3 ms·
That is true in theory but it is not (solely) what is at stake here. Here, we are talking about the cost of regulations, and these do eat into the profits of co
by Quanttek 7y ago
That is true in theory but it is not (solely) what is at stake here. Here, we are talking about the cost of regulations, and these do eat into the profits of companies. To some extent, these costs could also hurt competition (assuming the competitor had the same data-vacuuming business model). While we can not directly say whether the (possible) decrease in competition compensates for the compliance costs, looking at the overwhelming opposition by businesses small and large (incl FANG), it seems like the cost are higher.
- tastroder 7y agoCompliance costs money, what's supposed to be new or particularly bad about that? Many in this thread seem to argue that launching an internet based business or entering a market as large as the EU was previously free and I honestly don't see where this illusion is coming from. Yes, GDPR compliance costs money, just like a whole bunch of other things. > To some extent, these costs could also hurt competition (assuming the competitor had the same data-vacuuming business model). Same question, if that data-vacuuming assumption is true, why should the general public care about preserving that? GDPR regulation and implementations are by no means perfect but it's not like transparency, forcing companies to think about their impact on their users privacy and other aspects don't present benefits as well. I realize that the question of regulation is a matter of philosophy just as much as it is political but painting GDPR as some kind of killer of good businesses seems, at least, very weird.