After Hours
Big Tech vs. the EU, and Why Is College So Expensive?
Apr 17, 2019
Debate over EU regulating Big Tech effectiveness. Soaring college costs in the U.S. Music, comedy, and haircut recommendations shared by hosts. Exploring reasons for high tuition fees and challenges for low-income studen
37:06
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Quick takeaways
- European Union's approach to regulating Big Tech focuses on privacy, competition, and fairness, inadvertently strengthening tech giants in Europe.
- Rising college tuition costs driven by amenities race among institutions, posing challenges for equitable solutions and financial sustainability.
Deep dives
Regulation of Large Internet Companies in Europe vs. the United States
In Europe, the approach to regulating large tech companies focuses on three core principles: protecting individual privacy, preventing firms from locking out competition, and maintaining a fair degree of competition without treating giants like utilities. The implementation of GDPR aimed at privacy protection has inadvertently strengthened the market dominance of tech giants like Google, Facebook, and Amazon in Europe, leading to increased market share for these companies.
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