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Much of Europe sees businesses only as employment programs. They see the economy as managed or run by the state - it's the state that (believes it) drives the e
by creer 3y ago
Much of Europe sees businesses only as employment programs. They see the economy as managed or run by the state - it's the state that (believes it) drives the economy through employment law, tax rates, subsidies, "development programs", etc. Businesses are not there for serving the public, or making money, or advancing technology, or as free enterprise - but convenient as docile employment programs.
And for that purpose it makes sense to prefer giant corporations. It's easier to steer them, talk to them, model them, regulate them (you can talk bureaucrat to bureaucrat), twist their arm, occasionally get services or equipment from them.
And from that point of view, it's useless to try and favor startups: it will be years before just a tiny fraction of these are relevant in number of salaried people.
- rini17 3y agoIsn't it reasonable considering the excesses and inequality of economy ran by private enterprises with scarcely any oversight?
- creer 3y agoIt depends whether your priority is a dynamic, lively, resilient economy which delivers technology advances including healthcare, internet and handheld super-computing. Or if it's levelling things by cutting heads. It's a policy choice, of course. And one set of features doesn't prevent the other of course, but you still can choose priorities and get the corresponding result. For Europe, the priority is overwhelmingly "employment of the masses". Nothing else comes close. And anyway, European corporations are not exactly run by middle income families!
- rini17 3y agoYes that's exactly how the script goes, meanwhile the life expectation in the "dynamic, lively, resilient economy which delivers technology advances including healthcare" goes... down somehow and basically everyone runs on paracetamol if not worse.