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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

#611

Post by Nasrudith »

toomuchtodo wrote: post #401
khuey wrote: post #365

Earlier quoted context omitted.

AAPL's profit is roughly equivalent to the GDP of Slovakia.

I understand you were rebutting OPs point that not every tech company is a capital furnace, but when framed in this manner, this sounds like something to be solved, not something to be proud of. That’s the difference between the EU and the US, and there is a strong case to be made that life is better in the EU when observing majorities. Who is benefiting from Apple’s profits being the size of a small country’s GDP? N…

Assuming that they know better than everyone else how they should be spending their money, and that reality is the one wrong because the numbers are too big when they are selling to the world? That sort of hubris is exactly why they don't have a world tech industry.

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

#612

Post by toomuchtodo »

Nasrudith wrote: post #611
toomuchtodo wrote: post #401

Earlier quoted context omitted.

I understand you were rebutting OPs point that not every tech company is a capital furnace, but when framed in this manner, this sounds like something to be solved, not something to be proud of. That’s the difference between the EU and the US, and there is a strong case to be made that life is better in the EU when observing majorities. Who is benefiting from Apple’s profits being the size of a small country’s GDP? N…

Assuming that they know better than everyone else how they should be spending their money, and that reality is the one wrong because the numbers are too big when they are selling to the world? That sort of hubris is exactly why they don't have a world tech industry.

> That sort of hubris is exactly why they don't have a world tech industry.

You make this sound like a bad thing. There are diamonds to be found generating genuine value, but quite a bit of activity is simply low value under the guise of innovation.

I would caution against mistaking clarity and understanding for hubris. Europe doesn’t have line go up, but their citizens live better lives by most objective measures. From an optimization and first principles perspective, we should always be mindful of what we are optimizing for, so when I see people come out swinging with “Such profits! Much Tech! Innnnnnnovaaaaaation!” I approach it from a “simmer down now, lets decompose the system and observe” approach. What are the desired outcomes and what is value perspective we can compromise on as “good,” and then work backwards.

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

#613

Post by tcfhgj »

FMecha wrote: post #499
ripped_britches wrote: post #445

Earlier quoted context omitted.

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

Making everything rely on subscription (consider European TV license fees as such) and word-of-mouth is what you end up with. Except in the case of former, over-subscription is getting into a problem too.

why does nobody think of micro payments?

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

#614

Post by hcfman »

hintymad wrote: post #315

I'm curious on why European people allow such heavy regulation. They really think that the Europe can enjoy their prosperity with little innovation for years to come?

Well. The laws are made up by a non elected commission. And these people don’t give a shit about what the people think.

Governments that don’t toe the line to what the commission want get pressured into ultimately complying.

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

#615

Post by Nasrudith »

autoexec wrote: post #332
RcouF1uZ4gsC wrote: post #327

Earlier quoted context omitted.

> 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. Apple is also free to lobby the US government and people to take action against the EU. Especially if Trump gets elected, Apple complaining about Europe taking advantage of American companies would resonate with a…

Why should the US government care if Apple chooses not to sell some of their products in the EU because they don't want to abide by the EU's laws? The EU isn't taking advantage of US companies, or looking to pressure the US. The EU has every right to set their own laws and businesses can decide for themselves if they want to sell their products there. The fact that Russia exists doesn't change that.

Because even without public ownership of Apple stock China style or even any lobbing from Apple, the US government are effectively "invested" in their gains via taxation. Apple's interests are the US's interests to some small extent (technically so is that small coffee shop down the block). Geopolitical interest implies they'd care enough to at least nudge the EU a little.

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

#616

Post by hcfman »

jokethrowaway wrote: post #339
hintymad wrote: post #315

I'm curious on why European people allow such heavy regulation. They really think that the Europe can enjoy their prosperity with little innovation for years to come?

There are too many layers of government. We have no way to influence what our leaders do in our own governments. Go figure how much our representative in the EU parliament will be able to represent the will of the people. Ask anyone in EU who is their country representative. They won't be able to tell you. Heck, ask who the president of the EU commission is. Nobody will be able to tell you and she's been ruining our…

Here here. Well said!

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

#617

Post by hcfman »

hcfman wrote: post #616
jokethrowaway wrote: post #339

Earlier quoted context omitted.

There are too many layers of government. We have no way to influence what our leaders do in our own governments. Go figure how much our representative in the EU parliament will be able to represent the will of the people. Ask anyone in EU who is their country representative. They won't be able to tell you. Heck, ask who the president of the EU commission is. Nobody will be able to tell you and she's been ruining our…

Here here. Well said!

And Ursula wants a never ending war for the next few generations. She loves war. No money left for innovation or for fighting climate change, which is going to be very expensive.

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

#618

Post by alach11 »

monksy wrote: post #245
llm_trw wrote: post #187

Earlier quoted context omitted.

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.

We’ve saved a few million dollars with it at my job.

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

#619

Post by mensetmanusman »

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…

Large tech companies have killed:

Apple kills migrant workers in China when fires break out or through stress, Samsung kills women working with solvents banned in the US, Exxon kills oil rig workers operating dangerously, etc.

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

#620

Post by mensetmanusman »

lanstin wrote: post #355
fallingknife wrote: post #317

Earlier quoted context omitted.

How can you combat bias in a team of humans if humans are susceptible to bias? How do you even know what neutral is if it's not a physically measurable quantity?

They send resumes with the same accomplishments and names that indicate race and observe the relative degrees of acceptance. Everytime they do this test, considerable bias is found to still exist.

Still using resumes, have an ai interview for knowledge and communication skill.
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