Brazil Should Avoid Rushing Into DMA-Style Regulation
itif.org
A bill proposing ex ante regulation of digital markets in Brazil would harm efficiency and innovation. Given the significance of this bill, the Brazilian legislature should not proceed with a motion to bypass typical civil procedures and debate.

cross-posted from: https://lemmy.world/post/43489045

The spread of fast-follower regulations modeled after the EU’s Digital Markets Act (DMA) and the United Kingdom’s Digital Markets, Competition, and Consumers Act (DMCC) reinforces the “Brussels Effect,” which ITIF has argued constitutes a form of digital imperialism that hinders innovation in the Global South.

  • queerstudbroalex@piefed.caEnglish
    2·
    2 months ago

    Given this info in their About:

    As technological innovation transforms economies and societies, policymakers often lack the specialized knowledge to objectively analyze and respond to fast-moving issues and circumstances—particularly when the innovation disrupts incumbents or sparks fears and organized pressure limits progress or change. What should policymakers do to spur innovation, overcome challenges, and avoid potential pitfalls? The Information Technology and Innovation Foundation (ITIF) exists to provide answers and point the way forward.

    Founded in 2006, ITIF is an independent 501©(3) nonprofit , nonpartisan research and educational institute that has been recognized repeatedly as the world’s leading think tank for science and technology policy. Its supporters include corporations, charitable foundations , and individual contributors, and it has repeatedly earned a seal of transparency from Candid and three stars from Charity Navigator.

    I agree.

    • queerstudbroalex@piefed.caEnglish
      1·
      2 months ago

      From the first principles:

      We have a considered faith in markets and businesses of all sizes. ITIF believes innovation and economic growth is usually maximized when for-profit businesses, including large corporations, are allowed to compete with relatively few restrictions .