As more and more time goes by, it appears that Britain is by far the smartest nation within the Euro sphere as the un-elected Brussels government ruling the European Union shows its stripes once again through their policies to stifle free trade on the continent.
The European Union started out so many decades ago as a way for nations, and primarily businesses on the European continent, to engage in beneficial trade in the aftermath of World War II. However, as with any alliance that grows to involve multiple countries, the trade union morphed into a draconian political union, which today has evolved into a fascist anti-free trade coalition that penalizes achievers, and props up companies that cannot compete on their own merits.
Brussels launched another volley of competition complaints against Google on Thursday, marking the latest gambit in a protracted antitrust saga.
Margrethe Vestager, the EU’s competition enforcer, issued two extra sets of charges against the US group, alleging that it abused its search clout to muscle out smaller rivals in online advertising and shopping comparison markets.
However, rather than significantly broadening the regulatory assault against Google, the moves largely consolidate the European Commission’s position as it edges towards infringement decisions and possible fines. These would only come to pass in 2017 at the earliest — some eight years after the first complaint against Google was filed.
Competition investigators generally wish to avoid additional charge sheets, which indicate their legal case is trickier than first expected. But the concession does not mean the investigation is dead — Ms Vestager stressed such follow-up charges were issued in Brussels’ successful cases against Microsoft and Intel.
Indeed, her decision signals that she is raising her stakes and is likely to see the matter through to a decision and possible fine — rather than opting for a settlement — according to legal analysts. - Mish Talk
And interestingly enough, the primary reason why European companies and startups can't compete with U.S. and Chinese equivalents? You guessed it... that same EC bureaucracy.
“Europe is stuffed to the gills with talented people with plenty of ability and ideas. Let down by lack of enlightened investment, painful (near corrupt) board level management and government that hasn’t changed since the 60s. Where are the exits for high tech in Europe? No exits = no investments.”
“Yes indeed Europe’s biggest enemy is its own unprecedented bureaucracy whose sole purpose it is to keep the status quo in the respective membership countries uniquely isolated from the other membership states and collectively the world. There exists a common platform with common laws, rules and regulations, but largely to keep others out, rather than focus to compete on the international front, both for individuals, companies and institutions! I am a Dutchman (proudly) but unfortunately living in a world where the politicians have branded everybody that earns more than them a ‘graaier’, greedy! A most unfortunate attitude, because these are the same people that draft the laws, rules and regulations! Respect for creativity, entrepreneurship, individualism, success are alien concepts to the European bureaucratic machinery.” - AIEIf you want to know why a predominantly 'Communist' country like China is rising to become the world's most powerful economy and financial system, it is because in both Europe and the United States, the incentive to achieve has been almost completely removed due to political ideologues and political correctness. And what we have in the West today is the merging of a few corporations with the State to create a fascist form of government that by its very nature stifles innovation and competition, and leads only to collapse.