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The trouble with a relatively "small" country being so dependent from big multinational companies, is that the relationship becomes rapidly lopsided. Enforcing laws and regulations may be delayed and diluted: "regulatory capture", in short.

Max Schrems, the Austrian activist who has become a thorn on the side of Facebook and other digital giants in Europe, even when he was merely a law student, is becomingly increasingly vocal about the actions - or rather, lack thereof - of the Irish Data Protection Commission, who's been dragging their feet on cases against some of the major contributors to the Irish GDP.

Now the Irish Council for Civil Liberties has published a damning report on the DPC, calling it "the bottleneck of GDPR enforcement against Big Tech across the EU.".  They added that other countries DPC's have brought more cases with a lower budget.

by Bernard on Tue Sep 14th, 2021 at 08:52:44 PM EST
Ireland might want to take a hard look at Iceland and the Kreppa.
by rifek on Thu Sep 16th, 2021 at 07:24:49 PM EST
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Already been there in the Great Financial Crisis and its aftermath. There is an acute awareness of our economic dependency on global corporations and the risks that global corporate tax reform poses to our current economic model. It's very hard to legislate for increased innovation and entrepreneurship, and so the political system is struggling to come up with alternate sources of growth and job creation.

The pandemic hasn't helped, as its primary economic victims are likely to be smaller independent grocers, pubs, restaurants and hotels etc. rather than the big multinational chains.

Amazon is currently setting up a big distribution centre near me, largely to circumvent Brexit. But it will probably also devastate the smaller retailing sector. With Irish retail prices 38% above the EU average, it's hard to argue that more competition isn't necessary. The trouble is that nobody else has Amazon's scale and on-line market dominance at the moment.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Sep 17th, 2021 at 07:07:24 PM EST
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If Ireland enforces EU regulations on the Bezos Plague, especially workplace and employee regs, the profit margin will dwindle, and the Plague Rat will run whining back to the late-stage crapitalist pit that is the US.
by rifek on Sat Sep 18th, 2021 at 02:56:16 PM EST
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