3 ms·
It feels like Europe tries to regulate their way out of their problems, but the instruments of government are too slow compared to the rapid pace of innovation
by jorblumesea 7y ago
It feels like Europe tries to regulate their way out of their problems, but the instruments of government are too slow compared to the rapid pace of innovation in China and the US.
- mrtksn 7y agoBureaucrats don’t make the innovations, you cannot innovate fast by having a “fast” government. Dictatorships are very fast, not necessarily very successful. Regulation don’t really matter that much, the US states operate under the same regulations but you don’t have a silicon valley in every state. What EU can do is to enable scale by having a level playing field and market access but even that won’t do anything about the language barriers, so the more successful innovators in EU are those who have good language education(alongside with good science education).
- zhdc1 7y agoThey can do a good job at cutting down on open corruption though, which is a large part of why EU grants have such a large effort overhead. The EU in large part is trying to bring up the quality of life in eastern/newer member states. Making sure that grant participants from (insert state here) don't steal a large part of the grant award is a very real challenge.