[weikju]

> The waiver on data transfer out to the internet charges also follows the direction set by the European Data Act and is available to all AWS customers around the world and from any AWS Region.

Thank you, EU, on behalf of the rest of the world

[lelanthran]

Well waddya know... Looks like sometimes regulations do work better than the invisible hand of the free market.

Reality: the invisible hand is simply a fist made up of all members of a cartel.

[mikelitoris]

Invisible hand works in perfect markets which never exist in reality. It is used as a smokescreen by the people with insane amounts of money who can bend the rules to their will, to convince the rest of the people how the economy works. Like most of economics

[graemep]

Adam Smith himself never claimed it was that simple. He also wrote on ethics (and regarded that book as more important IIRC). He also warned that those is the same trade would inevitably conspire against the public.

[SoftTalker]

Or as John Adams said, "Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."

I think interpreting this in a modern context, "religious" can be translated as "ethical"

[lasereyes136]

That is weird, people taking a body of work out of context to advance their agenda.

[gumby]

That’s basically all advocates of Adam Smith. I doubt that most of them have even read it — they’d be shocked by what he actually wrote.

[graemep]

His detractors do the same.

[Lionga]

Regulations work with perfect governments that are all knowing, all powerful and only interested in the good of the people. It is used as a smokescreen by the governments who can (literally) bend the rules to their will, to convince the rest of the people how the economy works.

I would say this is ever further from reality than perfect markets.

So we probably need both.

[AtlasBarfed]

The reality of the US Government is that regulations only happen when sufficiently monied interests are diametrically opposed and then some sort of logic sometimes comes out of it.

At least the US model often feels the need to produce something that appears sensible on the surface, although usually with gotchas in subsection 14 part C paragraph 2.

The EPA, NHTSA, FAA, FCC, SEC, etc go through periods of wax and wane with being undermined, then publicly embarrassed, then reconstructed with legitimate people, then undermined, etc. But they exist and ... eventually ... impose regulation.

I have never heard anyone say credibly as a politician to get rid of them, and goddamn are there a lot of corporate forces that want them gone, so as institutions these regulatory agencies have proven themselves.

The FDA however ... I'm pretty down on.

[shrubble]

Amazon, Google and Azure are anything but free market; they have been getting subsidies and abatements in the 10s of billions all along.

[wooque]

Invisible hand works in the free market, unfortunately the free market only exists in theory.

[dotnet00]

The free market was working, in the sense that there are decent options which don't use egress fees as lock-in. The issue was that the invisible hand is too slow and involves too much chaos when strong network effects (and related lock-in) become involved. Such effects weaken the presumption that competitors can be easily switched to.

[hkt]

> Such effects weaken the presumption that competitors can be easily switched to.

Plus, the egress fees were too damn high

[belter]

Financial markets are some of the most regulated environments anywhere.

[switch007]

It’s way too early to thank them. Wait 5-10 years, see what effect it has on prices, competition etc

[makeitdouble]

GCP, Azure and AWS have been here for more than 10 years, free to do almost whatever they want. Did the prices decrease and competions pop up everywhere ?

[scarface_74]

Well seeing that according to the CEO of Amazon and former CEO of AWS, Andy Jassy, only 5%-10% of all IT infrastructure spend is on any cloud provider, the three cloud providers can hardly be considered an oligopoly.

https://accelerationeconomy.com/cloud-wars/amazon-ceo-andy-j...

[ensignavenger]

There are quite a few competitors in the space, yes. Prices haven't gone down as much as I would like, but they have gone down some and the products have improved.

[pquki4]

How can the ability to transfer data to another cloud provider or your own server increase price?? Doesn't that mean there is more & fairer competition?

[SteveNuts]

I think they mean that AWS et al will make that margin up somewhere else by either charging for something they didn’t charge for before or increasing prices.

Companies don’t like to have their bottom line affected.

[ensignavenger]

But the real key to Amazon wanting to charge high egres fees was to keep you from moving your data out. If they raise prices elsewhere, there is one less barrier to moving to one of their many competitors.

[uuddlrlrbaba]

Do you think that alternate clouds will offer better or worse pricing and incentives to migrate as a result of this?