5 ms·

As long as the principal idea behind the decision is statecraft (we need this to be onshored) vs lets make a genuinely better chip for customers it'll never wor

As long as the principal idea behind the decision is statecraft (we need this to be onshored) vs lets make a genuinely better chip for customers it'll never work. There's a graveyard of EU decisions like this, having a non American owned AWS type company, etc, etc.

saveduaclick 5y ago
Europe is good at funding 1980s ideas, with stillborn well-connected development teams, using hard-earned tax payer money, with no results expected, just for bureaucratic self-service. Europe is not good at promoting growth on the other hand. Living standards have fallen in the last 20 years.
- bserge 5y ago
  They haven't.
  - saveduaclick 5y ago
    Ask spaniards or italians, I know it well. Regulation and taxes have eaten up all the economic potential.
    - peshooo 5y ago
      Please provide some statistics. Your personal opinion is just that. While I can probably agree that the middle class is not doing great the last decade or so, I'm pretty sure the EU has gotten richer. For example 25 to 31k Euro GDP per capita for 2012-2019 https://en.wikipedia.org/wiki/Economy_of_the_European_Union https://en.wikipedia.org/wiki/Economy_of_the_European_Union
    - lottin 5y ago
      If this is the extent of your economic analysis, it's not very good.
    - imtringued 5y ago
      I see the exact opposite, lack of state intervention has been the biggest problem so far. Fiscal stimulus has become extremely unpopular in the last 10 years. Why is state intervention necessary? Because the private sector is too healthy, it's making profits but it isn't investing. The hornets are hibernating in the summer, you gotta poke the nest. If you cut taxes they are just going to hibernate even deeper. The easiest answer is to just do helicopter money or universal basic income if you want to call it that. The better answer is to let the state invest, except the EU has failed to do so and when it did, each time the money disappeared via corruption, why even bother? So a EU UBI is our last hope.
      - jollybean 5y ago
        Fiscal Stimulus and Strategic Investments are completely different things. " The better answer is to let the state invest" - it's never easy. Or rather, the 'easiest' it can be is when you have money coming out of the ground (or water) i.e. Statoil. Airbus is a commendable success, but in a way, it's more structurally solvable: build planes, much like the other one's but better in some ways, and supply the domestic market. The planes are not that-that hard to build, but it requires investment and very long term planning. With chips ... which tech? Who are the customers? Where is the business going to be in 10 years? Can the EU do things to require/guarantee income for the project? It's for the same reason the EU hasn't invested to create the next FAANG either. That said - I'm surprised they haven't tried with some things like Netflix, AirBnB and Uber, which have tremendous individual and cultural impact and are not necessarily difficult in terms of tech.
    - deleted 5y ago
      [deleted]
- walligatorrr 5y ago
  Then I must have been flying onboard of a bureaucratic self-service. Airbus is a huge success resulting from coordinated European political will, funded by tax payer money in the form of qualified and talented workforce

saveduaclick 5y ago

Europe is good at funding 1980s ideas, with stillborn well-connected development teams, using hard-earned tax payer money, with no results expected, just for bureaucratic self-service. Europe is not good at promoting growth on the other hand. Living standards have fallen in the last 20 years.

bserge 5y ago
They haven't.
- saveduaclick 5y ago
  Ask spaniards or italians, I know it well. Regulation and taxes have eaten up all the economic potential.
  - peshooo 5y ago
    Please provide some statistics. Your personal opinion is just that. While I can probably agree that the middle class is not doing great the last decade or so, I'm pretty sure the EU has gotten richer. For example 25 to 31k Euro GDP per capita for 2012-2019 https://en.wikipedia.org/wiki/Economy_of_the_European_Union https://en.wikipedia.org/wiki/Economy_of_the_European_Union
  - lottin 5y ago
    If this is the extent of your economic analysis, it's not very good.
  - imtringued 5y ago
    I see the exact opposite, lack of state intervention has been the biggest problem so far. Fiscal stimulus has become extremely unpopular in the last 10 years. Why is state intervention necessary? Because the private sector is too healthy, it's making profits but it isn't investing. The hornets are hibernating in the summer, you gotta poke the nest. If you cut taxes they are just going to hibernate even deeper. The easiest answer is to just do helicopter money or universal basic income if you want to call it that. The better answer is to let the state invest, except the EU has failed to do so and when it did, each time the money disappeared via corruption, why even bother? So a EU UBI is our last hope.
    - jollybean 5y ago
      Fiscal Stimulus and Strategic Investments are completely different things. " The better answer is to let the state invest" - it's never easy. Or rather, the 'easiest' it can be is when you have money coming out of the ground (or water) i.e. Statoil. Airbus is a commendable success, but in a way, it's more structurally solvable: build planes, much like the other one's but better in some ways, and supply the domestic market. The planes are not that-that hard to build, but it requires investment and very long term planning. With chips ... which tech? Who are the customers? Where is the business going to be in 10 years? Can the EU do things to require/guarantee income for the project? It's for the same reason the EU hasn't invested to create the next FAANG either. That said - I'm surprised they haven't tried with some things like Netflix, AirBnB and Uber, which have tremendous individual and cultural impact and are not necessarily difficult in terms of tech.
  - deleted 5y ago
    [deleted]
walligatorrr 5y ago
Then I must have been flying onboard of a bureaucratic self-service. Airbus is a huge success resulting from coordinated European political will, funded by tax payer money in the form of qualified and talented workforce