If your business can't make money because you have to respect the rights and freedoms of your customers, then close your shop up. If your business can't make money because you have to pay your workers enough to live, then close up shop. If your business can't make money because you have to abide the laws of the countries in which you operate, then close up shop.
This bizarre entitlement that entrepreneurs have, especially but far from exclusively in the tech space, that just because they want their business to exist and make money that they therefore have this strange innate right to transact and draw profit, even when providing subpar service, paying subpar wages, cutting corners in the work they do, etc. etc. has been entertained for far too long. The way I was always taught it, markets select for firms that provide service well, at competitive cost, and business is a RISK because of those things. Sometimes risks don't pay off.
You have it backwards. None of these tech companies are candid about how they monetize. I'd imagine that all but the bottom 10% of users at this point understand what is going on. So the problem isn't entitled corporations, the problem is users are willingly using these services.
It would be way more fruitful if you redirected your anger towards the users who continue to just shrug and hand over their data. Or the ever growing contingent of people who are ad-blocking everything anyway, eating the fruits of garden while keeping their wallets taped shut. For them, the system as it is now is best.
It’s ironic that you’re talking about entitlement when the EU is more or less telling meta to provide its services for free.
Given that many EU countries are part of the 14 eyes alliance, these laws seem more like hypocritical protectionist legislation. They don’t care about the privacy of EU citizens. They only care about the survival of ancient EU companies. Ie why aren’t EU publishers subject to the same terms? Why can they offer targeted ads in lieu of payment?
EU protectionism is also one of the reasons why the US is growing tired of continuing to subsidize the EU’s defense.
ToucanLoucan|1 year ago
If your business can't make money because you have to respect the rights and freedoms of your customers, then close your shop up. If your business can't make money because you have to pay your workers enough to live, then close up shop. If your business can't make money because you have to abide the laws of the countries in which you operate, then close up shop.
This bizarre entitlement that entrepreneurs have, especially but far from exclusively in the tech space, that just because they want their business to exist and make money that they therefore have this strange innate right to transact and draw profit, even when providing subpar service, paying subpar wages, cutting corners in the work they do, etc. etc. has been entertained for far too long. The way I was always taught it, markets select for firms that provide service well, at competitive cost, and business is a RISK because of those things. Sometimes risks don't pay off.
coretx|1 year ago
Workaccount2|1 year ago
It would be way more fruitful if you redirected your anger towards the users who continue to just shrug and hand over their data. Or the ever growing contingent of people who are ad-blocking everything anyway, eating the fruits of garden while keeping their wallets taped shut. For them, the system as it is now is best.
chaostheory|1 year ago
Given that many EU countries are part of the 14 eyes alliance, these laws seem more like hypocritical protectionist legislation. They don’t care about the privacy of EU citizens. They only care about the survival of ancient EU companies. Ie why aren’t EU publishers subject to the same terms? Why can they offer targeted ads in lieu of payment?
EU protectionism is also one of the reasons why the US is growing tired of continuing to subsidize the EU’s defense.