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If they're serious about that, then why are they reinforcing the monopolies of the two greatest offenders, YouTube and Facebook? YouTube and Facebook already ha
by quanticle 8y ago
If they're serious about that, then why are they reinforcing the monopolies of the two greatest offenders, YouTube and Facebook? YouTube and Facebook already have the market dominance and engineering talent necessary to build whatever content blocking filters that are mandated by the EU's boneheaded regulations. This regulation will hurt them, sure, but the worst outcome for YouTube will be a bunch more videos that are "unavailable in your country". Same thing with Facebook -- it already shows different posts to different users based on geography; this will be merely one more criterion to filter posts on. What this will kill is all the companies that could compete with Google and Facebook. No one is going to found a media-sharing startup when even a single slip up can leave them liable for an eight or nine-figure sum.
My theory is that, despite their rhetoric, the EU is actually okay with monopolies. Monopolies are easier to extract rents from, in the forms of fines and taxes. It seems like the EU would rather have a single Facebook, a single YouTube, a single Google, etc. than many competing smaller firms.