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Capitalism: GDPR as new bureaucrats feeder
  • Law firm DLA Piper says that, since January 28th, 2020, the EU has issued around €158.5 million (around $192 million) in financial penalties. That’s a 39-percent increase on the previous 20-month period Piper examined in its report, published this time last year. And as well as the increased fines, the number of breach notifications has shot up by 19 percent across the same 12-month period.

    Italy, Germany and France are the three countries most willing to sanction companies, and have collectively charged companies €192.8 million ($234 million) since GDPR came into force. The biggest single fine, however, remains the $57 million that France levied against Google for violating data transparency rules. Other blockbuster fines, including the UK’s $123 million penalty for the Marriott data breach, was trimmed down to just $25 million.

    Note that they do nothing to actually stop capitalists from selling and trading data, they actually help them. Instead they made nice big pipe from finance streams to feed from.