EU Denies Picking on US Tech Giants (yahoo.com) 62
Europe's new tech rule aims to keep digital markets open and is not targeted at U.S. tech giants, EU antitrust and tech chiefs told U.S. congressmen, reminding them that U.S. enforcers have in recent years also cracked down on these companies. From a report: The comments by EU antitrust chief Teresa Ribera and EU tech chief Henna Virkkunnen came after U.S. House Judiciary Chair Jim Jordan and Scott Fitzgerald, chairman of the subcommittee on the administrative state, regulatory reform and antitrust demanded clarifications on the Digital Markets Act (DMA).
"The DMA does not target U.S. companies," Ribera and Virkkunnen wrote in a joint letter dated March 6 to Jordan and Fitzgerald seen by Reuters. "It applies to all companies which fulfil the clearly defined criteria for being designated as a gatekeeper in the European Union irrespective of where they are headquartered," they said.
"The DMA does not target U.S. companies," Ribera and Virkkunnen wrote in a joint letter dated March 6 to Jordan and Fitzgerald seen by Reuters. "It applies to all companies which fulfil the clearly defined criteria for being designated as a gatekeeper in the European Union irrespective of where they are headquartered," they said.
Re:LOL (Score:4, Insightful)
"he types as he sits comfortably in his home, coddled by 80+ years of unhistorical peace in Europe and the world and living a life supported by the wealth of American created through hegemony"
"this shit sucks" and sips a bit of coffee delivered to him via international markets protected by decades of free trade and military alliances
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The US' driving foreign policy has not been pro-union to anyone except perhaps Israel so I'm not sure what you mean by that. International union busting with violence and terror is the US' preference. The US has no democratic international impulse, and ever since WWII europe has been the staging ground for continuous war against communists ala Gladio. The US' heel turn and sudden ostensible preference for Russia has about as much meaning and significance as any of John Cena's heel turns.
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Re:LOL (Score:5, Informative)
It's on you to define why is a trade deficit with the EU is bad.
Most economists take the position they are neither good nor bad, they are just are, you have to look further to make that determination. Seeing as the EU is (or was) a strong ally of the US it's in everyone's benefits to engage in trade with them. Even Trump's Ukraine minerals deal if it went through would have likely created a trade deficit with Ukraine. Would that make the deal bad?
Adam Smith put it this way: “If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them . In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest. The proposition is so very manifest that it seems ridiculous to take any pains to prove it; nor could it ever have been called in question had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind. Their interest is, in this respect, directly opposite to that of the great body of the people.”
Re:LOL (Score:5, Insightful)
The trade deficit is actually a benefit to the US, because it makes the US Dollar something of a reserve currency. Without that constant net outflow of USD, it wouldn't be so universal.
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The trade deficit is actually a benefit to the US, because it makes the US Dollar something of a reserve currency. Without that constant net outflow of USD, it wouldn't be so universal.
A few years of Trump will likely change that.
Countries that are heavily reliant on the USD are seeing their exchange rate (and purchasing power) slide in recent days... Good for us who earn GBP (or EUR).
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The missing element from basic comparative advantage type arguments is self determination. When you are a small part of a kingdom, self determination is not something you have or
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The US drove and supported initiatives for uniting Europe before the Europeans even did- before the ink was even dry on the peace treaties.
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Correcting for the context mismatch, your statement was completely truthful.
Way to parrot FSB propaganda-the EU is #1 partner (Score:5, Interesting)
The EU tries to gaslight about Trap laws to the American political party that invented trap laws.
Worthless allies, terrible trade partners. American policy should focus dividing the EU so we can cut individual deals with national markets. The whole pro-union position has been terrible foreign policy for us.
The EU is LITERALLY our biggest export market. Did you forget we have Google in the USA [wikipedia.org]. Besides the fact that you're stating Kremlin propaganda, you must also be ignorant of history an how many EU nations stepped in to help us during many of our Middle East escapades, for better or worse for the rest of the world. Despite it not being in their interests, they had our back.
I know the Trump Administration favors Russia over the EU for reasons unspecified, but deprioritizing our longest allies and some of our strongest trading partners is abysmally stupid. This weird pro-Russia Trump bullshit won't last. Once Trump dies and his movement ends, the EU will be there, so will our allies, like Canada, Mexico, Japan, and S Korea. If you're betting on Russia over the EU, you clearly know nothing about the economy, defense, demographics, technology, or even food production. The future for Russia is bleak and for the sake of their neighbors, their demise can't happen soon enough. The EU? They're going to be just fine.
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No. i am betting on America.
Good luck. You will need it.
Re:Way to parrot FSB propaganda-the EU is #1 partn (Score:5, Insightful)
The only time Article 5 was called upon in NATO's history was the by the United States after 9/11 and as of 2020 19 NATO countries still had active troops in the country. Vast majority were still American but still, we made the call and our allies responded. Coalition casualties in Afghanistan [wikipedia.org]
"Freedom Fries" came later for Iraq II of which there was no Article 5 call (wouldn't qualify) and France decided it was a bad idea and history proved them right in the end on that one.
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Oh yes, we even named "Freedom Fries" in remembrance, to celebrate that "help".
I don't know why a known russkie troll would claim "we" in relation with the US, but some of the dumber US republican renaming French fries resulted in the so-called Iraqi war.
