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Slow is smooth, smooth is fast. "Fast moving companies", from a Europeans perspective, often comes down to: ignored all the regulation, at least some of which w

Slow is smooth, smooth is fast. "Fast moving companies", from a Europeans perspective, often comes down to: ignored all the regulation, at least some of which was there for a reason. And now look at the mess that was left behind, it'll take decades to clean it up.

cm2012 4y ago
This is why the EU is falling so far behind the US in GDP per capita, when they started out pretty close 30 years ago.
- BiteCode_dev 4y ago
  True but it helps that: - all US states all speak the same language - US got oil - the dollar is the reserve currency The USA has multiple advantages, not just one. Given the potential for wars this day, being surrounded by mostly ocean may also prove very useful as well.
  - mrguyorama 4y ago
    There's also the fact that pretty much every useful technology from WW2 ended up being made by dominant industry in the US, because everyone else was rubble. Silicon Valley was Silicon Valley before FAANG
    - ChuckNorris89 4y ago
      Airbus came much later than Boeing and managed to be a worthy global competitor. US being first was no advantage for them in the end. Europe missed tech not because they were not the first (China also wasn't first), but because they ignored the growth and importance of this sector for decades, and still do.
      - BiteCode_dev 4y ago
        Which makes it even more impressive. But I can tell you as a French, not having any natural resource and an economy mostly based on services in today's world is not making me bet on a bright future for us.
        ChuckNorris89 4y ago
        I saw there's still plenty of manufacturing in France, not just the service industry.
  - mafribe 4y ago
    China had none of those advantages, and overtook the EU already in many high-tech industries. Indeed, Europe had none of those advantages when it rose to Number 1.
    - BiteCode_dev 4y ago
      China has over advantages, like have a sixth of the population in the world, having massive mineral and coal resources and being the factory of Europe and the US. Baring a miracle, my continent has nowhere to go but down. We have no metals, not fossil fuels, massive debts, an expensive lifestyle and few industries that cannot be copied elsewhere. Post covid and the ukraine war, we are in deep, deep trouble. Politically the extremes are rattling more and more, and they may very well win at some point because things are looking bleak.
      - groestl 4y ago
        Of those, only the resources are an inherent problem, and I'm not sure if it's really that bad if you take a continental perspective. I think you need to take a step back, and look at production of goods, technology, and services, not at money flow. In the end, getting rid of debt is just one default away, and that's a political decision. The Chinese exploit their resources and work hard - good thing they invest at home and in their military, because otherwise they might never get something back for their troubles.
- elzbardico 4y ago
  The EU incorporated a lot of countries in the last 30 years, some of them in a pretty bad shape after their transictions from socialism into a market economy. Of course it would decrease GDP per capita. But GDP per capita, and Nominal GDP per capita non adjusted by purchase power parity only tells half the history. Free healthcare, good quality public education, cheaper and or subsidized housing, better worker protections and other good wellfare policies largely make for the nominal GDP difference betweeen the US and most EU countries. Not to mention that a lot of economic activity not directly related to goods in the US like the sue-happy judicial economy, speculative financial services and insurance, and the cartelized highly inneficient healthcare industry are a big portion of the GDP.
  - mafribe 4y ago
    > ncorporated a lot of countries in the last 30 years, some of them Every of those countries was in a better shape than China, when it started the transition to a market economy. > Free healthcare, good quality public education, cheaper and or subsidized housing You do understand that those (highly desirable) goods need to be paid for, and in the past have been paid for by the economic success of the successful EU countries like the Netherlands, etc. But even those have been loosing their competitive edge more and more vis-a-vis China and the US. Loss of access to cheap Russian energy will make this worse. With economic decline those niceties will wither, too ...
  - ur-whale 4y ago
    Here's what a famous british tabloid has to say on the topic: https://archive.is/8aqVH https://archive.is/8aqVH https://news.ycombinator.com/item?id=35591338 https://news.ycombinator.com/item?id=35591338
- panick21_ 4y ago
  France has the same GDP per captia of Alabama, but I know where I rather live.
dentemple 4y ago
There's a middle ground between the two. You can take it slow enough to ensure well-regulated production, but you can still aim to _iterate_ over your designs for a fast-feedback cycle. It's the latter that's really causing SpaceX to run rings around its competitors.
- groestl 4y ago
  > There's a middle ground between the two. I fully agree with that, SpaceX definitely earned the place it occupies right now. I only objected to the view that "fast moving" is a goal in and by itself, and warrants dropping regulation left and right, just for the hell of it. In some way, the EU is a place I like to live in, _because_ it moves slow. I enjoy having all the rights and safety nets as a citizen, and I voluntarily give up opportunity as long as I can keep the former. If a company respects that, it can iterate all day (and many companies do, not only European), but if it doesn't, I don't care for their nice and shiny. IMHO, they're just a prototype. Either a) their business model is based on ignoring regulation, b) they'll adapt eventually, or c) another will come and eat their lunch a few years later.
biomcgary 4y ago
Perhaps I don't understand your comment. What mess has SpaceX made that will take decades to clean up?
- groestl 4y ago
  Sorry, not talking about Space X in that case, more the likes of Uber, Advertising, and Social Media.
boc 4y ago
The irony of using a USMC slogan and acting like Europeans invented that mindset… The USMC has another famous slogan: Improvise, adapt, and overcome! I’m not sure many European companies share that mindset.
- groestl 4y ago
  If you encounter US companies that share that mindset fully depends on the bubble you live in. Ever dealt with credit card schemes?

cm2012 4y ago

This is why the EU is falling so far behind the US in GDP per capita, when they started out pretty close 30 years ago.

