Thanks for the detailed and clear answer! I mostly agree with you.
Each regulation has a cost. Of course privacy and sensitive data protection is a nice to have, but is it worth the marginal cost it imposes? Or another way to see it: When you have a large number of costly regulations, you raise the cost to the point that the EU tech industry underperforms:
There is a clear difference in mindset like you said. Europe is less inclined towards entrepreneurship and more towards a powerful state that regulates the economy. I won’t lie, I am often disappointed when looking at it on the entrepreneur side.
But overall, and I think that’s the whole point : most europeans are fine with it because of the tons of protections it brings to citizens compared to… well pretty much everywhere else. (again this is looking at a very broad picture, there are huge differences in Europe between countries, people, etc...)
Here, GDPR is often looked at through the eyes of americans and obviously it’s completely against the US way : that was actually the point, exactly like the tax on digital services and other “attacks” against tech giants. Americans can say they hate the GDPR, that’s fine with me but always saying “this is so stupid” is imho misunderstanding its goal.
Thanks for the detailed and clear answer! I mostly agree with you.
There is a clear difference in mindset like you said. Europe is less inclined towards entrepreneurship and more towards a powerful state that regulates the economy. I won’t lie, I am often disappointed when looking at it on the entrepreneur side.
But overall, and I think that’s the whole point : most europeans are fine with it because of the tons of protections it brings to citizens compared to… well pretty much everywhere else. (again this is looking at a very broad picture, there are huge differences in Europe between countries, people, etc...)
Here, GDPR is often looked at through the eyes of americans and obviously it’s completely against the US way : that was actually the point, exactly like the tax on digital services and other “attacks” against tech giants. Americans can say they hate the GDPR, that’s fine with me but always saying “this is so stupid” is imho misunderstanding its goal.