May 30, 2020

Time To Tell Socialist European Union: “Hands Off Private Enterprise!”

Time To Tell Socialist European Union: “Hands Off Private Enterprise!”

Time To Tell Socialist European Union: “Hands Off Private Enterprise!”

If you believe that European Union’s ambitious Competition Commissioner Margrethe Vestager is hitting Alphabet (Google) with a $5-billion fine to protect European consumers, you’re buying straight into the EU’s political drive that seeks to replace Free Market Capitalism with Socialism and maybe should send for one of her knitted elephants.

By hitting Google the biggest fine in its history, the EU has opened the door to socialist takeover of free enterprise.

No one is saying where a bureaucracy composed of unelected members gets the right to confiscate 5 percent of Google’s average daily worldwide revenue

“The European Union hit Google with a record antitrust fine for abusing the dominance of its Android mobile operating system.” (CNBC, July 18, 2018)

“It ordered Google to put an end to “ILLEGAL” conduct within 90 days, or else face additional charges of up to 5 percent of Alphabet’s average daily worldwide revenue.”

It wasn’t any court of law that found Google guilty of illegal activity but up-and-coming EU star Margrethe Vestager with less than 4 years in office.

“The $5-billion pay-dirt ruling comes little over a year after the EU fined the company $2.7 billion for favoring its shopping service over competitors.” (CNBC)

No one is saying where a bureaucracy composed of unelected members gets the right to confiscate 5 percent of Google’s average daily worldwide revenue, or how this could be called 21st Century Highway Robbery by an organization which lives by Socialist rule.

An international upstart who sees everything her way, Vestager doesn’t see Google as an American company but as a private company in whose riches the EU can share.

While the Alphabet-owned Google isn’t everyone’s cup of tea, it is after all, private enterprise developing its own products.

Source: Canada Free Press

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