Every time I take a look at European News, I see the EU pushing more regulation targeting Meta, Google, Amazon, Apple, and Microsoft. In reading through a recent article, I saw that the EU is taking up to 0.05% of annual worldwide revenue from these companies to “monitor” them and I think it’s absolutely ridiculous. I’m all for creating a competitive tech industry, giving consumers good choices (not just tons of crappy choices), and creating rules/laws/norms for the digital space but nothing the EU does feels like it promotes innovation. All I see are fees, fines, complaints against much more successful business. To me, this feels like a cash grab. Anyone else have thoughts on this? https://www.reuters.com/technology/eu-countries-lawmakers-clinch-deal-new-online-content-rules-2022-04-23/ Edit: to be clear, I think the EU has a pile of dog crap tech industry because they’ve punished innovation. They seem to want to saddle companies with unrealistic responsibilities so that they can later punish them with massive fines and boost their approval ratings with firing rhetoric against them.
EU will become third world country in 25 years…pathetic leadership all across
As European citizen I agree with you entirely, socialism/communism always fails. EU taxations, regulations and money wasting is unprecedented in civilized world. I am from Poland so I know first hand what such politics leads to. I want to get out of here asap (to USA).
Something tells me you think Africa is a country too.
The EU essentially wants to move toward federated model like the states within the US. He’s not that far off,
No, someone need to rein in in all these big tech. Glad At least EU is doing it.
And what did big tech do wrong exactly? (Exclude meta)
Define “rein in.”