They really weren’t that effective with Microsoft then either. The antitrust was far too late for Netscape and allowed Microsoft to hold a dominate market share with IE until they allowed the browser to deprecate and Google came in with a much better browser and took over the browser market (and are now doing the same bullshit).
As long as we keep giving these companies meaningless fines or wait until the damage is irreversible companies are going to always push the limit and look at any repercussions as just a cost of doing business.
That is why I am in favour of the financial death penalty. Fines should be 10x the damage done. If a company cannot pay it, they are required to become a non profit.
I think a better solution is one year of global revenue (not profit) as it’s really hard to determine damages in cases like this. That way, it’s legitimately a death sentence regardless of the size or scale of the company. If you set the fines at an amount not linked to profit or revenue, all you’re doing is making it extremely hard for the little guy but less hard for the big corporations - the ones you really want to go after.
They really weren’t that effective with Microsoft then either. The antitrust was far too late for Netscape and allowed Microsoft to hold a dominate market share with IE until they allowed the browser to deprecate and Google came in with a much better browser and took over the browser market (and are now doing the same bullshit).
As long as we keep giving these companies meaningless fines or wait until the damage is irreversible companies are going to always push the limit and look at any repercussions as just a cost of doing business.
So yeah, not much faith in anything changing.
That is why I am in favour of the financial death penalty. Fines should be 10x the damage done. If a company cannot pay it, they are required to become a non profit.
I think a better solution is one year of global revenue (not profit) as it’s really hard to determine damages in cases like this. That way, it’s legitimately a death sentence regardless of the size or scale of the company. If you set the fines at an amount not linked to profit or revenue, all you’re doing is making it extremely hard for the little guy but less hard for the big corporations - the ones you really want to go after.
I like it, much more practical.
What are your monetary damages for this?