Thursday, January 25, 2018

We All Protect Our Own

The news is often very informative totally by accident. For example, today the Wall Street Journal and a number of websites that I frequent had references to the US placing tariffs on washing machines and certain solar devices. Those references were juxtaposition next to references to the European Union fining QUALCOMM in response to competitive practices the Europeans didn't like.

It's very interesting and one should not lose sight of the fact that European antitrust regulations are not designed to protect consumer. Rather, they are designed to protect European competitors. So, the question of the day is: Is there any difference between the European fines on QUALCOMM and the US tariffs on washing machines and solar devices? The honest answer is: No. Yet, that is hardly how the media would treat them. Is it bias or an inability to look beyond the surface?