Automakers funding new tech aimed at making greener lithium for EVs -  Reuters

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An entrepreneurial state of mind is very important in any size digital-age business or company.

This is story of 2 parallel universes. Over in the western one, neoliberal industrialism rules. In the other the Chinese universe a different system administers. In both universes, government issue over the growing power of huge tech companies has actually been growing for a while, but there the similarities end. In  Found Here , federal governments and legislatures were asleep at the wheel as the tech business zoomed along their fast growth paths.

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Because 2010, for instance, Europe has actually launched more than 36 regulative probes versus huge tech, consisting of 10 from the European commission and 26 from specific European nations. I keep a spreadsheet of these actions, which, in addition to the EU matches, currently lists seven major actions by US authorities, three by the UK Competitors and Markets Authority and two by the German federal cartel office.

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The kindest thing one might say about this flurry of regulatory activity is that it does not have coherence and consistency. In July, for example, two antitrust matches against Facebook filed by some US states and the Federal Trade Commission were summarily tossed out by the judge for what, lawfully speaking, are primary schoolboy mistakes, such as failing to offer truths that would support the claim that Facebook had a monopoly in social networking.

As Frederic Filloux, an experienced observer of these things, puts it: "Ask any professional, they will tell you that Facebook is the most harmful player in the digital world. The social media's service design is based on fracturing society, spreading false info ranging from the 'stolen' election of 2020 to anti-vax propaganda.

And although the purpose of antitrust prosecution is to restructure markets, up until now its only outcomes in the west have been supposedly tremendous fines (small change for tech giants) and years and years of interminable legal processes. How various things are over in the Chinese universe. There, the nation's tech giants have lost their swagger and some of their hitherto-esteemed leaders have vanished from public view.