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Apple vs the Law

(formularsumo.co.uk)
377 points tempodox | 1 comments | 11 Jul 25 06:49 UTC | HN request time: 0.264s | source
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simonask ◴[11 Jul 25 08:22 UTC] No.44529604[source]▶
As a European, I have to say I am generally impressed with the EU in these cases. I'm from a country that's rich and capable, but with a GDP a fraction of Apple's market cap. There is no chance that national laws and entities would be sufficient to protect my consumer rights from corporations this size.

The EU is fundamentally a centre-right, liberalist, pro-business coalition, but what that means is that it is pro-competition. What's really impressive is that it seems to mostly refrain from devolving into protectionist policies, giving no preferential treatment to European businesses against international (intercontinental?) competitors, despite strong populist tendencies in certain member states.

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vegabook ◴[11 Jul 25 11:11 UTC] No.44530812[source]▶
I wish people would stop comparing a stock (market cap) with a flow (GDP).
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1. ksec ◴[12 Jul 25 06:06 UTC] No.44539722[source]▶
That is the whole point, to make company much bigger than they actually are and shift the power back to smaller player, in this case the state and GDP.

If you compare annual revenue to GDP all of a sudden these so called maegacrop are tiny.