Linked by Thom Holwerda on Wed 24th Feb 2010 11:29 UTC
Google Well, this was pretty much inevitable. With Google having pretty much a monopoly in search, it's not surprising to see authorities putting the company under a microscope, and this is exactly what the European Commission is doing. The EC has launched a fact-finding antitrust probe into Google. However, looking at where the probe originates from, some might have a sense of "ah!". Update: more bad news for Google.
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RE: The monopoly problem.
by KrimZon on Wed 24th Feb 2010 14:10 UTC in reply to "The monopoly problem."
KrimZon
Member since:
2009-06-24

At one extreme there's no regulation so the corporation can do whatever they want. At the other extreme the government owns the corporation and the corporation can do whatever they want because regulations are altered to fit.

Reply Parent Score: 1

RE[2]: The monopoly problem.
by spiderman on Wed 24th Feb 2010 15:14 in reply to "RE: The monopoly problem."
spiderman Member since:
2008-10-23

Well technically, "the government" does not own much. Nationalized entities belong to the nation, but I see what you mean. The corrupted government might abuse its power in order to serve its private interests. At least the government is not supposed to abuse its power. Even if it does, it has to hide. On the other hand, the private share holders of corporations are supposed to abuse their power to in order to serve their private interest the best they can. They don't need to hide.
I'd say that the monopolies should belong to the nation as it's less bad that private entities owning it. I'd rather see the profits made go to the nation and lower my taxes, even if some corrupted government officials get their share, rather than all that money going to fill the pockets of billionaire parasites who get it all and are proud about it.

Reply Parent Score: 2