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Or, alternative explanation, the fines aren't meant to deter behavior but serve as a way of rent seeking, signaling by politicians and bureaucrats and capturing
by bko 3y ago
Or, alternative explanation, the fines aren't meant to deter behavior but serve as a way of rent seeking, signaling by politicians and bureaucrats and capturing ever more regulatory authority by various groups
- BirAdam 3y agoIt also serves as deterrent for smaller companies, and as regulatory capture occurs pulls the ladder up behind the big tech companies.
- ethbr1 3y agoThe fines aren't large enough to be materially impactful to governments. So if it's rent seeking, it's a poor job of it. I'd expect they're at the levels they are because laws atrophied during the 80s - 00s, and this is indeed the maximum remedy that can currently be sought. Providing for tighter penalty scaling with relation to company size would go a long way to fixing this, including for small firms.
- janice1999 3y agoIt's really the opposite. The EU in particular is seeking to curb the power of monopolistic big tech. The fines are in responsive to anti-competitive behaviour. Smaller companies should be happy.