It’s the classic “we must regulate pi=3” problem. They want the benefits of the tech without the capitalistic intent or unwanted side effects. The European reg

It’s the classic “we must regulate pi=3” problem. They want the benefits of the tech without the capitalistic intent or unwanted side effects. The European regulatory regime is specifically designed to prioritize social welfare (as defined by regulators) over technological advance. Just look at Spotify: technically stagnant, but a lobbying and regulatory powerhouse.