While some people are starting to feel that Google deserves to be treated the same way Microsoft was during the 90s, in Europe, regulators are still pretty hung up on Microsoft. This has been obvious for quite some time, as, in recent years, the EU has gone after the company on things like security, the bundling of the Windows Media Player and the creation of its own document authoring tools. Now, EU antitrust czar Neelie Kroes is warning the company that it if it doesn't bend to the EU's will, it may be forced to undergo a "structural remedy", which is just a fancy way of threatening to break up the company. With all respect to Kroes, we really wonder what decade she's living in. In the 90s, you could make the argument that Microsoft's desktop monopoly allowed it to squash its competitors (Netscape, most notably) in a way that was harmful to the market. But where's the market failure today? Where are the competitors that Microsoft is systematically locking out of the market? As the rise of Google (and a host of other companies) indicates, the market is working just fine at delivering a dynamic tech industry.
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