@pettter@umu.se @j2bryson @drdelle Great conversation! I always thought Europe's regulations essentially kill the possibility of local small businesses thriving in any data intensive industry, because only big American giants can handle the bureaucracy, red tape and lawsuits.
Further, the American giants are the only organizations advanced enough to be able to offer instant gratification for users in exchange for their data. Small companies can't do that, and as a result get denied access to any meaningful data to evolve competitive AIs or digital products in general.
What Joanna is saying is simply admitting this status quo, meaning that Europe made itself a vassal to the Americans through bureaucracy. A gigantic self-own.
Europe has BTW given rise to majority of the open source technologies that Americans have successfully monetized. The anti-capitalist sentiment of early Mastodon users will lead to either the feared embrace-extend-extinguish by an American giant, or it becoming irrelevant niche network.
There's a better way, though. We could create a vibrant ecosystem of small companies that enforce the openness of the ecosystem to a point that it is impossible for a single entity to take over. The companies should be allowed to monetize to fund innovations so that no large company can outrun them with money.