4 ms·
Or maybe all companies will learn to leave EU behind in innovation. Even though the rules are great, I'm just not sure if it will be good or bad long term for
by xiphias2 2y ago
Or maybe all companies will learn to leave EU behind in innovation.
Even though the rules are great, I'm just not sure if it will be good or bad long term for EU.
- anonzzzies 2y agoToo much money here to leave it behind. This is a slap on the wrist anyway.
- llm_trw 2y agoThats what the Chinese through during the industrial revolution.
- croes 2y agoBut the west came back for cheap labor so a win for China in the long term
- llm_trw 2y agoThe century of humiliation is a funny name to call a period of winning.
- piva00 2y agoLet me know which tech company is willing to leave behind 1/2 to 2/3 of the revenue they make in the USA by quitting the European market. The analogy to China during the industrial revolution is simply non-applicable, to the point of not being even wrong.
- cqqxo4zV46cp 2y agoChina is by basically all accounts running rings around the US, based on current behaviour, whilst being a much more authoritarian regime. America loves to pretend that no other data points exist so they can attribute whatever good performance they’ve historically seen to whatever supposed cornerstone of American life is advantageous to make whatever point they want to make.
- deleted 2y ago[deleted]
- shinycode 2y agoI don’t think this kind of « threat thinking » is true. « We find ways to steal from you and it’s still good for you because otherwise you will be left behind without us ». It’s kinda feels like bullying to me
- gmerc 2y agoIt's called Colonialism
- concordDance 2y agoThis is an unconventional usage of "theft" in the "you wouldn't steal a car?" way. Could you explain how the Uber drivers are worse off due to their data being in the USA?
- darkwater 2y agoWell, they are UE citizens (at least a chunk of it). Following your reasoning, then the whole legislation is moot, and all European citizens data should be sifoned in the US without anyone complaining, because "hey, I'm in the UE so you cannot touch me", no?
- concordDance 2y agoI'm mostly objecting to the terminology.
- koollman 2y agoNot theft indeed, but copy/use of data without consent. How are they worse: They are now at risk if there is a data leak in the USA. There are higher fines for data leaks in Europe, so they aren't as well protected as before
- eska 2y agoDo you mind sending us all US citizens’ data? Just a copy, that is.
- shinycode 2y ago
- croes 2y agoWithout growing user numbers they lose stock value. And ideas like Uber aren't hard to copy by local companies. There was even a time where copy cats were an easy way to get rich. Copy a US company, wait to get bought by that company. That made the Samwer brothers rich.
- ghusto 2y agoTease. I would love it if companies from the U.S.A. left the EU. Not solely for the economic boost it would give local competitors (who have all but shut down when U.S.A. companies came), but also because they clash with our culture in negative ways.
- askonomm 2y agoI love the mention of "innovation". What innovation? All the areas of innovation that matter to the EU people, the U.S does not have. 0 federal paid holidays, almost non existent maternity leave, encourages unpaid overtime (something that is illegal in most of EU). Innovation in regards to corporations ability to screw over their own people for monetary gain is not something we're interested in, that's the U.S mindset - money and success before anything else, including personal freedom, employee rights, and so forth.
- Etheryte 2y agoIt's almost funny whenever this argument comes up. In most EU countries Uber isn't even the biggest ride hailing provider. In this space and every other, there's plenty of competition that would celebrate if any company left the market. There is no figurative void that would be left behind.
- jojobas 2y agoMaybe there's innovation somewhere, but putting third world migrants behind the wheel of rental cars isn't it. In any case, there are EU companies to pick up the slack (i.e. Bolt).
- vidarh 2y agoAll that will happen in that case is that it leaves less competition for companies that provide the same services in the EU.
- irdc 2y agoWe don't like the kind of innovation which exploits workers in this way. On this side of the great herring-pond, humans have rights.
- hasanhaja 2y ago> Even though the rules are great, I'm just not sure if it will be good or bad long term for EU. We can speculate this all we want, but I think it's fair to say with confidence that leaving companies unregulated (or poorly regulated) is bad for everyone in the long term. A slightly different example is the poor enforcement of antitrust laws being one of the reasons we have the tech oligopoly we have today with Apple, Google, Amazon and Meta.
- doikor 2y agoWhat is the actual innovation of Uber outside of trying to push the competitors out of the market with investor money? (this isn't anything new/innovative either) We had app based ride hailing services before Uber and still have them so it can't be that. Surge pricing also has existed before them.
- gmerc 2y agoIt's not like building these platforms is hard. They can leave.
- debesyla 2y agoBut USA companies leaving EU is better for competition - smaller EU-based companies can try to copy the model and do their own thing. For example, for Uber, lack of it (it took a while to come to some countries) already spawned lots of successful competition.
- altacc 2y agoWhat price is it worth paying for innovation? Innovation just means "new", not necessarily good or beneficial. If the innovation is for companies to be able to do anything and treat anyone however they like in order to make large profits for very few people then we don't want that innovation.
- gherkinnn 2y agoWhy can't this argument die? What innovation? These practices are those of parasites and leeches and ticks.