3 ms·
It also serves as deterrent for smaller companies, and as regulatory capture occurs pulls the ladder up behind the big tech companies.
by BirAdam 3y ago
It 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.