To me the whole regulation frenzy looks not as much as locking out US-based companies, but rather limiting power of software industry and community in general in favour of old industries and bureaucrats.
This. But it's the same with everything in Europe - sky-high income tax and VAT, but zero to little inheritance tax, property tax, land value tax, capital gains tax, etc.
Like the idea is to punish workers (skilled and unskilled) and keep the power and wealth in the hands of the aristocrats.
