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Here's the thing: Fines are a fast and easy political win against these "evil foreign tech giants". Just like rent seeking. Bootstrapping an ecosystem capable
by 908B64B197 6y ago
Here's the thing:
Fines are a fast and easy political win against these "evil foreign tech giants". Just like rent seeking.
Bootstrapping an ecosystem capable of spawning and growing global market leaders is hard. And it would require some very unpopular measures.
- Weak/Non-Existent non-compete
- Make it easier to hire and fire employees
- Competitive approach to retaining talent
- Lower tax rate for tech companies instead of endless government grants/subsidies
The last one in particular is critical. In some EU countries, you can already justify your 5th employee's complete salary having a dedicated "accountant" whose only job is to apply for government grants.
- BlueTemplar 6y agoEven that wouldn't be enough at this point. The only way would be to completely block the GAFAMs (and their Russian and Chinese equivalents of course) from operating in the EU. Only then alternatives might actually be able to gain a foothold.
- 908B64B197 6y agoThat's an admission of defeat to resort to these measures. Why not simply compete? Europe sure has the brains, give them the freedom to use them!
- cblconfederate 6y agoOf course it is, Europe has lost long ago. You can't compete, nobody competes with US big tech. And europe has nothing to lose
- 908B64B197 6y agoHave Europeans governments asked themselves why it is so?
- BlueTemplar 6y agoBecause they let infocom companies like Skype and Nokia to be sold to outsiders ?