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dandellion

"Google Bard won't even bother to try and comply with consumer privacy protections"

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“Upside of complying with EU regulations not worth cost and risk”

"No apparent way to recapture the value EU regulations generate for the users."

You think privacy has no value?

"Complying costs are >0, hence incompatible with late-stage capitalism tenets"

You really think Google doesn’t spend a single penny on compliance anywhere?

I can understand hating Google and hating our current mode of capitalism, but it’s a little hard to understand making such an obviously false claim. Do you believe what you said? Or is it just edgelordism?

From the EU I say bye bye then. Nothing of value is lost, at least for me. Tired of being the product, and tired of not knowing where my data goes and to who.

Then it looks like everyone is happy on both sides, right? This is good news.

Big win for those who care about privacy over all else.

Privacy is like insurance. A little downside for everyday so you don't lose everything if luck turns on you.

Lack of economic growth compounds over the centuries toward remarkable differences between prosperous and miserable countries.

Are you also making the claim that the EU lags behind the US in growth?

Otherwise that seems like a non-sequitur.

If you are, it seems that US's advantage [2] is just sheer number of people since the growth/capita is the same [1].

[1]: https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locat... [2]: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...

If that's the case, in Europe we've been compounding growth for many centuries before the US even existed, we must be far ahead of you.

Yes, I wouldn't want to live in the US either.

You should see how many European banks don't bother to comply with basic financial corruption protections and just block US citizens from having accounts

Well, my bank complies with local corruption and money laundering protections as mandated by law. I have to spend time getting an interview every few years to get a risk score. They and most of the other banks just send US citizens to their competitors instead of spending money to comply with US regulations too. It seems that there are not enough US customers around here.

>Well, my bank complies with local corruption and money laundering protections as mandated by law

My Google complies with local data protections and regulations as mandated by law.

>It seems that there are not enough US customers around here.

So you're telling me it's okay not to comply with a regulation because the market doesn't justify it and not because you're cartoonishly evil? Interesting. I wonder if we could apply that principle to other circumstances.

Not complying with regulations of other countries you don't operate in is normal, or am I wrong?

It’s not just US citizens, but anyone who holds a green card or H1 visa. Even a Swiss can be blocked from getting a Swiss bank account.

> You should see how many European banks don't bother to comply with basic financial corruption protections and just block US citizens from having accounts

You should see how many European banks don't bother to comply with the US law in Europe, and just block US citizens in Europe from having accounts in Europe.

FTFY

Now, please explain why do you think that the US should expose their regulations to foreign banks operating in foreign countries?

>Now, please explain why do you think that the US should expose their regulations to foreign banks operating in foreign countries?

You're so close to getting it.

Rhetorical questions have retortical answers

Because those foreign banks want access to USD. Don't want to comply with US regulations? Just don't use USD.

Can you guys trade Euro and other foreign currencies in US banks?

I don't know. Never had to. Why do you ask?

For this unaware, see this article: https://www.wsj.com/articles/the-land-of-the-free-wont-leave... (mirror: https://archive.is/XbbJS)

You seem to imply EU regulators do not require european banks to "comply with basic financial corruption protections". Any source to that?

What comes to european banks not wanting to do anything with US related entities, my understanding is that the primary reason is the non-trivial amount of red tape and legal risks associated with US entities weighted against relatively small amoumt of pontential customers.

>my understanding is that the primary reason is the non-trivial amount of red tape and legal risks associated with US entities

That's also the reason why some corporations don't bother with GPDR!

> non-trivial amount of red tape and legal risks

It seems you are also describing GDPR

Or perhaps just: "we need some time to setup things so that we can comply and we don't want to block a global rollout to countries that don't bother creating laws that protect their citizens"

Bard is not being "blocked" (more like, hasn't been released) only in the EU and nothing says it is past beta stage anyway, but that being said it can be a case of: "American companies trying to comply with regulation in the most spiteful way possible"