Google Gets Boost From New EU Law

Google has the money to comply with and prove compliance with Europe’s new privacy law while smaller competitors do not. As a result, Google is getting a boost in on-line ad revenues in Europe. This is just another example of how regulation can create or enhance corporate monopoly. Regulators like it because it is much easier for them to monitor a few big companies and also makes it easier to work out deals with industry.

Click here for more on this from The Wall Street Journal.