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> The waiver on data transfer out to the internet charges also follows the direction set by the European Data Act and is available to all AWS customers around t
by weikju 3y ago
> The waiver on data transfer out to the internet charges also follows the direction set by the European Data Act and is available to all AWS customers around the world and from any AWS Region.
Thank you, EU, on behalf of the rest of the world
- lelanthran 3y agoWell waddya know... Looks like sometimes regulations do work better than the invisible hand of the free market. Reality: the invisible hand is simply a fist made up of all members of a cartel.
- dotnet00 3y agoThe free market was working, in the sense that there are decent options which don't use egress fees as lock-in. The issue was that the invisible hand is too slow and involves too much chaos when strong network effects (and related lock-in) become involved. Such effects weaken the presumption that competitors can be easily switched to.
- hkt 3y ago> Such effects weaken the presumption that competitors can be easily switched to. Plus, the egress fees were too damn high
- shrubble 3y agoAmazon, Google and Azure are anything but free market; they have been getting subsidies and abatements in the 10s of billions all along.
- mikelitoris 3y agoInvisible hand works in perfect markets which never exist in reality. It is used as a smokescreen by the people with insane amounts of money who can bend the rules to their will, to convince the rest of the people how the economy works. Like most of economics
- graemep 3y agoAdam Smith himself never claimed it was that simple. He also wrote on ethics (and regarded that book as more important IIRC). He also warned that those is the same trade would inevitably conspire against the public.
- lasereyes136 3y agoThat is weird, people taking a body of work out of context to advance their agenda.
- gumby 3y agoThat’s basically all advocates of Adam Smith. I doubt that most of them have even read it — they’d be shocked by what he actually wrote.
- SoftTalker 3y agoOr as John Adams said, "Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." I think interpreting this in a modern context, "religious" can be translated as "ethical"
- Lionga 3y agoRegulations work with perfect governments that are all knowing, all powerful and only interested in the good of the people. It is used as a smokescreen by the governments who can (literally) bend the rules to their will, to convince the rest of the people how the economy works. I would say this is ever further from reality than perfect markets. So we probably need both.
- belter 3y agoFinancial markets are some of the most regulated environments anywhere.
- wooque 3y agoInvisible hand works in the free market, unfortunately the free market only exists in theory.
- switch007 3y agoIt’s way too early to thank them. Wait 5-10 years, see what effect it has on prices, competition etc
- makeitdouble 3y agoGCP, Azure and AWS have been here for more than 10 years, free to do almost whatever they want. Did the prices decrease and competions pop up everywhere ?
- scarface_74 3y agoWell seeing that according to the CEO of Amazon and former CEO of AWS, Andy Jassy, only 5%-10% of all IT infrastructure spend is on any cloud provider, the three cloud providers can hardly be considered an oligopoly. https://accelerationeconomy.com/cloud-wars/amazon-ceo-andy-jassy-speaks-lot-of-growth-in-front-of-aws/ https://accelerationeconomy.com/cloud-wars/amazon-ceo-andy-j...
- ensignavenger 3y agoThere are quite a few competitors in the space, yes. Prices haven't gone down as much as I would like, but they have gone down some and the products have improved.
- pquki4 3y agoHow can the ability to transfer data to another cloud provider or your own server increase price?? Doesn't that mean there is more & fairer competition?
- SteveNuts 3y agoI think they mean that AWS et al will make that margin up somewhere else by either charging for something they didn’t charge for before or increasing prices. Companies don’t like to have their bottom line affected.
- ensignavenger 3y ago
- deleted 3y ago[deleted]