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I know the EU gets a lot of hate on HN, but its clear they're the last force on Earth trying to actively save it from the woes of unchecked capitalism.
by thrillgore 3y ago
I know the EU gets a lot of hate on HN, but its clear they're the last force on Earth trying to actively save it from the woes of unchecked capitalism.
- QuinnyPig 3y agoIndeed. Meanwhile here in the US no regulator had problems with Amazon buying One Medical and branching out into doctors offices.
- ErneX 3y agoThe 1st iRobot vacuum on my local Amazon top sellers list is at the 16 position, the previous spots are Chinese or other brands. I don’t really know why this deal was blocked, the competition seems to be doing pretty good.
- tiltowait 3y agoA common sentiment appears to be "Amazon (maybe Big Tech in general?) shouldn't be able to make any M&Rs ever again", as if every acquisition is anticompetitive.
- wyager 3y agoUnfortunately for the EU, there are still places in the world that are comfortable with success. Every time the EU tanks some local company, or prevents it from being viable in the first place, that productivity just goes to the US or China.
- raverbashing 3y agoExcept iRobot was an American company and the FTC was also evaluating the deal so? I suspect the problem here is a dominant retail player buying a big manufacturer
- wyager 3y agoEven more bizarre, then, that EU regulators can tank American deals
- madeofpalk 3y agoAmazon and iRobot also have EU-based companies, thus get jurisdiction.
- chucke1992 3y agoFTC is an incompetent agency whose sole goal is to tank each and every deal.
- manuelabeledo 3y ago> Every time the EU tanks some local company, or prevents it from being viable in the first place, that productivity just goes to the US or China. China, where the government promotes local monopolies and sets unreasonable hurdles to foreign competitors? That China?
- JohnFen 3y agoI agree. As a US citizen, I am getting increasingly envious of what's been happening there. We need more of it here.
- stewx 3y agoThe essence of capitalism is competition. Mega-mergers and acquisitions are antithetical to healthy capitalism since they stifle competition.