It’s free, every week, in your inbox.
On the surface, things are changing but its not quite that simple.
So far, none of the above updates have even come close to achieving the aims of the EU.
Dans posits this is one reason why there are very few innovative companies in Europe.
The majority of EU regulations have their basis in this system.
So… how does the DMA fit into all of this?
Well, Dans believes the Digital Markets Act is an attempt to find equilibrium between civil and common law.
This is where the concept of gatekeepers appears from.
Yet this is easier said than done.
Lets look at a single instance.
The company is doing all it can to dissuade people from taking advantage of these new regulations.
The businesses are trying to follow the letter of the DMA, not the spirit behind the words.
In some sense, these actions are putting the ball back in the EUs court.
The problem is that historically, as Echikson says, Europe has had trouble enforcing its tech laws.
Already, its beingcopied all over the world.
Some of these are in preliminary stages, others are getting close to passing.
To me, this might be the most important aspect of ensuring broad compliance.
But will the DMA achieve what it set out to?
The experts from CEPA were united behind the thought that its simply too early to tell.
Unfortunately, there is one certainty: its going to take time.
Instead, itll involve a series of huge court cases thatll take years to conclude.
The upside of the DMA is we may get a fairer and more equitable tech sector.
The downside if the regulations fail is that things will stay roughly the same.
