Commission's Domination in Market Policies
In a recent statement, Jürgen Kühling, the newly appointed chairman of the Monopoly Commission, has expressed concerns over the duration of the ongoing Google case and the measures taken by European competition authorities against US internet giants such as Google, Amazon, and Facebook.
Kühling argues that the current resources and capacities of the antitrust authorities are insufficient to effectively confront these dominant market players on equal footing. He calls for increased staffing in these authorities, including the hiring of computer scientists, to enable them to compete more effectively.
The chairman also points out significant information asymmetries in these cases, suggesting that the authorities bear the full burden of proof. Despite the remedies implemented against these tech giants, no noticeable boost in competition on affected markets has been observed.
Kühling asserts that European competition authorities are fighting U.S. internet giants with inadequate tools. He criticizes the remedies in cases against Google, Amazon, and Facebook, asserting that they have not been effective in promoting competition.
The article, which can be shared via various platforms and emailed, features a photo of a Google user at a computer, provided by dts Nachrichtenagentur.
This news article serves as a call for action, urging for a strengthening of competition authorities to better tackle the challenges posed by market-dominant companies in the digital economy.
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