Comment by kristianc
1 day ago
Sovereignty is mostly just a protectionist racket. European firms struggle to compete with dominant US platforms, framing industrial policy as "sovereignty" rather than protectionism just sounds more strategic and security-oriented. I've seen US platforms bend over backwards to meet the requirements and they still choose their preferred winner. Predictably the goalposts keep moving.
This seems a bit tone deaf. Trump can force American tech companies to hand over data or disable accesss of European accounts. Eg a year ago he didn’t like what some judges at the International Criminal Court in The Hague (NL) were doing so he had Microsoft block their email access.
Sure it vibes very well with protectionists but the sovereignty angle is real. The USA is no longer a reliable partner.
(And just before someone mistakes my comment as having any stance on W Social, I do not)
EU doesn't have enough money to just buy the competition
EU had more money than China yet shipped fewer dominant software platforms
China doesn't allow foreign social media on their territory at all. US had one for a short time, then panicked and forced them to sell. EU can neither buy American platforms, nor does it want to build a great firewall of Europe, so it's trying to find other ways to get in control
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Yeah money is just a fancy paper if you can't translate it to actual productivity.
money and credit are different things. EU has credit.