Comment by oblio
3 days ago
The fact that the EU just doesn't have big companies in the fields that are more likely to be abusive with customer data.
It's a bit like the sweatshop argument. If your company wins out by using sweatshops, yeah, you're going to end up with the billion dollar argument. But if a certain market doesn't want stuff produced by sweatshops, and they decide to dis-incentivize it by tariffing it, that:
a) makes sense from their point of view
b) is moral from a global perspective
Similar approach here.
Thats all a matter of perspective, not something I am willing to argue. EU has a history of making protectionist legislation under the guise of protecting its members, eg. the whole GMO story, and I can see how someone can make an argument here. If it is valid or not is up to you I guess.
But saying that the fines are mostly towards EU members when over 2/3 is fined towards US companies is misrepresenting the data and the opposing viewpoint.
Fixing a typo:
* you're going end up with the billion dollar company