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Shock UK Regulatory Coup Gives Government Sweeping Control Over US Techwww.piratewires.com/p/shock-uk-regulatory-coup-gives-government-sweeping-control-over-us-tech
304 sats \ 1 comment \ @Arceris 29 Nov Politics_And_Law
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10 sats \ 0 replies \ @Rothbardian_fanatic 29 Nov
The trend seems to be going global. In addition to the UK, Brazil, Australia, Nigeria, Germany, South Korea and Turkey are all either looking at or implementing similar regulatory frameworks. This means US companies powering digital innovation will be fighting on (at least) three fronts — one for technological progress, the second to keep competitors at bay, and the third against a raft of new regulations being pushed by world governments who are increasingly rejecting free market principles in favor of an approach that’s beginning to seem a lot like top-down economic planning.
There’s a possibility that the Trump administration will, at least in some form, push back. But in the meantime, the regulatory hurdles are getting higher and the fines are getting bigger.
I don’t think that any of these single country attempts to regulate global businesses or businesses in other countries will work. The communists doing this can regulate their own little fiefdoms as much as they like, but international companies may do an alight bit of objecting. Why not just tell GB to f*ck off and boycott everything from there, kick all of the Brits out of America, again and tell them not to come back? Or, slap a 300% tariff on anything coming from GB and any money leaving this country to there?
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