Earlier quoted context omitted.
Why can't the EU deploy capital? Regulation doesn't create better products, more aggressive marketing techniques, or deeply entrepreneurial mindsets which favor innovation and growth. While OP is quite aggressive here, there is a nugget of truth: innovation doesn't happen because "we have the best lawyers" or "the best regulations". Maybe some self-criticism would be warranted to solve the problem. Also nothing force…
Here's another JD Vance who doesn't understand what international rules are and justifies that with (lack of) innovation Below you can find the relevant GDPR excerpt. But before that, let me add to the coment below that US companies only comply with what EU institutions can enforce and what suits them; which is normal, since China does the same. Well, it couldn’t have been said better: in fact, we’re beginning to vie…
I view the dynamic from the opposite direction. You might think that that the EU is starting to view America the same way it views china, but in actuality the EU is starting to behave more like China. The wheels of a great firewall for the EU have been turning for some time already.