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There is little surprise this best ever European investment comes from the edge of the EU, from Romania. A corrupt country with plenty of laws but which are la
by nickpp 6y ago
There is little surprise this best ever European investment comes from the edge of the EU, from Romania.
A corrupt country with plenty of laws but which are laxly applied, it offers enough freedom and opportunity to still allow innovation and creation.
While the old, Western Europe is busy making up rules and barriers against much envied high-tech US successes, in Romania the American dream is still alive. While unions and never ending worker rights suffocate private initiative in the West, in the East meritocracy is still a thing (when not subsumed by corruption).
And while the West sees the Internet as a dangerous medium that must be reined and brought under control, at the edge of the Empire it is still seen as a Wild West, a land of opportunity where anybody can stake his ground and make his money. Sometimes that means scams and malware but sometimes something good may come up.
Because you can't have one without the other - you can't have reward without the risk. The more you try to control, the more you try to pacify, the less success and peaks you have. The more rules and regulations you impose, the less innovation and creation you get.
- justusw 6y agoAnd what exactly are those rules that Western Europe is coming up with?
- blub 6y agoTo give one example: building has become very expensive because of all sorts of regulation, climate-support actions, etc. Taxes are so heavy in Germany, it makes more sense to not work under a certain income limit than have a small side-business if you can afford it.
- alexdumitru 6y agoYou described really well the advantages of Romania's lack of regulation. I think that's also part of the reason we have high quality gigabit internet connections for just 8 euro. Of course, there are also a lot of disadvantages of living here, but it seems like while we're getting closer to Western Europe's standards of living, we also lose the advantages you speak of. And about freedom, I also think you're right. I've travelled a lot and I'm pretty sure we have much more freedoms in Romania compared to the western part of Europe and most of the other developed countries outside Europe. This also comes with its ups and down though.
- Ecstatify 6y agoHaving lived in Romania for several years this is completely untrue and utter nonsense. In any other European country I had the exact same freedom to begin a startup. There is no start up scene in Romania. Why don’t you find Bucharest in the top cities in Europe to start a startup? What laws exactly are stopping Startups from flourishing in other European countries?
- deleted 6y ago[deleted]