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

foreignpolicy.com

161–170 of 761 posts

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

#161

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…

> What's different now though, is the hysteria over AI is leading regulators to pass potential market killing regulation

This is entirely because the experts and fundraisers in the field promoted the technology as existentially and societally dangerous before they even got it to do anything commercially viable. "This has so much potential that it could destroy us all!" was the sales pitch!

Of course regulators are going to take that seriously, as there's nobody of influence vested in trying to show them otherwise.

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

#162

Earlier quoted context omitted.

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...

That's why I said this:

> The EU regulators and select HN users might be okay with that

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

#163

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…

What do they do that would be illegal in physical stores? If I wanted to open a physical store that gave away free stuff but you had to agree to give a bunch of personal info that would be completely legal (but not profitable).

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

#165

Earlier quoted context omitted.

Then it sounds like what you’re saying is there’s a financial market for users like you and I who would rather pay a subscription fee than our data be sold? Or an ad supported tier? The problem with your argument is you’re removing any revenue source the company has. If you won’t pay a subscription, and you block all the ads, and they can’t sell data, how do they make money? Money is required to run the service, whet…

Protection of the water we drink is a legal right. Which is why companies cannot dump waste into the river, no matter what financial impacts it has on them. Protection of user data is a legal right, or increasingly recognized to be. Companies have no right to sell it, or misuse it, no matter what financial impacts it has on them. Rights cannot be contracted away or sold. They are rights.

I rent my rights via a contract to certain defined aspects of my autonomy for about forty hours per week. In exchange for that I get tokens that I can exchange for food. If I couldn't contract away those rights I'd get hungry.

I'm also willing to rent my right to determine the contents of advertisements inserted into my daily news feed, for the right price. These things feel equivalent in kind to me.

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

#166

Not only the tech market, they're on a pace in destroying the agricultural market as well. Small, medium size farmers are disappearing fast, they quit or at best being absorbed by large farmcorps.

That’s already happened in the US without regulation, little farms don’t stand a chance against giant agribusinesses which may not even be US owned (largest pork producer is owned by Chinese) . In fact regulation is probably preventing it from happening faster in the EU.

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

#167
post #145

Earlier quoted context omitted.

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.

This seems like a very socialistic perspective to me, which might not align well with big tech and innovation. I suggest re-reading "Atlas Shrugged" for this topic.

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

#168

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…

Apple needs to get out of the infrastructure business if they want to play by their own rules. They aren't selling Gameboys and washing machines, they are storing people's private data and selling primary communication devices. That needs to be regulated and the consumer needs to have the final say, not Apple.

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

#169
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 don't get this article. Title is "Europe Is in Danger of Regulating Its Tech Market Out of Existence". But then the subtitle says "Poorly designed laws are forcing *global firms* to leave." (emphasis mine) Then you see a picture of an Apple Vision Pro. I've only skimmed through the article and there are 11 mentions of Apple and 12 mentions of Meta, then some mentions of X and such. These aren't even "global" firms,…

Typical US centric reporting. “EU tech market” == US companies’ ability to make a profit in EU

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

#170
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…

Just paid articles trying to push their agenda.

We have no tech sector in europe. As soon as a company has more than 6 developers it gets bought by a USA company (that's a slight exaggeration, not by much).

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