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> Do we? For what? Because when the gap gets too large, you get an oligarchy. Like here in the US. And I don't think you want a homegrown Elon Musk to run your
by fzeroracer 2y ago
> Do we? For what?
Because when the gap gets too large, you get an oligarchy. Like here in the US. And I don't think you want a homegrown Elon Musk to run your country.
Also it makes the economy a sham held up by billionaires. I literally cannot start a company here in the US because even my engineering salary is not enough to bootstrap a company without licking VC boots. I'm currently looking to instead get a visa in another country for starting up a business.
- inglor_cz 2y agoOn a global markets, there always will be huge corporations, and nowadays they usually grow huge because they provide some useful or at least highly sought-after services. And their owners are certain to become rich. You can drive them out of your particular tax domicile, but you won't squash them globally, and the result will be that you will be dependent on them anyway. As Europeans, we have to deal with Musk from a position of weakness. European Musk would be easier to control than American one, but hey, we did our best to redirect all the future Musks, European or South African, to the US... "I literally cannot start a company here in the US because even my engineering salary is not enough to bootstrap a company without licking VC boots." You have to realize that a lot depends on your level of ambition. You can start a small local company anytime, tech or non-tech, plenty of people do that every day, but your market reach will be naturally limited to one city or so. But if you want to start a globally relevant technological startup, hey, that was NEVER in the power of a random median engineer. At least you now have options, including those VCs. There aren't any such options in other places.