become behemoths that are impossible to compete with. The alternatives to Microsoft office are not clunky because they can’t be coded well, they’re clunky because they have to deal with Microsoft’s intentional efforts to avoid fair competition for office software, exact same as with Apple, Google, Meta, Amazon etc.
These are companies that gained market dominance in the US because the US does absolutely Jack Shit to ensure that markets exist with this thing called competition (i.e. 3+ competitors). These giant firms then use the resources extracted from their dominant position to rapidly expand globally and stifle competition before it exists.
America writers are often insanely blind to the fact that what they view as “inevitable technological progress”, is actually choices made by corporations and legislatures about how things should be done. Not everything needs to move at the fastest possible pace and grow to cancerous proportions, but this writer treats that as an inevitability… Ironically while writing about a region where it has been proven to not be an inevitability.
Fully agree, regulation is needed. We can exclude small companies from some of them so getting started is easy.
Similarly to what you comment on, I read studies which looked at what would need to happen for Europe to create companies of that size. They study what is holding companies back. Some of what they find may be right such as the lack of available risk capital, the availability of a unified market, and the easy connection to other companies. Yet the whole premise feels wrong. We don’t need that size of corporations. We need many smaller companies standing together as a whole.
We need a shared basis for a free market.
For those who forgot: a free market is one where many can compete on the same basis. It is not a market without rules, it is one requiring rules for a level playing field.
Yeah, pretty much every problem we are facing from climate change, to the wealth inequality are caused by the ability of corporations to consolidate and acquire power
This is horseshit.
EU companies have trouble competing with American firms because American firms are under regulated.
America lets its companies monopolize markets and grow too big and then suddenly they become behemoths that are impossible to compete with. The alternatives to Microsoft office are not clunky because they can’t be coded well, they’re clunky because they have to deal with Microsoft’s intentional efforts to avoid fair competition for office software, exact same as with Apple, Google, Meta, Amazon etc.
These are companies that gained market dominance in the US because the US does absolutely Jack Shit to ensure that markets exist with this thing called competition (i.e. 3+ competitors). These giant firms then use the resources extracted from their dominant position to rapidly expand globally and stifle competition before it exists.
America writers are often insanely blind to the fact that what they view as “inevitable technological progress”, is actually choices made by corporations and legislatures about how things should be done. Not everything needs to move at the fastest possible pace and grow to cancerous proportions, but this writer treats that as an inevitability… Ironically while writing about a region where it has been proven to not be an inevitability.
Fully agree, regulation is needed. We can exclude small companies from some of them so getting started is easy.
Similarly to what you comment on, I read studies which looked at what would need to happen for Europe to create companies of that size. They study what is holding companies back. Some of what they find may be right such as the lack of available risk capital, the availability of a unified market, and the easy connection to other companies. Yet the whole premise feels wrong. We don’t need that size of corporations. We need many smaller companies standing together as a whole.
We need a shared basis for a free market.
For those who forgot: a free market is one where many can compete on the same basis. It is not a market without rules, it is one requiring rules for a level playing field.
Yeah, pretty much every problem we are facing from climate change, to the wealth inequality are caused by the ability of corporations to consolidate and acquire power