Jealousy is an ugly thing and one of the seven deadly sins.

Europeans have long been jealous of the dominance of American companies in technology areas such as mobile phones, search engines, social media platforms, AI and robotics.

the result, us economy measured by net worth is 50% larger than it is now european And even residents of the poorest states, like West Virginia, high income than the average European. (Related: JD FOSTER: President Trump is right about the debt limit – stop it)

One reason is that while Europe regulates, the United States innovates. Instead of rebuilding Euroland’s economy, EU bureaucrats want to bring the American technology success story to its knees with fines, lawsuits, and a barbed wire of regulations to prevent American companies from competing on a level playing field. I’m thinking.

A good example is expensive drug rash. antitrust law lawsuit against Google search engine.

To make matters worse, a few years ago the European Union digital market law” in the name of trying to “Ensuring competitive and fair markets in the digital sector.”

When government officials talk about promoting “equity,” it means they are trying to expand their power.

Under the law, European regulators are seeking to rein in successful technology companies like Apple through a new regulatory principle called “interoperability.”

To achieve interoperability, third-party developers around the world must have access to Apple’s private operating systems (iOS and iPadOS). In this framework, Apple is treated like a public entity with capabilities available to other companies.

This is a competitive concept. Apple is a very dynamic company that achieved its market-leading position by developing pioneering products that were very popular.

Under European regulations, iPhone To provide you with competitive products. This makes about as much sense as asking McDonald’s to serve Burger King fries with their “Happy Meals.”

iPhone amenities and apps are part of the package deal that has made these devices the world’s most popular with billions of customers. This does not seem like a monopolistic act. For those who don’t like Apple’s apps, consumers can also choose cell phone products like the Galaxy made by T-Mobile, Google, or a handful of Chinese manufacturers.

Despite all the talk about Apple’s monopoly, they now have a little bit of control. less than 20% Top of the global mobile phone market.

But European officials have declared that Apple cannot charge product developers for access to its operating system. It’s like getting on the train for free.

Interoperability is a dangerous concept, especially when it comes to security and privacy. Apple is committed to maintaining device integrity and protecting your data. However, there is no guarantee that third parties given unfettered access to the Apple platform will have the same high standards.

This puts Apple product users in Europe at even greater risk of being hacked. The consequences could be “dire”, said Dirk Auer of the Center for International Law and Economics. “Users’ identities can be compromised, money stolen, and data compromised.”

Social media companies that want access to Apple’s operating system could also gain access to iPhone users’ data and information. Apple says that outsiders can “read all your messages and emails on your device, view all your phone calls you make and receive, track all the apps you use, and scan all your photos.” It may also check your files and calendar events and log them all.” their passwords, etc. ”

Even Apple doesn’t have access to this data to protect user privacy.

The danger here is that if the companies that spend billions of dollars on innovation to build better mousetraps are no longer able to own and control their products and reap the financial benefits; Innovation will be stifled, and everyone will lose out. Sharing patent information with competitors in the name of “fairness” is a socialist idea that has left the Eurozone economy rusty.

If Europe wants to get back in the tech game, EU bureaucrats should focus on why these companies have been so successful in the first place, and then make sure they can compete and win rather than run them. We should strive to create a public policy environment that fosters innovative companies. Go to court for protection. Punishing winners is a good way to keep creating losers.

In the meantime, let’s hope the incoming Trump regulators at the FTC, FCC, and Department of Justice protect American companies from aggressive and hostile lawsuits that hobble American-made companies. In other words, put America first and keep Europe from cannibalizing our Apple.

Stephen Moore is the co-founder of Unleash Prosperity and co-author of the new book, “The Trump Economic Miracle.”

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

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