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As an American it baffles me that the EU has regulated themselves out of the growth that is occurring almost everywhere else. It's just a difference in cultural
by frockington 8y ago
As an American it baffles me that the EU has regulated themselves out of the growth that is occurring almost everywhere else. It's just a difference in cultural beliefs and preferences
- _o_ 8y agoWell actually this is the whole problem, US is obsessed with growth and I have seen great projects beeing shut down as there was no growth. They had steady flow of few millions of revenue but still were shut down. Development team and whole department could live for years but someone was looking at growth trough toilet paper tube. Same with Facebook, they could have a very decent product without beeing creepy but, again, "we need growth". I could argue that this will destroy the planet and its resources, it works like a cancer, consuming more and more resources untill the organism can no longer stand the pressure. My opinion is that US is using wrong metrics, the EU is still having the old school "... but do we live better" beside the "growth" (less than we had but it is still there). US lost that part and most of people live far worse than in EU (I have tasted your vegetables... not the one that are meant for the rich, the every-grocery-store ones. Yep, someone had growth, but you are eating tastless food).
- TomVDB 8y agoHow much growth can be attributed to something like this? And what's the total impact on overall growth of the economy? It's probably a rounding error, and a pretty reasonable trade-off to make.
- frockington 8y agoConsidering GDP growth is the normal metric for economic health, growth is the economy. And while you can't assign a number for each policy the EU has, the Q1 differences between America and the EU can paint the picture
- TomVDB 8y agoExactly: it’s impossible to quantify such a minor policy in the context of vastly different kinds of economies.