alt Hacker News> The problem is bureaucracy; too many regulations and massive hidden corruption
I keep hearing the "too many regulations" argument, and I totally disagree. Too few regulations (or rather no enforcement of them) resulted in the TooBigTech monopolies we have today. Of course, they got so successful because of the lack of regulations, but now it's simply impossible to compete with them. Removing regulations (assuming that there are regulations that impact them today, which I doubt) would help them, not the competition.
And we have precedents:
* Whenever the EU tries to do some antitrust, it impacts TooBigTech (which is almost exclusively US), and as a result the US bullies the EU to stop it. If regulations were weakening the EU, why would the US government fight them?
* Let's continue with the US as the example of fewer bureaucracy in this case (the complaint is that the EU cannot compete with the US because of the EU's bureaucracy): look at examples where a non-US company takes over a market (or threatens to take it over). Huawei smartphones (not the infrastructure like antennas, this is different), TikTok, DJI. What do US companies do to win against them? They lobby like crazy to add regulations that will stop the competition.
The US hasn't managed to compete with TikTok: they made it illegal instead.
When Huawei was becoming very big in smartphones in the US, they got banned.
The US hasn't managed to compete with DJI, and the biggest US drone companies are spending a ton of resources trying to get DJI banned. DJI is so superior that even banning them is tricky: it has to be done slowly because banning them right away would disrupt entire industries for lack of viable alternatives. That's how far US drones are from DJI drones.
"Too many regulations" is wrong. The successful players get protection from their government (be it the US or China), and it's high time the EU protected its own players, too. With regulations, just like the US and China does (when they don't abuse their dominant position to bully the EU).
That seems like a lot of words to basically just admit that Europe’s regulations are anti-competitive.
I especially enjoyed reading the logical fallacy of drone companies that are so small/non-existent that DJI cannot be banned quickly, but those same companies mysteriously have enough money to bribe politicians for a ban (and the much bigger DJI can’t outbid them).
Also: You wrote in a previous comment that nobody can compete with Apple due to lack of antitrust regulation:
> > Is there anything that stops today anyone from starting a new Google or a new Microsoft or a new Apple in Europe?
> The same thing that stops anyone from starting a new Google or Microsoft or Apple in the US, probably.
But now you are saying that Huawei was about to unseat them and therefore needed to be banned. So… which is it?