Regardless US tech monopolies are almost as dominant in the EU as in they are in the US”. At least local companies wouldn’t syphon money to a different continent and could be regulated
I did not said europe does not have monopolies. I said America has "winner takes all" economy that systematically creates monopolies everywhere you look. It does not create competition, it creates what you call "incumbent".
Americans look down on markets where middle sized companies constanty fight for customers. Great company is the one that has say in goverment, cornered market and trying to make it comply to law is seen as attack.
Yeah exactly and they are only barely more regulated in the EU. Apple, Google, Microslop and FB almost completely control their respective markets in the EU to a comparable degree they do in the US. Its still winner takes all.
EU might fine them occasionally but that’s just the cost of doing business with hardly any consequences (remember the third part iOS app stores in the EU? I barely do…)
Outside of tech there are plenty of homegrown conglomerates and oligopolies in the EU, I don’t see how is there meanimgfully more competition outside of low value added sectors where small/medium companies are fighting for scraps.
> Great company is the one that has say in goverment
Yeah, exactly the same as in Europe (and unlike in the US there are hardly many alternatives besides going that route if you want to grow signficantly).
> trying to make it comply to law is seen as attack.
That might be a differentiator, of course companies generally find it less objectionable to comply with laws they had a significant say in writing like in much of Europe.