It's crazy how many adults think regulation is free, especially here. All consuming vague regulations like GDPR increase the cost of a startup by 500%. Europe should have just banned startups entirely. It would have the same effect.

Imagine being a college student with 240 hours and $1,000 to release an MVP over the summer. How long would it take to read GDPR yourself, 100 hours? How much would it cost to hire a lawyer verify that your startup meets GDPR guidelines, $5,000? It would be almost impossible for any young person to start a business. GDPR was obviously a failure from the start. Anyone who couldn't see that has a child's understanding of business. Grow up.

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Ylpertnodi 4 hours ago | parent [-]

> All consuming vague regulations like GDPR increase the cost of a startup by 500%.

Source?

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omnimus 3 hours ago | parent [-]

I would say it's a lot more than 500%. If your business is based on doing things that are illegal under GDPR then the cost of doing that startup is close to infinite. But that's kinda the point of GDPR.

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Telaneo 3 hours ago | parent [-]

This. Sure, it's X% more difficult to do Y in Europe, because Europe doesn't want you to do Y, either at all, or unless you clean up after yourself so the costs aren't just eaten up by the environment or whatever, or unless you do it without causing harm. That's not a problem. That's the system working as intended.

Sure, Europe doesn't have it's own Microsoft, probably because of regulations like this, but I don't want Europe to have its own Microsoft, because Microsoft, for the most part, sucks.

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aerhardt 2 hours ago | parent [-]

> That's not a problem. That's the system working as intended.

You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"?

Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen?

	▲	Telaneo 2 hours ago \| parent \| next [-]
		> You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"? For values of, yes. Things obviously aren't perfect, but I at-least generally prefer them over their proposed alternatives. I find they have made things better. > Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen? From the article: > Under intense pressure from industry and the US government, I think that says what needs to be said. And my opinion is that they shouldn't yield to US government and industry interests, since they clearly aren't the same as European interests.
	▲	omnimus 2 hours ago \| parent \| prev [-]
		I think what they mean is that what EU in general kinda knows that for various they won't be able to make their version of money machine big tech. So why not to try different path? The individual laws will always be flawed because there is huge pressure to make them flawed by corps and lobby that want's to exploit them. But if you ask anyone in europe on the street they have no sympathy for big tech. If anything they want stronger GDPR and more of it.