Alphabet unit Google lost an appeal against a 2.42-billion-euro ($2.8-billion) antitrust decision on Wednesday, a major win for Europe's competition chief in the first of three court rulings central to the EU push to regulate big tech.
Yes of course, but “too big to fail” is not an argument to not break up monopolies (if that was the case, it needs to be nationalized). Because, in the scenario of “too big to fail”, the issue is rather the opposite; a company posing a risk to the nation if they fail to secure profit at all moral and societal cost. I mean, if a company is irreplaceable with no room to be replaced by another, it no longer plays the game of capitalism as it will be kept in operation through taxes due to a failure to be profitable.
It totally is. Pure capitalism is about profit at all moral and societal costs.
Yes of course, but “too big to fail” is not an argument to not break up monopolies (if that was the case, it needs to be nationalized). Because, in the scenario of “too big to fail”, the issue is rather the opposite; a company posing a risk to the nation if they fail to secure profit at all moral and societal cost. I mean, if a company is irreplaceable with no room to be replaced by another, it no longer plays the game of capitalism as it will be kept in operation through taxes due to a failure to be profitable.