Hance Haney from the Discovery Institute has an insightful post on the EU's evolving mercantilist legacy. Now, the Europeans don't travel to take wealth from other parts of the world, they let others come to them before having their way.

After accusing Microsoft of market dominance for commanding a mere 34% of the server market in the aggregate, European Union regulators have turned their attention to other successful American companies. Qualcomm, which offers discounts on bundled products, and Intel, which offers volume discounts, are both under investigation as a result of complaints the EU has received from American and European competitors. This is because the current generation of European leaders, like their mercantilist forbears, possess a vision of finite possibilities in which one country’s success comes at the expense of another’s.

posted by Noel Le @ 9:53 PM | International

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