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

foreignpolicy.com

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

#141

Post by JumpCrisscross »

lolinder wrote: post #127
2muchcoffeeman wrote: post #115

Earlier quoted context omitted.

> In a very real sense, the EU has ruled that Meta’s core business model is illegal. Is this actually bad?

No, but the EU and the citizens thereof should then accept that Meta or other similar companies in similar situations can't operate within the EU. The EU regulators and select HN users might be okay with that, but EU citizens on average probably won't be.

> No, but the EU and the citizens thereof should then accept that Meta or other similar companies in similar situations can't operate within the EU

More pointedly, that they can't be built in or run from the EU.

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

#142

Post by fl0id »

wmf wrote: post #83
kranke155 wrote: post #71

Earlier quoted context omitted.

Why would Nvidia leave the market?

Unspecified future boogeyman AI regulations. Or antitrust which Nvidia is already being investigated for. Realistically Nvidia did not leave China and they will not leave Europe.

which doesn't make any sense, b/c afaik almost here AI regulations impact usage etc, not chip makers.

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

#143

Post by usr1106 »

KaiserPro wrote: post #88

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…

> 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)

It's nearly as bad. Social media causes addiction and mental health problems especially for the youth. PISA scores are going down. It can already be seen now, although not many 20 year olds have had a smartphone for more than 10 years. Here in this country every 7 year old has a smartphone and it will get only worse. Physical health is impacted because of kids are tapping on a screen instead of running and playing. It has impact already to language learning and social development of babies because parents interact with their smartphone several hours a day and instead of interacting with their baby.

Of course there is other tech than social media and smartphones. But at least in these areas equally strong regulation as for tobacco and alcohol would be required.

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

#145

Post by fl0id »

cheptsov wrote: post #34
kredd wrote: post #10

I might be talking out of my depth, as I don’t live in Europe, but I’ve heard the same paraphrased headlines like these since at least 2016. Has status quo been swayed one way or another since then? Theoretically speaking, wouldn’t legislating away the top US players open the market to the local companies a la Naver in SK, WeChat in China or Line in Japan? I understand I’m dumbing it down, but assuming such legislati…

I’m living in Europe, I'm deeply disappointed by the current situation. The problems run much deeper than just regulations; they extend far beyond politics. 1. VCs outright avoid investing in deep tech, with only rare exceptions. 2. Founders overwhelmingly choose to build small, sustainable companies, steering clear of big tech. 3. Employees consistently prefer consulting jobs and value vacation days over equity. 4.…

from a personal and social perspective, I see nothing wrong with it. In fact, even in the EU we still ahve a lot of BS startups. We imo need more sustainable businesses, that value actual societal value/value to consumers or businesses over growth and shareholder value.

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

#146

Post by nrr »

cheptsov wrote: post #73
jmclnx wrote: post #19

Because the EU values their citizens privacy tech may leave. Personally I could live with that if that is the result of my privacy being protected.

It's socialism versus capitalism at its finest. The problem is that socialism risks regulating big tech out of existence. Is that an issue? Absolutely. By stifling big tech, Europe becomes heavily dependent on the US, which ultimately hurts our quality of life. As an entrepreneur living in Europe, the best thing you can do is move to the US.

I'm not sure I follow. The incumbent capital class is driving policy decisions around this. Where's the socialism?

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

#147

Post by Avamander »

mensetmanusman wrote: post #53

It’s probably smarter to only kick-in regulations after certain size thresholds are met. You can definitely strangle an organization with paperwork before it even has enough money to hire people to do the paperwork.

I don't think safely handling data subject's data for example is something that should start only from a certain size.

Let's only make the small bridges unsafe?

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

#148

Post by baq »

KaiserPro wrote: post #88

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…

> Now, large tech companies haven't wholesale killed people

Teen suicides are a thing. It isn’t lung cancer, sure, but it also isn’t nothing.

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

#149

Post by ktosobcy »

echelon wrote: post #120
2muchcoffeeman wrote: post #115

Earlier quoted context omitted.

> In a very real sense, the EU has ruled that Meta’s core business model is illegal. Is this actually bad?

You're free to not be a user, but millions of other people want it.

BS. Lot's of companies / entities moved there because of said "millions" so you are unwillingly forced to use them as a mean of contact. And sadly open alternatives are blocked/unavailable...

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

#150

Post by ktosobcy »

lolinder wrote: post #127
2muchcoffeeman wrote: post #115

Earlier quoted context omitted.

> In a very real sense, the EU has ruled that Meta’s core business model is illegal. Is this actually bad?

No, but the EU and the citizens thereof should then accept that Meta or other similar companies in similar situations can't operate within the EU. The EU regulators and select HN users might be okay with that, but EU citizens on average probably won't be.

> No, but the EU and the citizens thereof should then accept that Meta or other similar companies in similar situations can't operate within the EU.

I wouldn't mind if FB left...

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