Germany must go from being a laggard to being

[bhasan01854]

Bitkom has summarized what such smart regulation of digital platforms could look like in 10 steps and has now published it. Among other things, an innovation check or greater involvement of digital experts is necessary in the legislation. It is also necessary to look at platforms in a more differentiated way, as they have a wide range of different business models and are active in very different markets.

"The fundamental principle of treating like things alike and unlike things unequally also applies in the platform economy," the paper states. Continuous market monitoring is important, as regulation should not be an end in itself, but should only cash app database be considered in the event of a specific market failure. And then every possible regulatory instrument must be examined to see whether it achieves the desired goal or whether alternative measures are more suitable.

Inappropriate regulation can, on the one hand, be ineffective in its target area, and on the other hand, have unintended consequences. Too rarely is it taken into account that successful platforms in particular are under strong competitive pressure. "Regulation is part of traditional German and European economic policy, smart regulation is part of the digital world. This regulation must support the competitiveness and market entry of German and European platform providers," says Berg.