Google China
China is in talks with Google, Reuters reports
Li Yizhong, minister of China's Ministry of Industry and Information Technology, said that the government is in consultations with Google (GOOG) to resolve its dispute with the company, Reuters reports. A Google spokesperson was not available for comment. Reference Link :theflyonthewall.com
Google illustrates the market power of big business dealing with a government -- not ours. Without the political distortion of our own political bias, we see what can happen. Thank you Google for championing the cause of goodness. But, can we say the same for some other over bloated US "Big Business," "too big to fail" --- monopolies that should have died of obsolescence? Most of them have the market power to deal with government in such a way as to maintain their monopolistic control of the market and to deny inconvenient competitive innovation.
Labels: Economics
0 Comments:
Post a Comment
<< Home