EU Objects To AOL-Time Warner Merger
A reader writes: "Reuters has a story on the European Commission having drafted a report opposing the merger of AOL and Time-Warner, in grounds that the new company would be too powerful."
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It may be in my self-interest to shoot my neighbor and take his belongings, but if you'll recall, Rand decries initiating physical violence. Clearly, our gov't is to blame for a lot of the suffering over there. The Objectivist thing to do would be to trade in an open market with those who have oil.
It comes down to the simple fact that Objectivism is an ideal philosophy that would only work in a utopia. I know that, you know that, I think everyone knows that. It would require that all people in the society behave rationally, do not initiate physical violence, etc. Perhaps a small nation could be Objectivists, but who knows. Even when the US was its most Objectivist (early ninteenth century, I'd wager, when gov't was much smaller and the US was much closer to laissez-faire capitalism), our gov't still went out and initiated force: Spanish-American War, for example.
Objectivists argue a very simple logic, as you've pointed out: to each his own. Don't tell me what to do, I won't tell you what to do. As long as the gov't takes a minimalist approach, doesn't go fucking over foreign nations for gas, then all is well.
I know, and you should know, that this is not true. Within any sufficiently complicated logical system, you cannot prove that that logical system is consistent (me paraphrasing Goedel, I won't bore you with the proof).
Correct me if I'm wrong, but didn't Goedel only prove a finite set of axioms could be proven inconsistent? Hehe, so simply create a philosophy with an infinite number of axioms... :-)
No matter how hard you try, you will always depend on faith
How do you figure? Does nature depend on faith? Does the likelihood of the gravitational constant remaining constant hinge on faith? Does the speed of light have something to do with faith? Since we are beings that are, quite literally, part of nature, how could our observation of nature require any dependence on faith?
I could not justify my existence if I were a turkey farmer. Would I terminate myself? Undoubtably, yes.
There are some people who are probably thinking what right does a European entity have to interfere with a US company? As a European, I'm quite pleased to see the EU make a stand in this. Time Warner are very powerful and very influencial. AOL have a huge amount of mindshare partly due them swamping the market with CDs and a "the internet's safe with us" advertising campaign. Combined, these two companies can be very destructive, and I don't think many Europeans fancy having such a pervasive US company (or any company) controlling the media.
Am I in favour of governments interfering with companies? If they protect the consumer then I do. Are governments to be trusted? No, but at least they're more accountable than multi-nationals. If I have a problem, I can write to my MP or MEP (and I did with regards to the RIP Bill in the UK - I also got a response). If I have a problem with the MPAA, who can I complain to? I can boycote products but when companies get as big as Time Warner/AOL, that can be pretty difficult as who knows what other brands they own? And we've already seen that the MPAA don't seem to respect local laws.
It's not a US vs EU thing, it's about stopping a big, monolithic, and IMHO ultimately malignent corporation from pushing their views to people ignoring local politcal and legal institutions in the process. This is not in the interests of the consumer and I think it's a bad thing(tm).
All IMHO naturally.
Yet in this story it seems 90% of slashdot readers find it perfectly OK to say some really horrifically offensive, misinformed, uneducated, stereotypical, innacurate, unrealistic and frankly ludricous shit about Europe.
FACT - Europe is not "socialist". Most of you probably dont know the meaning of the word. Why are legal posts always preceded by "IANAL", yet no-one makes the disclaimer I Am Not A Social Scientist/Historian/Politician/etc? Seems everyone thinks they know about such subjects already. Trust me - you dont. Go do a degree in them, then come back and read this site, and try and keep a straight face.
FACT - Europe has a right to say something about companies operating in its arena. They are not "American" companies, dont make me laugh, what a hilariously naive idea, how can any of you seriously believe that. M-U-L-T-I-N-A-T-I-O-N-S.
FACT - slashdotter's decry the actions of TimeWarner, AOL and many, many other multinational conglomerates at every opportunity. But when someone tries standing up to this, ahh heck, your brainwashed GAWD BLESS THE YOO ESS OF AYY nationa^H^H^H^H^Hpatriotism kicks in.
