The European Union (EU) and most of its 27 member countries have an abysmal record of spawning new and innovative technology companies that could improve the lives of its people. Despite that, some U.S. regulators are pushing hard to apply the EU’s practices here.
The Federal Trade Commission (FTC) and the U.S. Department of Justice’s Antitrust Division are already working closely with their counterparts in the EU against U.S. companies. Under just one law – the Digital Markets Act – the EU could confiscate tens of billions of dollars annually from large U.S. tech companies.
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