EU negotiators agree new rules to rein in tech giants
One reason the EU missed out on the internet is our unlimited willingness to be regulated. And we keep piling more and more bureaucracy on top of it.<p>This only cements the power of US big tech like Google and Facebook.<p>And it sets the stage for the next big applications of the web all being build outside the EU as well.<p>Here in Germany, everyone is afraid to start a web startup. And if they do, they spend endless amounts of energy on agonizing over the GDPR and how to build useful international services without using international tools. We sanctioned ourselves by making the use of foreign SAAS illegal.<p>If you are in the EU, try out surfing the web via a non EU IP once. It is an eye-opening experience. No cookie banners! Only Europeans have to deal with those.<p>But it gets worse: Look at European websites from a US IP. You <i>do</i> get cookie banners. European companies deal with degraded user experience, slower build time <i>and</i> worse monetization. On a worldwide basis. While the rest of the world only applies these downsides to the European part of their business.