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First movers tend to have an advantage. That’s rarely permanent so getting concerned and trying to preemptively regulate is just bound to create more problems t
by SllX 6y ago
First movers tend to have an advantage. That’s rarely permanent so getting concerned and trying to preemptively regulate is just bound to create more problems than it solves.
If Facebook/Google went away from Europe tomorrow, Europe would adapt around their absence just as they adapted to their presence, but that doesn’t mean it wouldn’t hurt and hurt actual people. You don’t need state monopolies, you just need to let hungry entrepreneurs continue to look for opportunities just as Facebook and Google did at one point in their existence and exploit those opportunities.
- analog31 6y agoIndeed, and I think that a basic safety net can smooth out the roughest of rough edges. There's no reason why a person needs to starve if their platform vanishes.
- SllX 6y agoTo be fair, it’s not likely their platform will vanish overnight as long as Google and Facebook are making money in Europe unless the EU really does drive them out. Market shifts can be fast but there’s at least usually some leading indicators when a small business might no longer be viable.