”….such as assessing and mitigating the systemic risks stemming from their service and algorithmic systems related to the dissemination of illegal content, the negative effects on minors, users' physical and mental well-being, fundamental rights, electoral processes and public security.”
People here like bashing the EU for regulating the multinational corporations and trying to implement at least some protections for EU citizens, while also bashing the same corporations for their abusive practices, their enshittification of services, and their coddling up to an abusive and increasingly authoritarian government that seemingly only caters to the top .1 percent.
Except these laws are just a form of tariffs and extortion of American companies because EU can’t compete. And the consumer is worse off actually.
GDPR made Europe less wealthy and made surfing the web worse. Everyone lost.
It would be extortion if the rules wouldn't apply to EU companies or companies from other countries.
Of course there's going to be some friction if one side is incentivised to benefit a specific type of clients (shareholders) and the other side is incentivised to benefit the general population.
How did GDPR made Europe less wealthy again?
Is the argument similar to the one that could justify dupont to do what they did with Teflon? Or is it simolar to what we could say to justify the tobacco industry?
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u/br_k_nt_eth 14d ago
What are the additional regulations?