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By trying to make governments irrelevant, the big internet companies will end up in the bin of history. I would say that it is understandable that China or the
by gonvaled 8y ago
By trying to make governments irrelevant, the big internet companies will end up in the bin of history. I would say that it is understandable that China or the EU are not happy to see how their tax revenue is siphoned out to the US (in the best scenario) or to fiscal paradises (in the worst case).
A supra-national level of organization is desirable, with open networks and a global community, but not the way we are doing it right now: currently a handful of companies are amassing all the power, benefitting a very small minority of workers (SV), collecting private information worldwide and providing that information to the US government. It is not even illegal, as Snowden thankfully revealed: US laws do not protect foreign nationals against eavesdropping.
What else can we, in the rest of the world, do? Since the behemoth is profitting from the global network but not contributing to its fairness, the only option left is to break it up, and take care of our piece of the network.
The other, better option, would be to regulate all this at the supra-national level. Sadly, we are entering a phase of nationalism, and that battle is already lost.
- tim333 8y agoI'm not sure Google, Facebook and the like are actively trying to make government irrelevant or heading for the bin for that reason. Their core stuff of providing search results or updates of what your friends are up to are kind of separate from the core duties of governments of making laws. I agree the tax situation is a problem and think govenments should change the tax laws. Countries could estimate a fair tax for each multinational and tell them pay it or be blocked. Its not really the problem of the CEOs who can only really pay the tax required by law. GDPR seems something of a success at regulating things supra-national level if not perfect.