The
European Union..European Trustbusters???
Taxpayers
encourage FTC to prevent European politics from dictating American
business practices
WASHINGTON-
Days ago, Deutshe Telekom announced that it wanted to do a "big
deal" in the United States.
Not coincidentally, the European Union (EU) weighed in shortly
thereafter on the proposed MCI-Worldcom merger with Sprint here
in the United States. If
the EU's verdict kills the proposed merger, as the EU expects, Sprint
would be ripe for a takeover, presumably by Deutshe Telekom.
Grover
Norquist, president of Americans for Tax Reform, issued the following
statement on the EU's actions and its protectionist agenda, anti-competitiveness,
and monopolistic history:
"America
has achieved its dominance in the high tech marketplace by encouraging
competition, trade, and innovation.
The EU has consistently turned it's back on all of these
principals. Now, the
EU is now attempting to infiltrate American markets without changing
their rules. Bringing
these anticompetitive, monopolistic attitudes to the American economy
risks a return to the days of Ma Bell and one black telephone.
"For the European Union to accuse American companies of not being
competitive enough is a bitter irony given their monopolistic history
and tendencies. One
can only assume that this must be a part of their larger protectionist
agenda and a blatant effort to extend the European monopolies to
foreign soil.
"Americans
for Tax Reform encourages the Federal Trade Commission (FTC) to
prevent European politics from dictating American business practices.
The EU's effort to assert their authority in an already contentious
merger debate between American companies could further a dangerous
trend that should be stopped immediately. European bureaucrats have no place in America's high tech economy,
and regardless of the ultimate outcome of this merger, the FTC must
be vigilant and protect American businesses from foreign governments
who would attempt to steal a piece of the American pie."