The Iraqi war left putin's russia permanently rich, the US of dubya poorer to the tune of a few trillion of 2001-2003 dollars and undermined the "international law and order" doctrine severely.
Was it worth it in retrospect, dumbfuck?
Re:Way to parrot FSB propaganda-the EU is #1 partn (Score:5, Insightful)
And even setting politics aside - prioritizing a relatively poor and backwards nation like Russia and its 140 million people over the EU and its 440 million people simply doesn't make much business sense.
Sometimes I think a big driver behind all this downsizing mania is to attempt to minimize the chance that someone in the FBI might do some deep digging into the background finances of these guys - we might learn that a good chunk of Bannon's income has been tied to Russia for decades, or what compromising information exactly Putin has on Trump.
Re:LOL (Score:5, Insightful)
As for worthless allies... NATO's article 5 has been invoked once in its history, by the US, after the 9/11 attacks. And in response, its allies stepped up to help.
Don't listen to what Bannon has to say on the EU, he's full of crap. He's the one talking of breaking the EU, hitting Brussels to kill globalism "like driving a stake through the heart of the vampire"
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I sure am glad someone as fucking ignorant as you can vote.
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What's with people using the Troll mod when they get upset about hearing the truth lately? It's happening across politics and technology discussions.
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Demographic shift to younger folks who have grown up with the concept of subjective facts and "your own truth" would be my guess.
Re:LOL (Score:4, Insightful)
Worthless allies, terrible trade partners.
If that were true then why didn't anyone from Reagan onward fix it?
Re:LOL (Score:5, Insightful)
Worthless allies, terrible trade partners. European policy should focus dividing the US so they can cut individual deals with States. The whole pro-union position has been terrible foreign policy for us.
See how that sounds when you turn it around?
Stop trying to sabotage our allies; ok, MAGA?
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Well done.
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I mean maybe they should; that might be in their interests. I don't expect them to NOT try to act in their own interests.
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Re: LOL (Score:2)
Sure, if your view of human interactions is that we should all be selfish assholes, then it makes sense. However there are some among us that believe that we should treat others like we want them to treat us. And it turns out that in terms of evolution, cooperation wins. So I'm unclear on why you would want to go in the opposite direction.
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When did EU become a country instead of an alliance of countries tied together by an economic treaty?
It's far more than that.
The EU has enforceable laws, and citizenship separate that of its member States.
It has courts that its member states are beholden to, can pass laws that its member states must follow.
Hint: never. EU isn't a country.
No, it's not. It's more like a confederacy.
The 50 States are not countries and never were (no, Texas doesn't count).
Several states and territories were independent countries, and yes, that does count.
The EU and US are very different. But you knew that.
There also more alike than you try to imply, but at least I'm pretty sure you actually didn't know that.
The level of ignorance about the world displayed on this site just to "win" a point is wild.
Pretty rich from the person who described the European Union as "an alli
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(/s
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(/s)
Re: LOL (Score:2)
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They should go after Cloudflare (Score:3)
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Damn Pale Moon has it rough. Was Cloudflare doing the same thing to WaterFox?
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[citation needed]
Because CloudFlare monitors what website requests happen. They don't need to know VPN endpoints, because within minutes of opening a new endpoint, DDoSes start coming out of it. Ditto Tor - people being idiots reveal al
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EU needs to make its own tech "giants". (Score:2, Interesting)
How is it that they have no alternatives to google or social media, etc.? Now is the right time to start making privacy focused alternatives.
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There's plenty but when people on a supposed "tech" site doesn't know them how is normal people supposed to?
In just search alone - Brave Search, DDG, Mullvad Leta (VPN required), SearXNG, Startpage and half of those are in the EU.
They should (Score:2, Troll)
They should bully tech giants.
US just straight up banned tiktok because they became competitive with Americans and have been bullying ASML to not deliver to anyone they don't like.
EU makes the rules in EU and it's pretty crazy that the EU just lets foreign company make huge profits by forming monopolies and cartels. EU should show some teeth and if Google, Apple and all don't like it they can just GTFO.
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Nothing happened today in Sector 83 by 9 by 12 (Score:2)
We had not seen anything to lead us to suspect they were picking on US Tech Giants, but if they're now suddenly denying it, it makes me wonder what they did.
I agree there not picking there desperate (Score:1, Troll)
The EU is bankrupt and Germany is slipping into a recession so yea the only way to shore up there bank accounts is to go after rich American companies who should just turn off all services to the EU.
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rich American companies who should just turn off all services to the EU
So weird that they don't listen to you and still keep doing business here. Who do you think is dumber, the "rich American companies" that don't follow your advice, or your advice that they don't follow?
Re: I agree there not picking there desperate (Score:2)
rich American companies who should just turn off all services to the EU
Yet these rich American companies do not turn off all services to the EU and even have offices in the EU, with lots of EU employees in them, why do you think that is?
Companies can blame themselves (Score:2)
It's not the EU's fault that some US companies decide the world should be their playground and they should be the perpetual bullies. The hubries and nerve of those companies that they are above national or regional politics or taxation is just unbelievable. And after a failed casino owner and his far right wing sidekick are incorporating their country, you get the same from US Inc who suddently think they should own Greenland, Panama and what not, and the rest of the world should act as if their country is