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Yes! Thanks for the links. Is it? I mean before COVID and especially before 2008 EU was thriving and in reality there wasn‘t substantially more or less regulat
by mnewme 2y ago
Yes! Thanks for the links.
Is it? I mean before COVID and especially before 2008 EU was thriving and in reality there wasn‘t substantially more or less regulation back then. (Yes GDPR came, but I highly doubt that this was a major factor).
In my opinion EU countries missed web 2.0 and where way to risk averse and old school to invest in those startups, that is why many founders moved to US. But I don‘t think regulation is the major factor, may be A reason, but I doubt it is THE reason.
I think most of the „bad“ regulation is actually national. EU regulation in many cases makes it easier to make business than the respective national laws. Tax for example is mainly national. Despite some attempts of unification.
- pptr 2y agoOnce you have a technological breakthrough that requires lots of exploration to figure out which products will succeed, regulation is a competitive disadvantage. For established industries regulation just increases prices. ... Until a new technology comes up that allows new competitors to enter the market. Like Tesla, SpaceX.
- mnewme 2y agoHmm both SpaceX and Tesla are heavily subsidised by the government Funnily enough many of the basic breakthroughs in AI were done in Europe, but at universities. Sadly people don‘t invest in Europe in startups as in the US, therefore the companies were formed in the US, even tough research is done here.