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> all the EU has is power. Apple provides value Let me give you one example of some EU provided value: "ASML is the only company in the world that makes a spe

by hu3 3y ago

> all the EU has is power. Apple provides value Let me give you one example of some EU provided value: "ASML is the only company in the world that makes a specific machine needed to make the most advanced chips. Apple couldn’t make iPhone chips without this one machine from the Netherlands’ biggest company. ASML doesn’t just shape the Dutch economy — it shapes the entire world economy." source: https://www.theverge.com/23578430/chip-war-chris-miller-asml-intel-apple-samsung-us-china-decoder https://www.theverge.com/23578430/chip-war-chris-miller-asml... Apple could cease to exist today and the world wouldn't lose much except some overpriced gadgets. Couldn't say the same for ASML. And that's just one example.

xvector 3y ago
ASML licenses its fab tech from the US. Regardless, the point is that the EU has zero muscle when it comes to building out consumer-facing software. All it knows how to do is regulate. The EU's answer to AI? To nuke its only successful AI startup, Mistral, with the AI Act [1]. They had to gerrymander an exception in for Mistral. The EU pretends to care about consumer privacy and then introduces Article 45, completely destroying web security and privacy [2] more than Meta/Apple/etc ever could. Fundamentally, the EU does not understand what it is doing. It is a broken clock that is right twice a day. All it has demonstrated is the ability to rent-seek and grift from international tech companies, while enacting protectionist laws that conveniently avoid its own (few) companies. Why isn't Spotify targeted by the DMA? Who knows!? You can say "it doesn't matter, follow our laws!" Okay. But don't be surprised when your TLS communications are being MITM'd by the EU and when companies maliciously comply with these ridiculous laws. The EU can only push things so far, and miss out on so many "industrial revolutions", before it becomes an irrelevant/unprofitable market, impossible to build for. [1]: https://twitter.com/arthurmensch/status/1725076260827566562 https://twitter.com/arthurmensch/status/1725076260827566562 [2]: https://www.eff.org/deeplinks/2023/11/article-45-will-roll-back-web-security-12-years https://www.eff.org/deeplinks/2023/11/article-45-will-roll-b...
robertlagrant 3y ago
> Couldn't say the same for ASML ASML is floated on a small EU stock exchange, and also NASDAQ. NASDAQ is what allows them to scale and become enormous and keep their position, other than IP laws on their techniques. I'm not saying the EU can't produce companies; I'm saying that, in this case, if it were good at it they wouldn't need to float in the US to scale.
graphe 3y ago
A company of the EU gov isn't literally the EU. He could have said America.

by hu3 3y ago

xvector 3y ago

ASML licenses its fab tech from the US. Regardless, the point is that the EU has zero muscle when it comes to building out consumer-facing software. All it knows how to do is regulate. The EU's answer to AI? To nuke its only successful AI startup, Mistral, with the AI Act [1]. They had to gerrymander an exception in for Mistral. The EU pretends to care about consumer privacy and then introduces Article 45, completely destroying web security and privacy [2] more than Meta/Apple/etc ever could. Fundamentally, the EU does not understand what it is doing. It is a broken clock that is right twice a day. All it has demonstrated is the ability to rent-seek and grift from international tech companies, while enacting protectionist laws that conveniently avoid its own (few) companies. Why isn't Spotify targeted by the DMA? Who knows!? You can say "it doesn't matter, follow our laws!" Okay. But don't be surprised when your TLS communications are being MITM'd by the EU and when companies maliciously comply with these ridiculous laws. The EU can only push things so far, and miss out on so many "industrial revolutions", before it becomes an irrelevant/unprofitable market, impossible to build for. [1]: https://twitter.com/arthurmensch/status/1725076260827566562 https://twitter.com/arthurmensch/status/1725076260827566562 [2]: https://www.eff.org/deeplinks/2023/11/article-45-will-roll-back-web-security-12-years https://www.eff.org/deeplinks/2023/11/article-45-will-roll-b...

robertlagrant 3y ago

> Couldn't say the same for ASML ASML is floated on a small EU stock exchange, and also NASDAQ. NASDAQ is what allows them to scale and become enormous and keep their position, other than IP laws on their techniques. I'm not saying the EU can't produce companies; I'm saying that, in this case, if it were good at it they wouldn't need to float in the US to scale.

graphe 3y ago

A company of the EU gov isn't literally the EU. He could have said America.