By Leon J Williams
The European Union (EU) has ordered Microsoft to pay £484m for failing to allow consumers a choice in web browsers.
Back in 2004 Microsoft was fined £381m for the same reason after which Microsoft did start to offer consumers a choice but this web browser option screen was dropped following a Windows 7 update in February 2011.
Microsoft said that this was due to a technical error but the European Commission dismissed this and is no doubt using this opportunity to make an example of Microsoft so that no other company thinks that it can get away with not implementing fair anti-monopoly regulations.
This move can only be seen as a good thing, shoring up EU funds and and allowing other, smaller businesses an opportunity to thrive.
Supporters of Capitalism say that it creates competition and they criticise Socialism for stifling competition but alas closer to the truth is that Capitalism destroys competition by creating monopolies, companies buy other companies and put their products first.
It is regulation that stops this, it is government intervention.
Towards the end of last year we wrote about web browsers here.