Government Regulators Shake Down Google For $500,000,000Chris | InformationLiberationAug. 24, 2011 |
Rep. Thomas Massie Warns Congress is Trying to Pass Hate Speech Laws to Outlaw Criticism of Israel
ADL Urged Congress to Pass FISA Law Spying on Americans to 'Protect Israel'
'Sniper Seen on Roof Overlooking Pro-Palestine Protest' at Indiana University
Claim Jewish Student Was 'Stabbed In The Eye' by Pro-Palestine Protester Draws Mockery After Video Released
Axios Poll: Majority of Americans Now Want Mass Deportations
"Regulators" have forced Google to fork over $500 million in protection money because they displayed some ads some loser bureaucrat didn't fancy. The "illegal ads" were for so-called "illegal pharmacies," a.k.a. pharmacies which import the same drugs for cheaper from Canada in order to get around Big Pharma's anti-competitive U.S. monopoly laws. Google, of course, did all it could to prevent such ads from being displayed, but that's not good enough for our bankrupt government, they need fresh loot to fill their coffers, and what better way to get it than shake down one of the few American companies which is still thriving. Google Inc. has agreed to pay $500 million to settle a U.S. government investigation into the Internet search leader's distribution of online ads from Canadian pharmacies illegally selling prescription and non-prescription drugs to American consumers, a U.S. attorney said Wednesday.Read the full story here. This is how government regulation works in practice, rather than in theory. In theory government regulation is supposed to help consumers by providing some sort of check on greedy businessmen, in practice government regulation is used by greedy businessmen (Big Pharma in this case) to shut down their competition in order to rob consumers. Image: brionv via Flickr, CC BY-SA 2.0 |