Like another poster commented... if your government wasnt "0wned" by big business, it would be doing something about this too.
Let us know when [France's] unemployment rate drops below 10%, willya?
It is below 10%: you can find the official figures here (provided you can read French, of course). Remember, incidentally, that the European definition of "unemployed" is broader than the American one so that comparison is biased.
Along that line I could ask you to let "us" know when your poverty level (percentage of population whose income is less than half the national median) drops below 10%, but I frankly don't care. If you want to see an interesting comparison of the US with other rich world countries, see e.g. this page, it's very instructive and you'll learn that several countries can "keep up with the US" as you put it. But this is widely off topic.
A little more to the point, you say you think that they [European countries] became less socialistic. There is no doubt that Eastern European countries did (though in some countries, e.g. Russia, economic disaster has brought the communists back in popularity), but as far as Western European countries go, well, I have some news for you: the United Kingdom has a labor government; Germany is governed by a socialist / ecologist coalition; the socialist party heads the government in France, and there are several communist ministers; Portugal has a socialist government; Italy is governed by a coalition that is moderately left wing; and, you may believe it or not, but we have free elections even East of the Atlantic, and these various governments were freely chosen by the people. The European Parliament, on the other hand, has a comfortable right-wing majority. Also freely chosen.
The plain fact is not that socialism is good or bad; the plain fact is that you do not have a clue what socialism is.
First things first - although AOL officially "bought" TW, look to see Gerald Levin soon running the show. AOL has already locked up the ISP business - they really don't need to focus a great deal of attention on that - what they do need to focus on, is the penetration of the TW media properties into the AOL network space to enhance both. Doing this will take a media manager, not a ISP manager. This is where Levin fits in, with Pittman taking over more of the operational issues. Look for Case to become a Jack Welch-like elder stateman of the corporation.
Anyway, AOL shareholders were, in the past, pretty much assured of 15% growth per anum, and of course that is history now given the huge market cap of the combined company. This will turn away investors. Secondly, many of TW's media properties are failing - CNN is sagging, and most of the other properties have never really "gotten" the web. Thirdly, the whole thing is an entangled mess of fiefdoms, regimes, turfs and egos. The practices and attitudes of these two companies are certainly not alike (although AOL will most likely become "Time-Warnarized" soon enough).
What I am trying to point out is that there are many reasons why this can fail - it is by no means a sure thing. A behemoth can either be a steamroller or a dinosaur. Let the market decide.
For crying out loud. They want to take a company that controls what 50 Million Americans see and think the internet is and combine it with a company that controls a singificant chuck of the broadband network, CNN, More Movie content that I would ever know what to do with, Music empire, etc.
Someone say 'New More Powerful Microsoft'.
Screw that
Burn Hollywood Burn
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Roughly [socialism is] the collective or governmental ownership and administration of a nations resources and means of production.
No. That's communism. And that's not what we're discussing. Evidently nobody suggested that the European Union should nationalize AOL and/or Time Warner. That would be both stupid and impossible; and that would be communism. We're discussing forbidding the merger: this is about socialism. It's about protecting the consumer and the worker from excessive corporate power.
Evidently the governments of Western Europe are not communist. But there is not the shadow of a doubt that Tony Blair is more socialist than Margaret Thatcher (or even John Major); that Gerhard Schröder is more socialist than Helmut Kohl; that Lionel Jospin is more socialist than Alain Juppé; and that Romano Prodi (or even Massimo Dalema) is more socialist than Silvio Berlusconi. I'm not saying that there's a definite trend here: the goverments of Spain and Austria are definitely right-wing. But I definitely fail to see a trend of "replacing this dangerous socialism by sane libertarianism" in Europe.
