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What's nice about the EU there's 27 different parties and jurisdictions and home markets involved in regulation (note that the EU does not have regulatory power
by brnt 7y ago
What's nice about the EU there's 27 different parties and jurisdictions and home markets involved in regulation (note that the EU does not have regulatory powers, merely strong recommendations that nation states should implement at their earliest convenience which may very well be decades into the future). This creates a field in which it is much harder for a particular commercial party to get the upper hand.
- fennecfoxen 7y agoThis creates a field in which 20 of the 27 jurisdictions have some entrenched interest which securely holds the upper hand in that particular jurisdiction, secure from competition, free to earn economic rents.