Saturday, March 22, 2008

Let me Schpank you Again, Liebchen

The EU is working hard to build an uneven playing field as a precedent for their thousand year empire. I used to suspect that the courts were being abused by EUbatting average) against large foreign companies, but am now quite convinced that the competent courts in these cases are playing along, and taking it as an entertaining or academic exercise at the expense of the eventual consumer.

Intel Defends Itself in Europe: Executives and lawyers representing microprocessor giant Intel appeared before EU regulators this week in a last-ditch effort to fend off antitrust action against the company similar to that which has plagued Microsoft recently. The hearings will continue today with representatives from Intel rival AMD explaining why, in fact, Intel needs to be curbed. "We're trying to convince the [European Commission] that this is a competitive market and that it behaves as one would expect a competitive market to behave, to the benefit of consumers," an Intel spokesperson explained. That's so cute, and I'm sure the EC will see things exactly that way, given that Intel sells over 80 percent of the microprocessors sold each year.

EU Worried that Microsoft Actions Might Harm Investments: And speaking of the EU, it turns out some there have concerns that its aggressive pursuit of Microsoft will have a negative effect on corporate investments in Europe. In a speech this week, former EU president of the Court of First Instance Bo "Duke" Vesterdorf said that slowing investment in the EU could result in slowing innovation and consumer suffering, the exact opposite of the effect the EU was shooting for when it went after Microsoft. Amazingly, Versterdorf said he regretted that Microsoft never appealed his court's decision against the company, though such an appeal had little chance of success.
After all, he might lose his meal ticket. The court’s racket is no different that the EUvian view of favoritism for well-connected and often partially state owned domestic industries. It is nothing more than trade-protectionism by another name, and it’s goal is to take without giving back, with consumers paying the difference, just as they do with their own protected industrial monopolies. If they plan on being a relic, maybe everything they do deserves to be treated as a cultural exception.

Sudden Sainthood

No comments: