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What it looks like is putting far more regulation in place surrounding hiring and employee protections. Layoffs have not hit Europe to the same extent largely b

What it looks like is putting far more regulation in place surrounding hiring and employee protections. Layoffs have not hit Europe to the same extent largely because it's slower and more cumbersome to hire and fire, so employers are naturally more cautious. In the US you can hire and fire at will, so why be cautious? If companies were required to give 2 months notice like they are in many EU countries you bet your ass they'd be more cautious. Like often enough, the problem is not capitalism per se, but rather the completely unregulated American variant of capitalism.

roenxi 4y ago
The EU tech sector has been repeatedly reamed out by US and Chinese companies. They aren't a model to copy; something went badly wrong in Europe over the last few decades. Possibly they are too slow to hire when an opportunity presents. I went to have a look at what powerful and inspiring tech companies the Europeans have managed to put together [0] - they've got ASML (decent effort) and SAP (wouldn't want to hang my hat on that). FAANG, TSMC and the AI revolution are not things that the Europeans have the capability to organise. They even had phones taken off them because they just couldn't make progress happen. [0] https://companiesmarketcap.com/tech/largest-tech-companies-by-market-cap/ https://companiesmarketcap.com/tech/largest-tech-companies-b...
- flangola7 4y ago
  Market cap of tech companies is a very poor metric to measure how good a civilization is or how enjoyable it would be to live in. I'm sure if we removed medical ethics requirements on human experimentation we could rapidly invent powerful new drugs like never before, but we don't because technological progress and economical growth are only two measures of a culture out of many.
danaris 4y ago
I dare say it also looks like antitrust with teeth, abandoning the morally and intellectually bankrupt Chicago school approach (basically, "antitrust only needs to consider harm in the form of increased prices to the consumer"), and reversing the burden of proof on mergers (at least over a certain size), so that instead of having to prove harm to block them, the companies have to prove a genuine benefit in order to merge. Now, granted, growth in the size of a company is only one form of growth, and this wouldn't be sufficient to stop the "ever-increasing growth at all costs" mindset that's infected our corporate culture, but it is a necessary step.

roenxi 4y ago

The EU tech sector has been repeatedly reamed out by US and Chinese companies. They aren't a model to copy; something went badly wrong in Europe over the last few decades. Possibly they are too slow to hire when an opportunity presents. I went to have a look at what powerful and inspiring tech companies the Europeans have managed to put together [0] - they've got ASML (decent effort) and SAP (wouldn't want to hang my hat on that). FAANG, TSMC and the AI revolution are not things that the Europeans have the capability to organise. They even had phones taken off them because they just couldn't make progress happen. [0] https://companiesmarketcap.com/tech/largest-tech-companies-by-market-cap/ https://companiesmarketcap.com/tech/largest-tech-companies-b...

flangola7 4y ago
Market cap of tech companies is a very poor metric to measure how good a civilization is or how enjoyable it would be to live in. I'm sure if we removed medical ethics requirements on human experimentation we could rapidly invent powerful new drugs like never before, but we don't because technological progress and economical growth are only two measures of a culture out of many.

danaris 4y ago

I dare say it also looks like antitrust with teeth, abandoning the morally and intellectually bankrupt Chicago school approach (basically, "antitrust only needs to consider harm in the form of increased prices to the consumer"), and reversing the burden of proof on mergers (at least over a certain size), so that instead of having to prove harm to block them, the companies have to prove a genuine benefit in order to merge. Now, granted, growth in the size of a company is only one form of growth, and this wouldn't be sufficient to stop the "ever-increasing growth at all costs" mindset that's infected our corporate culture, but it is a necessary step.