China Launches Antitrust Probe Vs. Microsoft

snydeq writes "China has launched an investigation into whether Microsoft unfairly dominates its software market, according to a state media report. A working committee of China's State Intellectual Property Office is investigating whether Microsoft engaged in discriminatory pricing and will also look at Microsoft's practice of bundling other software programs within its Windows operating system, according to the report. The probe is part of a greater sweep of operating systems and other software developed by multinational companies that cost much more in China than in the U.S. 'On the one hand, global software firms, taking advantage of their monopoly position, set unreasonably high prices for genuine software while on the other hand, they criticise Chinese for poor copyright awareness. This is abnormal,' a source said."

Comments

Re:What?

[abigor]

Agreed 100%, and it is an absolute farce that they were awarded the Summer Olympic Games. Tens of thousands of people were displaced in order to build facilities and erase "unsightly" slums.

I'm interested in seeing what the Tibetans get up to during the Games though - my guess is shenanigans will ensue, with the predictably heavy-handed military response. These Games could (hopefully will) end up being the biggest clusterfuck in the history of the Olympics.

Re:What?

[TheNarrator]

China's economic ideology is different from the west. Let me explain how:

U.S
* Banker makes loan to whoever they damn well please.
* Loan doesn't get re-paid
* Other bank takes over banks assets and screws depositors over 100k.
China:
* Banker makes loan to favored state owned company or other entity.
* Loan doesn't get re-paid.
* Government recapitalizes bank.

U.S
* Banker makes a bunch of questionable bad loans
* Retires with golden parachute package
China
* Banker makes a bunch of questionable bad loans
* Banker is executed by government

U.S
* Bankers en masse make loans to fund housing/stock bubble
* Government runs to see how they can loosen regulations to help the banks make exponentially more money and profit
* Bubble bursts, banks are bailed out by government discount window loans, TAF, TSLF,etc

China
* Bankers en masse make loans to fund housing/stock bubble
* About 1 year after it gets going government raises real estate transfer tax or stock trading taxes and bank reserve requirements to purpousefully punish the speculators.
* Bankers who make ridiculous corrupt loans are executed. Some banks who didn't get swept up in the bubble keep operating as usual

Long story short. In China, unlike in America, the politicians actually have far more control of the economic activity in their country than the bankers do.

Re:What?

[thewils]

It's because the the IOC like the secrecy of the Chinese Government better than any democracy. The worst games for the IOC were Lillehammer where everything was in the open - including the bribes paid to IOC officials to host the games.