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ITIF, a US think tank, discourages Brazil from "rushing into DMA-like regulation" (itif.org)
submitted 8 months ago by to c/boycottus@lemmy.ca
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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.

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[–] 1 point 8 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 .

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