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There is no major european internet company worth speaking about, so I think they probably don't care if it irreparable damages their own local companies in the
by zorkw4rg 8y ago
There is no major european internet company worth speaking about, so I think they probably don't care if it irreparable damages their own local companies in the process of damaging the foreign ones since they are virtually non existent anyhow.
Ironically the foreign big ones have enough resources to comply to the law, small local ones don't and will die/never be created in the first place.
> the regulating authorities can pick whoever they want to prosecute
It doesn't really work that way, at least not in germany, anyone can just sue (or threaten to sue) their competition over this (they already started) there is no such thing as this mythical benevolent authority who could stop this wanton destruction you are talking about.
- Grollicus 8y ago> anyone can just sue (or threaten to sue) their competition over this This is wrong. Competitors (and only competitors) can send a cease-and-desist letter based on competition law, because ignoring GDPR gives an unfair advantage - even that only in Germany because the tool used here ("Abmahnungen") are a unique german thing. They are also a common thing between companies that don't "like" each other and if you send one you can expect to get one back. Receiving one costs ~1000 € (goes to the opposing lawyer) so they don't hurt much and the only one profiting is the lawyer.
- zorkw4rg 8y agoYes competitors have an unjust advantage if they don't comply with GDRP and you can take legal action against them. There is no authority that goes around deciding when this actually makes sense or is harmful to the economy. Which was my point. > the only one profiting is the lawyer how would I not profit from my competition having to pay money, I don't care if I get the money.
- ucaetano 8y ago> Ironically the foreign big ones have enough resources to comply to the law, small local ones don't and will die/never be created in the first place. Yep, that's what I've been saying all along, but people don't seem to understand. The real cost of regulation isn't the cost of non-compliance and the punitive measures that follow. It is the cost of compliance, reporting, addressing an endless stream of complaints and requests for information. Large companies have the resources to handle that, small ones don't.