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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

#241

Post by p_j_w »

cheptsov wrote: post #167
fl0id wrote: post #145

Earlier quoted context omitted.

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.

It doesn't sound at all like the workers owning the means of production.

>I suggest re-reading "Atlas Shrugged" for this topic.

Ah yes, that's the problem. We all need to read and subscribe to the ideology of Ayn Rand, then we'd understand and everything would be better!

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

#242

Post by shermantanktop »

onlyrealcuzzo wrote: post #223
ktosobcy wrote: post #152

Earlier quoted context omitted.

> Every large company in every industry wants to do this. And the point of regulation is to stop it and bring balance. Or are you happy with mono-/oligopolies?

I'm fine with regulation to prevent monopolies / duopolies. In practice, regulation almost never actually does that. Every major industry is a monopoly or duopoly if you're even a bit generous with the term. I'm just pointing out there is nothing unique here with tech or data. And the politics are mostly theater that often makes things more monopolistic, not less.

I read that as saying there's nothing to be done, monopolies are natural, we can't stop the order of things without making everything worse, we must just acquiesce and learn to live with them.

Is that correct? I have a hard time thinking that is true.

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

#243

Post by segasaturn »

Quite frankly I would prefer no tech industry over today's large, unregulated, monopolistic and aggressive tech industry. I feel like my life has not significantly improved at all relative to the enormous growth of the US tech industry in the last ten years, I'm no happier today than I was back then. Almost all of the gains have gone to a concentrated elite that I am not part of. Lately I've been looking at my phone and devices and other tech toys and asking "was any of this worth it?".

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

#244

Post by ApolloFortyNine »

lolinder wrote: post #132
pembrook wrote: post #124

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…

Going out of your way on the internet to defend apples right to take 30% of every sale on the app store is insane to me.

Just how can you not see there's probably 20% of every purchase sitting on the table if competition was ever allowed to occur.

Not to mention the simple freedom of choosing what you want to install yourself, and not just what Apple allows you to...

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

#245

Post by monksy »

llm_trw wrote: post #187
swatcoder wrote: post #161

Earlier quoted context omitted.

> 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 go…

OpenAI was smart enough to build a moat for itself in Europe. The EU was dumb enough to dig it for them.

What is the value that OpenAI is bringing to the US right now?

Mostly its being used to generate text that fit a query.

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

#246

Post by ApolloFortyNine »

thrance wrote: post #77

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

This would kill the free internet tomorrow, and the one billion YouTube viewers would likely be quite upset about it.

Untargeted ads pay less than 5% what targeted ones do.

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

#248

Post by heavyset_go »

TheChaplain wrote: post #74

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.

There's this new book called The Grapes of Wrath that might interest you.

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

#249

Post by tivert »

localfirst wrote: post #226
tivert wrote: post #144

I don't think big-tech companies exiting is a bad thing. They're so used to getting their own way and making the rules that it's probably signal that Europe is on the right track.

Pretty much these articles from FP are notorious for their poor journalism and just a mouthpiece for billionaires In fact a huge chunk of American MSM is turning out to be unreliable and quick to deceive its readers who are still stuck in the "why would they lie to us". Europe is doing a good job and as are more sovereign countries waking up to the techno-colonialism at play. If Google or Facebook is in your country,…

> If Google or Facebook is in your country, they do not share your country's interest and instead pushing their own American ideologies.

> More and more countries should reject American tech companies that seek to interfere and spread their fcked up ideologies in the host country.

I'd go father: even in America they don't share their country's interest and instead are pushing their own Silicon Valley ideologies (e.g. they're all for solving problems, only so long as the solution means using more of their products, making them even more money, etc.).

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

#250

Post by okanat »

cheptsov wrote: post #189
autoexec wrote: post #180

The EU is free to pass laws preventing gatekeepers and insisting on interoperability requirements and Apple is free to refuse to do that and not offer their non-competitive gatekeeping products in the EU. There's zero reason to think that this will mean the EU won't have a tech market. It just won't have one that includes Apple products which refuse to follow the law. Seems like a massive win for the EU, and because…

Except EU doesn’t have big tech.

EU didn't go into an uncontrolled spree investing every company that had .com in its name and ruined thousands of lives and wasted billions of dollars.

EU usually doesn't let companies to grow uncontrollable sizes that the government is completely controlled by them not the citizens.

The existence of Big Tech means that the government did a very poor job in protecting the consumers and the free and fair market

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