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Europe is in danger of regulating its tech market out of existence

foreignpolicy.com

131–140 of 761 posts

Re: Europe is in danger of regulating its tech market out of existence

#131

This is silly. So a bunch of American companies are refusing to go along with EU regulations that cramp their own monopolistic style. That doesn’t mean they are killing the local tech market.

Is the local tech market alive?

Re: Europe is in danger of regulating its tech market out of existence

#132

A company that provides a phone service (mobile or other) has to conform to a large amount of regulatory red tape. Why? because either a company before tried to monopolise the entire country, or they killed someone. Now, large tech companies haven't wholesale killed people (unlike say tobacco, or talc powder, 3M and half of their solvents, weed killer, most car makers, etc etc) but they have been trying desperately t…

Nobody is against regulation that disfavors large incumbents to support competition instead. You'll struggle to find people who are against the Digital Markets Act for this reason. It literally only targets the potential monopolists. However, virtually every other piece of regulation does the opposite. Regulation usually gets trotted out after the downside of doing [new innovation] is experienced. This always happens…

> You'll struggle to find people who are against the Digital Markets Act for this reason. It literally only targets the potential monopolists.

I'm against the way it's being applied to Apple. I don't think that the government should dictate that consumers aren't allowed to choose a platform that's a locked down walled garden if that's what they want.

We have platforms that aren't walled gardens (Android) that many of us happily use (myself included), and Apple shouldn't have to become something that it didn't set out to be just because a few other big tech companies feel stifled by Apple's rules.

Re: Europe is in danger of regulating its tech market out of existence

#133
post #77

I wish targeted advertising was made completely illegal here, I am sure our society would greatly benefit from that.

I'd just say all advertising. It's effectively money time and effort we just light on fire.

Why not make Sales illegal too.

Re: Europe is in danger of regulating its tech market out of existence

#134

Regulating the tech Market is great for local tech só what happens is pretty the opposite. No country will lose GDP if meta or google leave

> Regulating the tech Market is great for local tech

Except, it is not. At least not in the situation that the EU is in. Because all regulations are a constant burden on business, small relative to big corporations, huge for medium companies and insurmountable for startups.

The EU has no big players, not a single one! We have a few medium players like SAP and that is it. So, we are already far behind and every weight we load on to drag us down is another nail in the coffin.

Re: Europe is in danger of regulating its tech market out of existence

#135
post #77

I wish targeted advertising was made completely illegal here, I am sure our society would greatly benefit from that.

I'd just say all advertising. It's effectively money time and effort we just light on fire.

All advertising is a step too far, I think. But banning accepting any remuneration to deliver, display, or cause to be viewed any advertisement, and limiting physical ads in places viewable from public areas seems like it would improve things. Buildings shouldn't be covered in ads, and the internet shouldn't be largely based around scamming as much information out of people as possible to jam ads down their throat, but a business should be allowed to put up flyers on their own storefront. I mean, if you're really pedantic about banning all ads, that probably precludes restaurants posting menus out front.

Re: Europe is in danger of regulating its tech market out of existence

#137
The Human Brain Project's final 3 year period could have actually delivered a platform for actually modeling real human brain data, and GDPR totally blew that possibility out of the water: no one had the budget to take on the legal risk, and everything was finished up with synthetic/augmented datasets or done "locally".

our colleagues in the US and China are chuckling, so we'll just move our science there.

Re: Europe is in danger of regulating its tech market out of existence

#138
post #130

Earlier quoted context omitted.

how is europe's economy terrible? by what metric? considering that the EU still has a very large part of the global economy, especially compared to its population and size. Also, the tech industry is not the only part of the economy. large parts of the EU are absolutely massive in terms of industrial machinery and scientific companies. People on HN always seem to forget that a lot of money can be made by making somet…

Maybe terrible is too strong but the trajectory is not great: https://www.euronews.com/business/2024/07/25/germanys-busine... ?

well, lets not forget what happened since the start of 2022...

the invasion of ukraine has a major impact on the european economy, but that has very little to do with the article in question...

Re: Europe is in danger of regulating its tech market out of existence

#140

Earlier quoted context omitted.

Nobody is against regulation that disfavors large incumbents to support competition instead. You'll struggle to find people who are against the Digital Markets Act for this reason. It literally only targets the potential monopolists. However, virtually every other piece of regulation does the opposite. Regulation usually gets trotted out after the downside of doing [new innovation] is experienced. This always happens…

> You'll struggle to find people who are against the Digital Markets Act for this reason. It literally only targets the potential monopolists. I'm against the way it's being applied to Apple. I don't think that the government should dictate that consumers aren't allowed to choose a platform that's a locked down walled garden if that's what they want. We have platforms that aren't walled gardens (Android) that many of…

this argument doesn't work, because you could always argue that the consumer chose this product, and thus its features and practices should be allowed. Apple had it coming for a long time already, one way or another. And Microsoft also will again the way they are going.
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