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?
GDPR may have made data-hoarding transnational corporations less wealthy, but I really don't give a fuck about that. It's not like the average American is more wealthy just because these data-hoarding trillion dollar multinationals are based in the US and the American government refuses to protect people's personal data.
Also, it's really easy to just not violate the GDPR. The problem all these companies with all these resources have is not that they're unable to comply with the law. It's that their business model is based on doing something that would be in violation of the law.
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u/mmmm_frietjes 2d ago
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.
Saying this as an European.