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

foreignpolicy.com

581–590 of 761 posts

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

#581
post #295

Earlier quoted context omitted.

I'd even go to banning all commercial ads, like several cities have done offline. Reasons? Click bait, boosts consumerism, ads imply essentially a tax for everyone (remember that ads have to be paid by the consumers), CEO spam, annoying, environmental costs

You should ask an economist to model this scenario for you and then see if you still feel this way.

https://www.youtube.com/watch?v=s_4J4uor3JE comedy sketch called kill all the poor

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

#582

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.

Meta should've been nuked when Cambridge Analytica happened; the fact that US lawmakers did nothing after that is a complete joke. Zucc should be in jail alongside every other piece of shit who thinks it's their right to mass-harvest every single person's personal data indiscriminately for profit.

The FTC fined Facebook 5 billion dollars and required new safeguards and audits around sharing of user data: https://www.ftc.gov/news-events/news/press-releases/2019/07/...

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

#583
post #567

The most telling feature of the DMA is that it doesn't include Spotify. Spotify would not be compliant under the DMA for the same reason why the EU has charged Meta with non-compliance: > Under Article 5(2) of the DMA, gatekeepers must seek users’ consent for combining their personal data between designated core platform services and other services, and if a user refuses such consent, they should have access to a les…

I thought it was common knowledge that EU regulations target big foreign companies while ignoring big domestic ones? If they truly cared about monopolies/duopolies, they'd target LVMH, Luxottica.

I note this because they're constantly lying that their goals are for the protection of users, when their actions send a different message.

Here's the direct Twitter quote from Thierry Breton regarding the charge against Meta:

The #DMA is here to give back users the power to decide over their #data #Meta has forced millions of users across EU into a binary choice : “pay or consent”. In our preliminary conclusion this is a breach of the DMA. Today we take an important step to ensure Meta complies.

https://x.com/ThierryBreton/status/1807715743129043342

Meanwhile Spotify, all data brokers and any other non-DMA'd companies can take and exchange private user data. I believe the rule should apply to all companies because I don't see the point of "protecting" users from a handful of companies when that is a drop in the ocean of data collectors.

He also makes strange bed fellows, such as frequently advocating for Fortnite, the game title which the FTC found to be deliberately tricking children into unwanted purchases, then killing their Fornite accounts in retaliation should they obtain a refund.¹

https://x.com/ThierryBreton/status/1766167580497117464

¹ https://www.ftc.gov/news-events/news/press-releases/2023/03/... Note this fine is finalised because Epic didn't challenge the FTC's claims.

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

#584

Earlier quoted context omitted.

And you think they will manage to keep up in the future? You don’t think china will be 1.5x the US in 26 years?

The point is that since 2008 US was able to keep up with rapidly expanding China whereas EU stood still. We are discussing future of EU here.

In what way was the US able to keep up with china? The GDP chart google shows has a factor of 3.2 for 2008 and 1.4 for 2022 when comparing the US to china. If you seriously think the EU falling back behind china is a EU problem, I don’t know what to tell you. It might happen at a different speed but it’s only a matter of time before china takes over the US.

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

#585

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…

> but they have been trying desperately to stop all competition. Every large company in every industry wants to do this. > They've also been trying to extract as much personal info as possible for profit. Why would you expect a company not to pursue profits?

> > They've also been trying to extract as much personal info as possible for profit.

> Why would you expect a company not to pursue profits?

And that's how you justify children in cobalt mines I suppose ?

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

#586

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.

That's the case for most, if not all, of the new European regulations, such as the Digital Markets Act. The number of companies to which it applies can be counted on your hands, and they all have tens of billions of dollars of revenue.

Each country may have its own regulations though, which makes it difficult, because not all of them are threshold based.

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

#587

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.

You're commenting on an article doing exactly that. So that was not much of a struggle.

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

#588

"Europeans could end up living in an online backwater with out-of-date phones, cut off from the rest of the world's search engines and social media sites, unable to even access high-performance computer chips." Sounds like a paradise. More healthy lifestyle. For most people much of this stuff is unnecessary. If one wants to live life "online", glued a screen digesting garbage and propaganda 24/7, then one can relocat…

If we (EU) are not allowed to have high end AI chips strapped on quadcopters and Russia is, well, good luck to EU.

A (very hypothetical) war is not going to be won by AI chips and quadcopters.

Furthermore all of this applies to consumer tech, not military tech. Consumers are not allowed to have military drones, attack fighters, and tanks either.

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

#589
post #431

Earlier quoted context omitted.

Nah, the first iPhone was too expensive, slow, and limited in capabilities (no App Store). They quickly iterated to improve on all of that. The first watch also kind of sucked. The initial iPod wasn’t a blockbuster, either - didn’t work well on Windows, required FireWire. I’m sure there are other initial misses. I think there’s something there with Vision Pro, they just need to iterate and get the cost down.

Are you really saying the original iPhone was a "product miss"???

It was a good product, but it took a lot of iteration to make it the juggernaut it is today. Add bad battery life to the list of flaws, along with slow web browsing, slow processor, etc. With all of those, and the high price, it was relatively niche. The 3G lowered the price substantially, and iirc that plus the faster modem gave it a big popularity boost. And the 4 was substantially more popular than that.

My point is, don’t write off this whole product category because people balked at the price of the first iteration, it happened with the first iPhone, too. Apple grinds its way to excellent products.

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

#590

"Europeans could end up living in an online backwater with out-of-date phones, cut off from the rest of the world's search engines and social media sites, unable to even access high-performance computer chips." Sounds like a paradise. More healthy lifestyle. For most people much of this stuff is unnecessary. If one wants to live life "online", glued a screen digesting garbage and propaganda 24/7, then one can relocat…

It’s a short term paradise. You’re not going to be able to keep it that way when the rest of the world is more technologically advanced and you slip into poverty.

Things like Facebook, Meta, Uber and whatnot are not really innovative technology. Almost none of the tech the DMA regulates is innovative as such, other than some "innovation" to deal with the scaling, and the only reason they need to scale is due to the dubious business activities that allowed them to grow to this size.

The DMA is really about regulating basic common sense free market rules, not regulating technology as such.

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