[tastroder]

> The EU doesn't prevent the "bad" startups from existing. They just prevent them from starting in the EU, which means the EU misses out on a lot of the potential upside.

To me that sentence just isn't logical. Yes, they'd prevent some them from starting in the European market with their exact original business model if they were starting out now (and not like half of them in the last millenium). None of them started out here back in their time so that sounds more like a question of market penetration than benefit for the startup culture anyhow. With the GDPR they will hopefully also prevent said market penetration for bad actors when the time comes for the next generation of startups.

If GDPR is the sole reason and, subsequently, the US chooses to foster such businesses to win in a market, more power to them. Your examples might be huge successes, but many of them are at this time considered to be either unethical (Facebook, for the most part; Google had their share of negative attention) or plain illegal (Uber for example still hasn't managed to really start out in Germany, let's throw in AirBNB for good measure - I think they were founded in about the same year - huge financial hit that leads users to break laws and contracts left and right).

The calculation of long term cost and benefit is honestly the point where this discussion switches from economical concerns to political, at least for me since I'm not versed enough in macroeconomics to begin to judge that and would always place society over monetary concerns. I'm sure neither of us can win over the other so I'd suggest we leave it at that.