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Whether these cases are about American companies abusing competitive power, or about the European Union influencing technology policy and promoting domestic alternatives to American companies, depends on where one's loyalties lie.Likewise, the U.S. can and does take action against European companies. After the EU announced that it would require Apple to pay 13 billion euros ($14.6 billion) in back taxes, which it alleges were illegally reduced by the Irish government, the U.S.-fined Deutsche Bank, a German company, $14 billion to settle claims relating to its mortgage-backed securities business prior to the 2008 crash.To be sure, Deutsche Bank and other European icons such as Volkswagen and British Petroleum should answer for, respectively, misdeed in selling mortgage securities, systematically manipulating CO2-emissions tests, and polluting the Gulf of Mexico. But while foreign companies may act more aggressively to capture market share in new areas, they are obviously not the only offenders, as demonstrated by the wave of outrage against banks and American corporations after the financial crisis.Thus, domestic corporate lobbying often leads to something akin to regulatory capture, whereby the government privileges national corporate interests.
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