Earlier quoted context omitted.
That is certainly what they're worried about. Here's a less flattering angle on the same worry. Europe is caught pants-down. They are realizing how weak they are in tech and scrambling to fix it. The facts: - None of the 20 most valuable companies in the world are European. Most are US or China based, and many are tech. - A tiny number of successful startups are European. I think their biggest in the last 20 years is…
If EU doesn't have valuable companies and cannot produce valuable products how come that EU is not much different for living standarts than the US then? Is EU a petrostate? Where the money comes from if USA makes all the good stuff and EU none? From pumping out the Bulgarian crude or mining the Spanish rare earth metals? The thing is, Europe missed out on the Software&Internet and the reality is, it is not the only t…
EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
181–190 of 286 posts
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#182I know this is a heated topic but I really don’t understand what the other options are. Having businesses dictate who they want to serve seems like censorship but having the government dictate it seems way worse. I’m not sure how to decouple or balance the freedom of will as a business, freedom of will as a person and the societal mandate of the majority (which is how democracy works? It’s always about the majority v…
Tech benefited enormously from moving fast and being mostly unregulated as a result. Looking at the finance industry though, every new law was written in blood or tears over the course of centuries. Now blood has been spilled by social media in the US Capitol and the world has taken notice.
It's not going to be easy or fast, but good policy can help keep Jack Dorsey and Mark Zuckerberg from controlling the political outcomes of every democracy in the world.
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#183Earlier quoted context omitted.
If the EU doesn’t like it, they should make their own platform. This isn’t a public park, we are talking about privately owned property.
The point is to regulate social media for European citizens. They set the rules. If facebook or twitter cannot follow them they will pull out of that market allowing space for a local platform to take over.
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#184Earlier quoted context omitted.
If EU doesn't have valuable companies and cannot produce valuable products how come that EU is not much different for living standarts than the US then? Is EU a petrostate? Where the money comes from if USA makes all the good stuff and EU none? From pumping out the Bulgarian crude or mining the Spanish rare earth metals? The thing is, Europe missed out on the Software&Internet and the reality is, it is not the only t…
You can have an okay economy without tech heavy hitters, but the point is that being dependent on US internet tech or Russian natural gas or whatever can be a significant vulnerability.
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#185Earlier quoted context omitted.
If EU doesn't have valuable companies and cannot produce valuable products how come that EU is not much different for living standarts than the US then? Is EU a petrostate? Where the money comes from if USA makes all the good stuff and EU none? From pumping out the Bulgarian crude or mining the Spanish rare earth metals? The thing is, Europe missed out on the Software&Internet and the reality is, it is not the only t…
You can have an okay economy without tech heavy hitters, but the point is that being dependent on US internet tech or Russian natural gas or whatever can be a significant vulnerability.
That’s why the respective actors are taking actions to fix it.
Another argument is that not having heavy hitters but more evenly spread diverse businesses is a better thing.
US’s economy is tied to extremely large consumerism. An argument is that as humanity we should reduce consumption anyway.
That’s why I would stick with quality of life indicators instead of top list and charts of the economic indicators.
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#186It's hard to overlook that the political class is suddenly up in arms about this primarily because they suddenly perceive themselves as being under threat from it. Ordinary individuals and businesses have had to deal with the hegemony of the platforms for a long time and it hasn't really mattered until now. I fear the outcome of this is going to be that it translates into massive regulatory overreach and splitting up…
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#187Earlier quoted context omitted.
That is certainly what they're worried about. Here's a less flattering angle on the same worry. Europe is caught pants-down. They are realizing how weak they are in tech and scrambling to fix it. The facts: - None of the 20 most valuable companies in the world are European. Most are US or China based, and many are tech. - A tiny number of successful startups are European. I think their biggest in the last 20 years is…
If EU doesn't have valuable companies and cannot produce valuable products how come that EU is not much different for living standarts than the US then? Is EU a petrostate? Where the money comes from if USA makes all the good stuff and EU none? From pumping out the Bulgarian crude or mining the Spanish rare earth metals? The thing is, Europe missed out on the Software&Internet and the reality is, it is not the only t…
I think you need to turn this question around: if the USA has all these valuable companies and all this amazing innovation, how come our standard of living is the same or lower than that of Europeans? What's all that stuff for? Just making a bunch of people very rich?
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#188It's hard to overlook that the political class is suddenly up in arms about this primarily because they suddenly perceive themselves as being under threat from it. Ordinary individuals and businesses have had to deal with the hegemony of the platforms for a long time and it hasn't really mattered until now. I fear the outcome of this is going to be that it translates into massive regulatory overreach and splitting up…
The hypocrisy of the political class is even deeper, at least in Germany. Just recently, laws were passed to make platforms like Facebook filter, censor and rapidly delete content that might be against some law. Not after a court decision or at least an official order, no no, nothing so formal. A user complaint is sufficient to trigger the need to check within a few hours, have the platform decide to delete and repor…
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#189It's hard to overlook that the political class is suddenly up in arms about this primarily because they suddenly perceive themselves as being under threat from it. Ordinary individuals and businesses have had to deal with the hegemony of the platforms for a long time and it hasn't really mattered until now. I fear the outcome of this is going to be that it translates into massive regulatory overreach and splitting up…
Big Tech destroyed this hope the moment it banned Parler and everyone cheered this ideological censorship.
Big Tech crossed every line in launching a coordinated attack on a rival. The damage this has done cannot be quantified. The ideal way to have gone about this is involvement of Courts/Legislature to decide if Parler should be banned or not. Not a group of private companies deciding to fuck a competitor. It is a horrible horrible precedent which has absolutely zero excuses.
Re: EU Commission: ‘No longer acceptable’ for platforms to take key decisions alone
#190I think the EU understands the precedent this sets. The tech giants have established that if they disagree with something (using their preferred value system), they feel they have the right to take action. Let’s say the an EU minister proposes something that’s antithetical to US principles but is lawful in the EU, now tech giants feel emboldened with the right to take action _unilaterally_ without the right to an app…
That is certainly what they're worried about. Here's a less flattering angle on the same worry. Europe is caught pants-down. They are realizing how weak they are in tech and scrambling to fix it. The facts: - None of the 20 most valuable companies in the world are European. Most are US or China based, and many are tech. - A tiny number of successful startups are European. I think their biggest in the last 20 years is…