3 ms·

Does it really matter for as long as the US has the economical power to import talent (and purchase innovation) as needed not only from Europe but the whole wor

Does it really matter for as long as the US has the economical power to import talent (and purchase innovation) as needed not only from Europe but the whole world?

jmeister 6y ago
The subtext for this article is the general pessimism about post-Brexit Europe these days: https://www.theguardian.com/politics/2021/feb/28/i-hate-to-say-it-but-britains-doing-ok-even-germany-envies-us https://www.theguardian.com/politics/2021/feb/28/i-hate-to-s... https://johnhcochrane.blogspot.com/2021/03/the-puzzle-of-europe.html https://johnhcochrane.blogspot.com/2021/03/the-puzzle-of-eur...
- toyg 6y ago
  How can I take seriously a piece that opens comparing China and Italy? It’s like comparing the US with San Marino, or Russia with Minnesota. It’s not 1955 anymore, it’s time to compare (continental superpower) apples to (continental superpower) apples.
  - irrational 6y ago
    It’s not clear to me why you are being downvoted. Maybe HN Italians are longing for the glory days of the Roman Empire? Make Rome Great Again.
vmception 6y ago
Well the first country in Europe on that list was Switzerland with 3rd place. It is a steep bell curve from there, but Switzerland is an order of magnitude more competitive than the neighboring countries and they already do import talent, more easily from Europe but also the whole world. I don't know man, its not an ego thing. The structure of Switzerland makes it easy to do business. If you think of it like a tiny-USA except with a tiny-Federal government and even tinier states (cantons), all surrounded by the European Union maybe it makes sense, or maybe everyone would still lack context for what ways that comparison would hold. Switzerland is more like a conglomerate with each component all using the same unquestionable brand with the name "Switzerland", and the board stays out of how the conglomerate's units do anything. So for regulations - or making/finding favorable regulations - you really have something like 26 unquestionable Switzerlands without really ever needing to worry about a federal government's overarching restrictions. These 26 cantons also have very tiny populations, so the regulator could just be there waiting to be noticed and will gladly do something competitive for you. Switzerland has competence combined with a collaborative non-adversarial relationship between the government and people. That combination doesn't really exist elsewhere, you might have competence in Germany or competence in Cayman Islands, but it will be adversarial. You might have a lack of competence in an individual United State or federal agency, and you will have an adversarial relationship where you are mostly trying not to be noticed.
- deleted 6y ago
  [deleted]
WhyNotHugo 6y ago
I think this has been a thing for decades. The US focuses on economical power above all, so can always afford to import talent. They have far more spending power than countries which spend their resources, for example, feeding people, providing healthcare, etc.
rapsey 6y ago
That economical power can be gone in an instant if the US dollar ceases to be the worlds reserve currency. An economic crisis could thus literally bring the US to it's knees. Without the dollar being overvalued as it is, the US ceases to function as an economy.
- EdwinLarkin 6y ago
  I keep hearing this all the time and it never happens. The US is also recovering much faster from this pandemic than the EU.
  - rapsey 6y ago
    Because changing the worlds reserve currency is at most a once in a century event. Just because people are warning that it can happen, or that it is headed that way does not mean it will happen tomorrow. The US has exorbitant privilege in the world stage. It got this privilege by it's economic strength and military. Now it is slowly hollowing it out.

Does it really matter for as long as the US has the economical power to import talent (and purchase innovation) as needed not only from Europe but the whole world?

jmeister 6y ago

The subtext for this article is the general pessimism about post-Brexit Europe these days: https://www.theguardian.com/politics/2021/feb/28/i-hate-to-say-it-but-britains-doing-ok-even-germany-envies-us https://www.theguardian.com/politics/2021/feb/28/i-hate-to-s... https://johnhcochrane.blogspot.com/2021/03/the-puzzle-of-europe.html https://johnhcochrane.blogspot.com/2021/03/the-puzzle-of-eur...

toyg 6y ago
How can I take seriously a piece that opens comparing China and Italy? It’s like comparing the US with San Marino, or Russia with Minnesota. It’s not 1955 anymore, it’s time to compare (continental superpower) apples to (continental superpower) apples.
- irrational 6y ago
  It’s not clear to me why you are being downvoted. Maybe HN Italians are longing for the glory days of the Roman Empire? Make Rome Great Again.

vmception 6y ago

Well the first country in Europe on that list was Switzerland with 3rd place. It is a steep bell curve from there, but Switzerland is an order of magnitude more competitive than the neighboring countries and they already do import talent, more easily from Europe but also the whole world. I don't know man, its not an ego thing. The structure of Switzerland makes it easy to do business. If you think of it like a tiny-USA except with a tiny-Federal government and even tinier states (cantons), all surrounded by the European Union maybe it makes sense, or maybe everyone would still lack context for what ways that comparison would hold. Switzerland is more like a conglomerate with each component all using the same unquestionable brand with the name "Switzerland", and the board stays out of how the conglomerate's units do anything. So for regulations - or making/finding favorable regulations - you really have something like 26 unquestionable Switzerlands without really ever needing to worry about a federal government's overarching restrictions. These 26 cantons also have very tiny populations, so the regulator could just be there waiting to be noticed and will gladly do something competitive for you. Switzerland has competence combined with a collaborative non-adversarial relationship between the government and people. That combination doesn't really exist elsewhere, you might have competence in Germany or competence in Cayman Islands, but it will be adversarial. You might have a lack of competence in an individual United State or federal agency, and you will have an adversarial relationship where you are mostly trying not to be noticed.

deleted 6y ago
[deleted]

WhyNotHugo 6y ago

I think this has been a thing for decades. The US focuses on economical power above all, so can always afford to import talent. They have far more spending power than countries which spend their resources, for example, feeding people, providing healthcare, etc.

rapsey 6y ago

That economical power can be gone in an instant if the US dollar ceases to be the worlds reserve currency. An economic crisis could thus literally bring the US to it's knees. Without the dollar being overvalued as it is, the US ceases to function as an economy.

EdwinLarkin 6y ago
I keep hearing this all the time and it never happens. The US is also recovering much faster from this pandemic than the EU.
- rapsey 6y ago
  Because changing the worlds reserve currency is at most a once in a century event. Just because people are warning that it can happen, or that it is headed that way does not mean it will happen tomorrow. The US has exorbitant privilege in the world stage. It got this privilege by it's economic strength and military. Now it is slowly hollowing it out.