Sir, I would suggest that if Europe fails to be economically competitive, the downstream implications on European society will produce much worse outcomes than (for instance) data transparency…

Doing things with ethical intentions does not necessarily produce outcomes that are beneficial for society at large.

I'm inclined to agree with you, but you could make the same argument for exploiting natural resources and the environment. I don't think it's being done right at the moment, and it does not seem to be benefiting people as much as certain companies.

Well, is this mad dash for AI producing "outcomes that are beneficial for society at large" yet? So far it looks like its mostly producing a ton of negative externalities and wealth transfer to corrupt elites.

Also, no, abandoning ethics is not an option, what a ridiculous suggestion.