Platformonomics TGIF #58: July 19, 2024

By

Platformonomics TGIF is a weekly roll-up of links, comments on those links, and perhaps a little too much tugging on my favorite threads.

You are only young once, but you can stay immature indefinitely.
— Ogden Nash

I may have found my personal credo!

News

Not Available in Europe: A Tipping Point?

Move Fast and Regulate Things: Welcome to the Morning After

“The law is rather vague,” concedes Kai Zenner, a parliamentary aide involved in drafting the rules. “Time pressure led to an outcome where many things remain open. [Regulators] couldn’t agree on them and it was easier to compromise. It was a shot in the dark.”
This scattergun approach has resulted in poorly-conceived regulations that will hinder Europe’s attempts to compete with the US in producing the AI companies of the future, warns Cecilia Bonefeld-Dahl, director-general for DigitalEurope, which represents the continent’s technology sector.
“Extra cost of compliance on EU companies is bringing us further down,” she says. “We will be hiring lawyers while the rest of the world is hiring coders.”
Officials are now frantically trying to plug the holes in the regulation before it comes into force.

Who could possibly have predicted this?

EU Insanity: Regulating Blue Checks

In the battle between the thin-skinned fractional CEO and the superpower of cheese over what constitutes a Twitter blue check, I find myself unequivocally siding with Elon. The EU is the world’s worst feature PM.

Antitrust Incoherence: Competitive Harassment Edition

I still maintain antitrust could be a positive force in the world if it were based on some principles as opposed to a thinly veiled pretext for shakedowns, political grandstanding, and competitive games.

3 responses

  1. “We will be hiring lawyers while the rest of the world is hiring coders.”

    That pretty much sums it up…

  2. Michael Mueller Avatar

    I think the EU should rather regulate the security software industry. The regulation of the banking business could be taken as a blueprint.

  3. Charles Fitzgerald Avatar

    The EU conceit is that if they regulate something, you’ll automatically get better outcomes. History says people arrogantly regulating things they don’t understand are more likely to get adverse/unintended consequences.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Updates By Email

Discover more from Platformonomics

Subscribe now to keep reading and get access to the full archive.

Continue reading