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Imagine the cost of all the compliance procedures that a tech company should implement in the EU: GDPR, Digital Markets Act, and maybe in the future: Chat contr
by JacobiX 4y ago
Imagine the cost of all the compliance procedures that a tech company should implement in the EU: GDPR, Digital Markets Act, and maybe in the future: Chat control. I think that the EU is putting barriers to entry that can backfire and harm its own tech companies, even if the initial plan is limiting the influence of US corporations for digital services.
- importantmsg 4y agoEU is economically a wasteland. Almost every traded company is 50 years old or more and derived from old national monopolies. European Commission efforts at "strengthening the union" are desperate attempts to reap even larger monopoly rents on the government account, to offset the secular decline.