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by peoplewindow
3029 days ago
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That doesn't work though. Sure, if it was some industry initiative then a broad statement of intent and people figure out the details as they go would be OK. But this one comes with massive, company destroying fines attached. If you and other domain experts debate and decide on a best practice, and then some EU commissioner disagrees and destroys your company with a fine you cannot pay, will you be so sure that vague laws are a good idea then? Will it seem like freedom to explore, or will it seem more like walking through a minefield? The EU wants to regulate the precise details of data handling in software firms. It can do that. But it's trying to have its cake and eat it - micromanaging the tech industry at the same time as refusing to be precise about what it wants. It just expects everyone to intuit what they want, on pain of corporate death if you fail. |
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They are not company destroying for large companies though. By raising fixed cost (and risk) of doing business, regulations of this kind are an absolute godsend for large companies.