New Delhi [India], March 19 (ANI): The ex-European Parliament member Marietje Schaake On Wednesday advocated for a more sophisticated strategy regarding regulation in the European Union.
Sh Schaake, who serves as the International Policy Director at the Cyber Policy Center at Stanford University, admitted during her speech at the Raisina Dialogue 2025 that de regulation And streamlining regulations are essential for enhancing competitiveness, however, she contended that certain regulation It is crucial to bridge the gaps among member states and facilitate smoother access to funds for business owners.
There’s significant emphasis currently on the necessity to eliminate regulations and reduce bureaucratic hurdles. However, the core issue is that achieving simpler access to funding for business owners requires regulation to address discrepancies among the 27 member states. It seems we’ve arrived at a juncture where simplistic statements fail to capture this complexity. Therefore, I urge everyone to delve deeper by posing far more probing questions regarding these matters. innovation for what' and ' regulation for what'," she said.
Within the framework of the EU's regulatory landscape, Schaake’s remarks underscore the difficulties involved in striking a balance innovation with regulation The European Union has been making significant efforts to oversee technology firms through measures such as the General Data Protection Regulation (GDPR) and plans for a Digital Services Act.
Schaake’s comment highlighted the significance of deliberate consideration. regulation that promotes innovation While safeguarding individuals' freedoms. As the EU further develops its legislative landscape, Schaake’s urging for thoughtful analysis and rigorous scrutiny remains pertinent and important.
During the session focused on the topic, "The Big Picture: The World in 50 Minutes," Marietje Schaake Was not empathetic towards U.S. technology firms, thinking they possess excessive liberty to function without being subject to democratic oversight.
"We shouldn’t pity American technology firms either. In my opinion, they possess an excessive amount of freedom to act independently, allowing them to govern numerous aspects of our lives through their decisions. However, this occurs without obtaining a democratic mandate or being subject to democratic oversight," she stated.
" America Tech companies currently hold more power and face less regulation compared to recent decades. When I hear that the Trump administration plans to adopt a deregulatory approach towards these firms, it doesn’t come as much of a surprise. regulation , what I miss in the discussion, where there's often a false dichotomy between innovation and regulation , is the query '?' innovation for what' and ' regulation for what'."
In her comments, she pointed out that a "mutually beneficial partnership" is developing in the U.S. between Tech We are witnessing a refrain emerging from the United States, emanating equally from Silicon Valley and Washington, which seems to be fostering an interdependent dynamic where it has become difficult to determine who is influencing whom.
Talking about where the paths lead innovation will take the lead, according to Schaake, "The notion that innovation The notion that the ultimate objective of a society or government is misguided. Governance involves balancing various duties and considerations... It also entails safeguarding basic freedoms, serving the collective good, and addressing issues related to who ought to manage our informational landscape... This entire concept that innovation is expected to result in the most favorable outcomes without taking into account other necessary considerations and the possible risks involved. innovation The notion is a highly perilous one that I believe could produce repercussions extending from Washington throughout the globe."
She pointed out how it was the AI CEOs, particularly those from technology companies, who cautioned about the advancements AI , which had reached such hazardous levels that they were requesting assistance with regulation .
Less than two years have passed since then, and now we're seeing this push for deregulation. However, many of the comments regarding this issue remain valid. regulation "Regulation can steer us towards various outcomes, but they often turn out quite superficial. The political climate influences our acceptance or rejection of these directions," she stated.
She presented her statements during the Raisina Dialogue, India’s leading forum focused on geopolitical and geoeconomic issues, hosted by the Ministry of External Affairs. This event marked its tenth iteration as it commenced on March 17, concluding today. (ANI)
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