Here's the thing:
Fines are a fast and easy political win against these "evil foreign tech giants". Just like rent seeking.<p>Bootstrapping an ecosystem capable of spawning and growing global market leaders is hard. And it would require some very unpopular measures.<p>- Weak/Non-Existent non-compete<p>- Make it easier to hire and fire employees<p>- Competitive approach to retaining talent<p>- Lower tax rate for tech companies instead of endless government grants/subsidies<p>The last one in particular is critical. In some EU countries, you can already justify your 5th employee's complete salary having a dedicated "accountant" whose only job is to apply for government grants.