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It is called the Brussels Effect[0] Put simply, given how large the EU market is, and how strong its regulation is, it is cheaper for companies to comply, even
by dimtion 3y ago
It is called the Brussels Effect[0]
Put simply, given how large the EU market is, and how strong its regulation is, it is cheaper for companies to comply, even outside of the market.
[0]: https://en.wikipedia.org/wiki/Brussels_effect https://en.wikipedia.org/wiki/Brussels_effect
- SkiFire13 3y agoThis explains why they comply to the EU regulations even in the USA, but not why they don't try to lobby more in the EU to avoid those regulations in the first place.
- deafpolygon 3y agoOne reason is that there are more hands in the cookie jar in the EU. Less so in the US.