BiteCode_dev 4y ago
True but it helps that: - all US states all speak the same language - US got oil - the dollar is the reserve currency The USA has multiple advantages, not just one. Given the potential for wars this day, being surrounded by mostly ocean may also prove very useful as well.
- mrguyorama 4y ago
  There's also the fact that pretty much every useful technology from WW2 ended up being made by dominant industry in the US, because everyone else was rubble. Silicon Valley was Silicon Valley before FAANG
  - ChuckNorris89 4y ago
    Airbus came much later than Boeing and managed to be a worthy global competitor. US being first was no advantage for them in the end. Europe missed tech not because they were not the first (China also wasn't first), but because they ignored the growth and importance of this sector for decades, and still do.
    - BiteCode_dev 4y ago
      Which makes it even more impressive. But I can tell you as a French, not having any natural resource and an economy mostly based on services in today's world is not making me bet on a bright future for us.
      - ChuckNorris89 4y ago
        I saw there's still plenty of manufacturing in France, not just the service industry.
- mafribe 4y ago
  China had none of those advantages, and overtook the EU already in many high-tech industries. Indeed, Europe had none of those advantages when it rose to Number 1.
  - BiteCode_dev 4y ago
    China has over advantages, like have a sixth of the population in the world, having massive mineral and coal resources and being the factory of Europe and the US. Baring a miracle, my continent has nowhere to go but down. We have no metals, not fossil fuels, massive debts, an expensive lifestyle and few industries that cannot be copied elsewhere. Post covid and the ukraine war, we are in deep, deep trouble. Politically the extremes are rattling more and more, and they may very well win at some point because things are looking bleak.
    - groestl 4y ago
      Of those, only the resources are an inherent problem, and I'm not sure if it's really that bad if you take a continental perspective. I think you need to take a step back, and look at production of goods, technology, and services, not at money flow. In the end, getting rid of debt is just one default away, and that's a political decision. The Chinese exploit their resources and work hard - good thing they invest at home and in their military, because otherwise they might never get something back for their troubles.
elzbardico 4y ago
The EU incorporated a lot of countries in the last 30 years, some of them in a pretty bad shape after their transictions from socialism into a market economy. Of course it would decrease GDP per capita. But GDP per capita, and Nominal GDP per capita non adjusted by purchase power parity only tells half the history. Free healthcare, good quality public education, cheaper and or subsidized housing, better worker protections and other good wellfare policies largely make for the nominal GDP difference betweeen the US and most EU countries. Not to mention that a lot of economic activity not directly related to goods in the US like the sue-happy judicial economy, speculative financial services and insurance, and the cartelized highly inneficient healthcare industry are a big portion of the GDP.
- mafribe 4y ago
  > ncorporated a lot of countries in the last 30 years, some of them Every of those countries was in a better shape than China, when it started the transition to a market economy. > Free healthcare, good quality public education, cheaper and or subsidized housing You do understand that those (highly desirable) goods need to be paid for, and in the past have been paid for by the economic success of the successful EU countries like the Netherlands, etc. But even those have been loosing their competitive edge more and more vis-a-vis China and the US. Loss of access to cheap Russian energy will make this worse. With economic decline those niceties will wither, too ...
- ur-whale 4y ago
  Here's what a famous british tabloid has to say on the topic: https://archive.is/8aqVH https://archive.is/8aqVH https://news.ycombinator.com/item?id=35591338 https://news.ycombinator.com/item?id=35591338
panick21_ 4y ago
France has the same GDP per captia of Alabama, but I know where I rather live.

dentemple 4y ago

There's a middle ground between the two. You can take it slow enough to ensure well-regulated production, but you can still aim to _iterate_ over your designs for a fast-feedback cycle. It's the latter that's really causing SpaceX to run rings around its competitors.

groestl 4y ago
> There's a middle ground between the two. I fully agree with that, SpaceX definitely earned the place it occupies right now. I only objected to the view that "fast moving" is a goal in and by itself, and warrants dropping regulation left and right, just for the hell of it. In some way, the EU is a place I like to live in, _because_ it moves slow. I enjoy having all the rights and safety nets as a citizen, and I voluntarily give up opportunity as long as I can keep the former. If a company respects that, it can iterate all day (and many companies do, not only European), but if it doesn't, I don't care for their nice and shiny. IMHO, they're just a prototype. Either a) their business model is based on ignoring regulation, b) they'll adapt eventually, or c) another will come and eat their lunch a few years later.

biomcgary 4y ago

Perhaps I don't understand your comment. What mess has SpaceX made that will take decades to clean up?

groestl 4y ago
Sorry, not talking about Space X in that case, more the likes of Uber, Advertising, and Social Media.

boc 4y ago

The irony of using a USMC slogan and acting like Europeans invented that mindset… The USMC has another famous slogan: Improvise, adapt, and overcome! I’m not sure many European companies share that mindset.

groestl 4y ago
If you encounter US companies that share that mindset fully depends on the bubble you live in. Ever dealt with credit card schemes?