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Regulators in the EU are just trying to hamstring American tech competitors so they can build a nascent industry in Europe. But what they need is capital and c
by whimsicalism 3y ago
Regulators in the EU are just trying to hamstring American tech competitors so they can build a nascent industry in Europe.
But what they need is capital and capital is frightened by these sorts of moves so will stick to the US. EU legislators are simply hurting themselves, although I have heard that recently they are becoming aware of this problem.
Wish those clued into the dangers of big data would name the precise concern they have. I agree there are concerns, but it seems like there is a sort of anti-tech motte-bailey constellation where every time I try to infer a specific concern people will claim that actually the concern is privacy, or fake news, or AI x-risk. Lots of dodging, little earnest discussion.
- RandomLensman 3y agoI would be surprised if building up a corresponding EU industry is really a motive beyond lip service. Probably for simpler motives of not wanting new technologies to disrupt comfortable middle class lives.
- whimsicalism 3y agoThe EU DMA law was specifically crafted to only target non-EU companies and they are on the record saying that they only picked the 6 or 7 largest companies because if they went beyond that it would start including European tech cos.
- RandomLensman 3y agoSource? Because it really comes down to who it was.
- whimsicalism 3y ago‘ Schwab has repeatedly called for the need to limit the scope of the DMA to non-European firms. In May 2021, Schwab said, “Let’s focus first on the biggest problems, on the biggest bottlenecks. Let’s go down the line—one, two, three, four, five—and maybe six with Alibaba. But let’s not start with number seven to include a European gatekeeper just to please [U.S. president Joe] Biden.”’ from https://www.csis.org/analysis/implications-digital-markets-act-transatlantic-cooperation https://www.csis.org/analysis/implications-digital-markets-a... Intentionality seems pretty clear and this guy is highly relevant to the crafting of DMA. It’s just an approach to procedural lawmaking that is somewhat foreign to American minds that are used to ‘bill of attainder’ style concerns.
- RandomLensman 3y agoHe didn't suggest not to include a European company to protect it but rather it shouldn't just be in there to placate the US. That is different from it should be in there but we keep it out to protect it.
- whimsicalism 3y agoIf you read that and come away thinking there aren’t protectionist impulses at play, I don’t know what to tell you.
- RandomLensman 3y agoThere probably are, but my guess is that they are secondary to just not wanting "that stuff" in the first place.