Comment by ASalazarMX
5 hours ago
Antitrust is important, so why not pass a law that prioritizes national or European companies for critical infrastructure, even if they're more expensive? Creating a monopoly to combat another monopoly is unlikely to end well in the future.
This seems like the most obvious solution, provided local offers aren't massively more expensive. I don't see why we wouldn't award contracts to EU companies that create jobs here, pay taxes here, and follow local regulations. We don't need a super company with a local monopoly, just to stop prioritising “as cheap as possible”.
The reason why is because if they did China would retaliate and cut off cheap access to Chinese imports. That is the double edged sword of globalization the US and Europe are reckoning with today, in different ways
Agreed. I'd think a better solution would be to ban Chinese companies from these sorts of contracts, and invest in the non-Chinese companies to help them grow. You don't need to allow monopolies to form to be successful here.