> The European competition commissioner, Margrethe Vestager, said a smaller fine would have been nothing more than the equivalent of a parking fine and the €1.8bn was designed to act as a deterrent against a repetition of such practices by Apple or others.
It would be really cool to see the EU develop their own consumer tech companies instead of enacting protectionist law to rent-seek from American tech.
Ask any artist if Spotify should be a monopoly under the DMA. And yet it's not. Almost like the DMA is gerrymandered to exclude Spotify, just like the AI Act was recently gerrymandered to exclude Mistral, so on and so forth.
Whether it's with Article 45 trying to break PKI [1], or with the AI Act trying to regulate the transformer model itself [2], or with ChatControl trying to make E2EE illegal [3], EU regulation is clearly a clownshow at this point.
All the EU can do today is regulate (and not even good regulation.) Anyone that wants to innovate has long discovered that it's better to move to the US or elsewhere.
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[ 3.2 ms ] story [ 26.0 ms ] threadGood!
[0]: https://news.ycombinator.com/item?id=39589483
Ask any artist if Spotify should be a monopoly under the DMA. And yet it's not. Almost like the DMA is gerrymandered to exclude Spotify, just like the AI Act was recently gerrymandered to exclude Mistral, so on and so forth.
Whether it's with Article 45 trying to break PKI [1], or with the AI Act trying to regulate the transformer model itself [2], or with ChatControl trying to make E2EE illegal [3], EU regulation is clearly a clownshow at this point.
All the EU can do today is regulate (and not even good regulation.) Anyone that wants to innovate has long discovered that it's better to move to the US or elsewhere.
[1]:https://www.eff.org/deeplinks/2023/11/article-45-will-roll-b...
[2]: https://twitter.com/arthurmensch/status/1725076260827566562?...
[3]: https://www.patrick-breyer.de/en/chat-control-2-0-eu-governm...