Europe passes sweeping antitrust laws targeting America's Big Tech(theregister.com)
theregister.com
Europe passes sweeping antitrust laws targeting America's Big Tech
https://www.theregister.com/2022/07/06/eu_dsa_dma_laws_big_tech/
2 comments
The EU is all about protectionism. And to avoid obvious trade agreement infringements it will come up with regulations that either only eu countries can meet or are too expensive to implement. But these regulations kill off internal innovation as well. Developing eu member states need to spend massive amounts of money to implement them. And yet people wonder why there is so little innovation in europe. Perhaps some imagine they can keep building cars and machinery until the end of time.
> Both acts place restrictions on the behavior of large tech companies. The DMA aims to rein in the power of "gatekeepers" that are too large to be avoided, while the DSA operates under the assumption that "what is illegal offline, should be illegal online," as the EU Parliament describes it.
EU loves to legislate. They love it so much that their tech companies are unable to compete globally because of their legislations. So how to fix this? Legislate American companies too.