At the UK national level we're seeing 'sweetheart' deals for media multinationals widely accused of tax avoidance practices, but at the EU level there appears to be appetite for challenging these global giants. Using examples such as Amazon, the EU has opened an investigation into the possible monopoly of some, which could lead to significant new regulation.
EU warns of 'point of no return' if internet firms are not regulated soon.
Showing posts with label monopoly. Show all posts
Showing posts with label monopoly. Show all posts
Monday, 27 April 2015
Saturday, 18 April 2015
DEREGULATION GLOBALISATION Robert Bork + why EU tackles Google monopoly when US doesn't
I was aware of Robert Bork, but couldn't have pinned down his relevance to the media (de)regulation issue before I'd read this excellent article by John Naughton, intriguing enough to interrupt a time out in the fading sunshine!
The news hook is that the EU have announced an investigation into Google's practices, giving them 10 weeks to respond to an accusation of monopolistic strategy. Naughton highlights the stark contrast with the US, where the FTC (Federal Trade Commission), faced with the same data as the EU's competition commissioner (the US actually passed it on!), decided not to take a case ... despite several staff apparently arguing they should.
This is where Naughton draws on the writings and influence of Robert Bork, one of the foremost theorists of the neoliberal, deregulatory ideology that has slowly gained hegemony since the New Right movements of Thatcherism and Reaganomics took hold in the early 1980s.
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