BRUSSELS—The European Union should regulate Internet platforms in a way that allows a new generation of European operators to overtake the dominant U.S. players, the bloc’s digital czar said, in an unusually blunt assessment of the risks that U.S. Web giants are viewed as posing to the continent’s industrial heartland.
If you have trouble spotting the irony, read the comments:
here go the clowns, er, the EU regulators again. if you can't compete, then regulate, subsidize and then raise all kinds of protectionist barriers. That might have worked for Airbus, but the digital world has low barriers to entry and is fast moving. Add to it worker protection regulations, limit foreign workers and well...no wonder Herr Oettinger is sounding so frustrated.
... The EU has never stopped to seriously consider why their economic system fails to promote the innovation that leads to Google, Facebook, and Apple. Yet, their very response shows why they fail: their answer is more government regulation and market manipulation. I predict that in 10 years the EU will STILL be lagging since they're focused on today's technology and not innovating for tomorrow.
.... Step 1: Tie legs together before entering race against everyone else.
Step 2: Insist that everyone ahead of you tie their legs together until you catch up.
Step 3: ?
Imagine these guys running the Olympics.