3 ms·
> This article has highlighted the stark differences between the US and Europe, and why innovating in the US is a way for an individual to reduce their risks an
by didibus 4y ago
> This article has highlighted the stark differences between the US and Europe, and why innovating in the US is a way for an individual to reduce their risks and improve their outlook. Meanwhile in Europe, a non-innovative job offers the best expectation value. Plus there are our old fashioned expectations of well costed innovation plans where we know up front how we’re going to make money
Maybe innovation isn't all that great afterall?
Societally, you'd expect innovation to deliver better quality of life to all it's people.
In that sense, I'm not sure it's fair to say that Facebook is the kind of innovation society needed.
If the EU can in fact provide better quality of life with less effort and less need for risk taking, to the people of Europe, I'm not sure why you'd want to change the system?
That's a big "if" though. But I think that dimension needs to be addressed as well.
I don't know that Facebook or Uber really brought major innovation from an impact point of view. Lots of "innovation" in the US is more about market entry or taking over a market. It's not always delivering true life improvements, but innovating on ways for shareholders to capture more money.
Meanwhile, BioNTech, which delivered the COVID vaccine, is a European company.
I'm not saying EU is better than US, but I think we need to go a bit deeper in this analysis, define what we mean by "innovation", what inherent benefits does it have, are there different kinds of innovation, and are all kinds desirable?