How the European Union's Tech Policy Threatens Consumers
The European Union is proposing regulations that could impact the digital landscape significantly. The European Commission aims to compel Google to share its search data with competitors, which may lead to unintended consequences for consumers. While the EU's intentions are to foster competition, the approach may undermine the quality of services available to users.
- ▪The European Commission has proposed a regulation for Google to share search data with competitors.
- ▪Henna Virkkunen stated the goal is to promote innovation and fair competitiveness.
- ▪There are concerns that enforced data sharing could harm consumers by lowering service quality.
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The European Union (EU) cannot keep itself from overregulating the digital world. Last month, the European Commission (EC) published a proposal to compel Google Search to share data with competing digital services. “With this public consultation, we want to hear from the market on the most effective ways for Google to share search data with competing online search engine providers, to continue our push for innovation and fair competitiveness,” stated Henna Virkkunen, executive vice-president for tech sovereignty, security, and democracy. The EU seeks simultaneously to benefit consumers and to goose “competition,” but the two aims contradict one another.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at RealClear Markets.
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