Thread

1. fintechjock · 1790035122 · focus · HN ↗

   The EU seems to live in a world all on its own. They can’t fine enough to actually change the behavior of big companies, but they can fine enough to kill their own startup culture.

   I don’t feel bad for them anymore. Their voters seem to be fine with this status quo. And I get why other countries see these fines as trying to raise taxes by other means because it hasn’t and won’t change anything.

   1. bertmuir · 1790038088 · focus · HN ↗

      Can you think of even 10 notable cases of startups being killed by fines? Let alone the 1,000+ you would need to identify to justify the claim.

      I can't think of a single one. It barely registers as a risk.

      Although I can think of several US startups that bankrupted themselves with fines for fraud etc....

      1. fintechjock · 1790042676 · focus · HN ↗

         The startup culture is what is killed by fines. It’s not possible to count how many companies are not started because of over regulation

         1. xethos · 1790054271 · focus · HN ↗

            The very same startup culture of "Screw the law, we could make a lot of money" hasn't exactly endeared me to it

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