[ExI] Europe is coming for Big Tech. Biden's victory won't change that

[John Grigg]

 "Europe has turned itself into the cop on the Big Tech beat, repeatedly
enforcing its rules and hitting the industry's top
American companies with huge fines. That's not going to change when Joe
Biden is sworn in as US president.

Because Europe doesn't have tech companies that can compete with Silicon
Valley's big names or China's tech champions,
the region's response is to try to exert influence through regulation,
Eurasia Group's Peker said.The thinking: Europe is a
huge consumer market, so it should have a hand in setting online norms.
"Europe sees an opening," Peker said. In his view,
a change in administration in the United States won't alter the calculus.
On issues like antitrust, there's a consensus in Europe
and the United States that more should be done to rein in Big Tech.

Both Republicans and Democrats in the United States are more comfortable
with the possibility of curbing Silicon Valley's power
than they were just a few years ago. House Democrats recently published
<https://edition.cnn.com/2020/10/06/tech/congress-big-tech-antitrust-report/index.html>
a congressional investigation that found Amazon, Apple
(AAPL
<https://money.cnn.com/quote/quote.html?symb=AAPL&source=story_quote_link>),
Google and Facebook hold "monopoly power" in key business segments, while
the Department of Justice last month
accused Google
<https://edition.cnn.com/2020/10/20/tech/doj-google-antitrust-case/index.html>
of stifling competition to maintain its powerful position in the
marketplace for online search."

And why didn't Europe develop powerful tech companies like America and
China Did? Are they only talented bureaucrats at this point?

https://edition.cnn.com/2020/11/12/tech/europe-tech-biden/index.html
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