Europe's competition czar is wrong — it's long past time to break up Google (GOOGL, GOOG)

European Commission competition chief Margarethe Vestager on Monday announced a $5 billion fine against Google for illegally using its dominance of smartphone operating systems to thwart rivals.
Although this was the second multi-billion dollar fine in two years against the company for anticompetitive behavior, Vestager dismissed the idea that regulators ought to be pursuing a breakup of the company.
But that position is wrong-headed, because the actions taken against Google so far have done lit