Sunday, July 06, 2014

Regulation

EU regulators go after internet giants.
"He believes that, as a last resort, there may be a case for "unbundling" Google, separating its search arm from mobile, or YouTube, or services such as email.
As a first step, he is in favour of regulation that allows competitors to use the Google platform fairly. The pushback against Amazon has also begun: as of last year, the online retailer can no longer stop independent sellers on its German website from offering their own goods cheaper elsewhere, including on their own websites."
The government created these giants with patents, and now it's trying to fix the problem with more regulation. It will just make things worse.

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