That thing was an eyesore. Can you imagine some nerd driving that thing done the street?? Was that Cmdr Taco's idea? If not, I wonder how it feels for OSDN/Andover to use your creation (Slashdot) on such a beast as the PT (Barnum) Cruiser.
cpeterso
Both AOL and TW do business in Europe and own subsidiaries there (such as AOL UK and TW's cable properties on the continent). It doesn't take much to give the EU competition authorities jurisdiction. AOL and TW would have to cease doing business in the EU to avoid this, which is obviously too high a price to pay
Time Warner is ubiquitous in every country in Europe. Just go to a cd-store or a video rental. AOL also encompasses CompuServe: in some countries (Netherlands) they operate as CompuServe, in others (Germany) as AOL, but they're definitely there.
Whether or not they are successful I don't know, because more and more European ISP's are starting to offer "free" Internet access (meaning you don't pay them for your connection, you only pay your telephone bill, they get a percentage of the amount of telephone traffic you generate).
News and bla for computer musicians: http://lomechanik.net/
The September issue of Wired magazine has an interesting article on the merger. It describes how Time Warner itself isn't a very successfull merger: infighting among its constituents (Time, Warner and that Turner thing). The article explains a number of the issues you raise in greater detail.
News and bla for computer musicians: http://lomechanik.net/
I don't know why I'm bothering to answer such an obvious troll, but...:
The EU hasn't objected so far to Time-Warner operating in Europe. The EU hasn't objected to AOL operating in Europe. The EU has a problem with BOTH companies merging and operating as a single entity in Europe.
I know this is an analogy that perhaps shouldn't even be mentioned in Slashdot, but if Microsoft decided to buy, say, Compaq, would anyone here object to a government (american or european) blocking it?
...how often we will see the word "socialist" written in the comments of this discussion.
Slashdotters have a very peculiar vision of History: it seems they believe that after the fall of the Berlin[*] wall every European country became socialist.
They also for the most part believe that this is none of the European Union's affairs.
So we're going to see a looot of posts along the lines of:
(Plus insert perhaps a bit about guns, just to make the point.)
Will those who are about to post something of similar content please reconsider? Do you truly believe the European Commission to be so stupid not to have noticed that AOL stands for "America" On Line?
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[*]Actually, I suspect many would be unable to place Berlin on a map of Europe; they'd probably place it where Prag is. But that is irrelevant.
The US DOJ has drafted a report opposing the merger of Great Britain, France, Germany, etc. on the grounds that the new government would be too powerful.
To get an idea of just how much Time/Warner media you consume every day of your life, take a look at this list of Time Warner assets.
The U.S. has had a policy of messing around with other country's affairs since about five years after we became a country.
* And remember, it's spelled N-e-t-s-c-a-p-e, but it's pronounced "Mozilla."
De Beers sells fucking diamonds. Who care about diamonds? It has some use in the industry, but overall it's mostly negligeable. It's just a minor detail.
..and tell the EU to butt out. Who are they to say what two American companies can do?
DrLunch.com The site that tells you what's for lunch!
I'm sorry this is OT, but I thought that people would be interested and Slashdot would probably not make a story out of it. I just wanted to point out that the Slashdot Copyright notice at the bottom of the page has changed - it now says "... The Rest Copyright OSDN"
OSDN is the Open Source Developer's Network. So, I'm guessing that VA's corporate structure has changed or something like that and Slashdot is now not its own entity. Am I right? I wonder if it means some changes are coming around the bend...
You should never take life too seriously - You'll never get out of it alive.
This is the second time the EU has had something to say about the merging of two US companies. First it was with the Sprint/MCI merger and now this(Let alone what they have to say about M$). Not too long ago however, they made threats to the US saying we MUST approve the merger of Deutsche Telekom and Voice Stream or else they would make the US life difficult. I'm tired of the EU butting themselves into our mergers and then complaining if we try to block them. Now I know that Voice Stream was a much smaller deal than either of the previous mergers, but that doesn't justify them sticking their nose into our businesses. If other countries can institute anti-competitive practices(namely Japan, Europe), its time for the US to follow suit....:-)