Thread

1. thih9 · 1789929279 · focus · HN ↗

   I am once again happy that the EU is fighting practices like these via legislation.

   Some outcomes can be annoying, but the net result is still positive, for the consumers and their data privacy at least.

   1. altern8 · 1789934473 · focus · HN ↗

      I don't know if the destruction of many industries in the EU--including manufacturing--can be called an annoyance.

      All the EU bureaucrats can do is regulate, that's why it's so difficult to do business in the EU and that's why there is so little innovation over here. If Microsoft and Apple were started in the EU they would've been shut down within a week because you can't operate from a garage.

      I guess that every once in a while this might have a positive outcome for consumers, a broken clock is right twice a day.

      1. tene80i · 1789944101 · focus · HN ↗

         What do you think US bureaucrats do other than regulate? The federal government drives people crazy. Have you ever tried to file taxes in the USA? It’s so complex you end up having to pay for the privilege.

         The innovation gap is real but it’s not just to do with regulation. It’s a lot to do with concentrated capital networks (eg Silicon Valley). And sure, the tech giants are in the USA but it’s not like there’s no innovation in the EU. Spotify in Sweden. Challenger banks in the U.K. (included as Monzo predates Brexit). And plenty of innovation - they just get bought by US companies. Which is a financial market weakness, not a regulatory one.

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