Earlier quoted context omitted.
The problem is EU does not want home-grown ecosystem. EU wants BigTech they can do business (as well as „business“) with. Big old businesses are very reliant on export to certain markets. E.g. German car industry in China. Thus there's a big push to not have protectionist policies due to fear of retaliation. But such approach does not help to build local ecosystems in newer niches. Could you imagine EU doing to TikTo…
> Could you imagine EU doing to TikTok what US did? Since they seem to have no qualms picking fights with big US tech when they run afoul of their regulations...yes. Yes I can absolutely imagine that. Plus, establishing a homegrown market is not "protectionist politics". It's allowing for, and enabling, competition, which, according to every proponent of capitalism, is a good thing (which is funny, because capitalism…
Meh. It's just squeezing some cash.
> Plus, establishing a homegrown market is not "protectionist politics".
It's 100% protectionist politics once you start doing more interesting things :)
> It's allowing for, and enabling, competition, which, according to every proponent of capitalism
Ah yes. That's exactly what modern europe is known for :)
> What is China going to be (officially) angry about? That the EU takes their own money to fund startups and alternatives, in, and for, their own home market?
China doesn't need to be officially angry. They can simply retaliate by forcing EU-related companies out. Sort of like they already do, just more strictly. Which is funny that China has all sorts of protectionist policies, but what if West retaliates... All hell breaks loose.