The European Union’s €1 billion-plus fine of Intel, (nearly $1.5 billion) for illegal, monopolistic sales practices beats its Microsoft fine by more than €100 million.
It’s another sign, here in the 21st century, that the EU is serious about restraining big businesses’ attempts to avoid regulation in the post-WTO world.
Because the Eurozone has a larger population than the U.S., a more aggressive attitude on regulation, AND (at least for now, see poll in right-hand rail) a larger economy than America, these actions will continue to happen, and continue to mean something.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
May 13, 2009
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