Monday, October 16, 2000

E-commerce groups 'will quit Germany' This Financial Times article talks about how German internet companies are threatening to leave the country after two court rulings against discount online retailers. The problem is that Germany has passed a law against giving consumers discounts (ridiculous, isn't it?) Globalization is fundamentally about empowering consumers at the expense of producers by increasing choice and lowering barriers to entry. Consumers should be empowered at the expense of producers.

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