<story><title>Big tech face EU blow in national data watchdogs ruling</title><url>https://www.reuters.com/world/europe/top-eu-court-says-national-watchdogs-may-act-against-violations-blow-facebook-2021-06-15/</url></story><parent_chain><item><author>axlee</author><text>&amp;gt;How about actually supporting the European Tech industry instead of just adding endless bureaucracy?&lt;p&gt;Why do you make it sound like they don&amp;#x27;t? The EU invests massive amounts in technology (in regards to its paltry investment budget, but that&amp;#x27;s another debate).&lt;p&gt;One does not prevent the other. And calling regulations against clear abuse &amp;quot;endless bureaucracy&amp;quot; is insidious at best.</text></item><item><author>nivenkos</author><text>How about actually supporting the European Tech industry instead of just adding endless bureaucracy?&lt;p&gt;Ban Oracle and Microsoft from public procurement and start supporting the European equivalent of Baidu or Yandex. With ARM (prior to the acquisition), Linux, MariaDB, etc. - Europe was in a great position to do this.&lt;p&gt;We need to stop this digital colonialism where massive, monopolistic US corporations pay no taxes in Europe, and then take all the profits back to the US where they pay 3x the salaries - only supporting the US economy.</text></item></parent_chain><comment><author>throwaway12509</author><text>I believe the EU would be better off if it just deleted its technology funding apparatus and tried to rebuild something like DARPA, while focusing on procurement like the poster suggested.&lt;p&gt;There is a huge amount of money available, but it&amp;#x27;s locked behind layers and layers of bureaucracy. It is a huge waste of time on both sides, for some anecdotal I&amp;#x27;m procrastinating from an application as I type. I should be coding or doing something otherwise useful.&lt;p&gt;The situation has devolved to where startups treat public funding as though it were revenue and have dedicated teams to chase it.&lt;p&gt;The Economist had an article here a few days ago lamenting that Europe fails to produce IPOs, which is where the actual problem lies. If ExpectedValue[European Startup] = ExpectedValue[Startup] | No IPO, then it&amp;#x27;s no wonder European startups are valued at 10% of their US counterparts.&lt;p&gt;The EU needs to get out of the way and end its Lots of Little Winners policy, because without winners you just wind up with Lots of Little Losers in a globalised economy.</text></comment>
<story><title>Big tech face EU blow in national data watchdogs ruling</title><url>https://www.reuters.com/world/europe/top-eu-court-says-national-watchdogs-may-act-against-violations-blow-facebook-2021-06-15/</url></story><parent_chain><item><author>axlee</author><text>&amp;gt;How about actually supporting the European Tech industry instead of just adding endless bureaucracy?&lt;p&gt;Why do you make it sound like they don&amp;#x27;t? The EU invests massive amounts in technology (in regards to its paltry investment budget, but that&amp;#x27;s another debate).&lt;p&gt;One does not prevent the other. And calling regulations against clear abuse &amp;quot;endless bureaucracy&amp;quot; is insidious at best.</text></item><item><author>nivenkos</author><text>How about actually supporting the European Tech industry instead of just adding endless bureaucracy?&lt;p&gt;Ban Oracle and Microsoft from public procurement and start supporting the European equivalent of Baidu or Yandex. With ARM (prior to the acquisition), Linux, MariaDB, etc. - Europe was in a great position to do this.&lt;p&gt;We need to stop this digital colonialism where massive, monopolistic US corporations pay no taxes in Europe, and then take all the profits back to the US where they pay 3x the salaries - only supporting the US economy.</text></item></parent_chain><comment><author>YorkshireSeason</author><text>&amp;gt; EU invests massive amounts in technology&lt;p&gt;An interesting question is: what&amp;#x27;s the ROI of this investment. Anecdotally, the over the last 50 years the EU has been loosing their leadership in field after field. First to the US, then Japan, S Korea, Taiwan, now China. With the loss of the UK Arm is no longer an EU company. Have you looked into Linux commits recently [1], or where papers come from in the top CS conferences?&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;news.itsfoss.com&amp;#x2F;huawei-kernel-contribution&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;news.itsfoss.com&amp;#x2F;huawei-kernel-contribution&amp;#x2F;&lt;/a&gt;</text></comment>