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The cultures across Europe are anti growth and anti speculation That facilitate it for other people, but not enough interest culture wide It’s kind of interes

The cultures across Europe are anti growth and anti speculation That facilitate it for other people, but not enough interest culture wide It’s kind of interesting “why don’t we just make the same amount quarter after quarter” like, wow who knew you could do that? But speculation drives innovation. Permission to fail results in faster selective pressures.

simonask 2y ago
Perhaps you mean "investment" rather than "speculation"? All mainstream European politicians are in favor of more growth, more investment, more industry, more jobs, and so on, across the continent. The parties who are about "de-growth" are marginal, even as the climate crisis is on full steam. The actual problem is lack of pro-risk capital. Almost all of Europe's capital is concentrated in 1) conservative industry giants, and 2) huge conservative pension funds. Basically all capital in Europe, public as well as private, is risk averse. There are very few actual "VC"s. I'm not sure that's unambiguously a bad thing, but it is the difference.
- yieldcrv 2y ago
  No I didn’t mean investment, I meant speculation. Because I was talking about individuals and risk capital. We are talking about the same things. Speculation drives innovation
  - simonask 2y ago
    Are you saying that people innovate because they want to attract investment? Perhaps. Most of the time I’ve seen people innovate because they had the combination of passion and time to focus on doing something useful.
redrove 2y ago
Well, I'm of the opinion that one of the other blockers of major EU growth is the lack of a singular financial market; instead of one market like the USA, we have 27 markets. Twenty seven different sets regulations that all need to go out the window; exchanges in the double digits, most of which should shut down. This balkanization will never lead to a growth-oriented modern financial system. Europe needs to centralize capital.

simonask 2y ago

Perhaps you mean "investment" rather than "speculation"? All mainstream European politicians are in favor of more growth, more investment, more industry, more jobs, and so on, across the continent. The parties who are about "de-growth" are marginal, even as the climate crisis is on full steam. The actual problem is lack of pro-risk capital. Almost all of Europe's capital is concentrated in 1) conservative industry giants, and 2) huge conservative pension funds. Basically all capital in Europe, public as well as private, is risk averse. There are very few actual "VC"s. I'm not sure that's unambiguously a bad thing, but it is the difference.

yieldcrv 2y ago
No I didn’t mean investment, I meant speculation. Because I was talking about individuals and risk capital. We are talking about the same things. Speculation drives innovation
- simonask 2y ago
  Are you saying that people innovate because they want to attract investment? Perhaps. Most of the time I’ve seen people innovate because they had the combination of passion and time to focus on doing something useful.

redrove 2y ago

Well, I'm of the opinion that one of the other blockers of major EU growth is the lack of a singular financial market; instead of one market like the USA, we have 27 markets. Twenty seven different sets regulations that all need to go out the window; exchanges in the double digits, most of which should shut down. This balkanization will never lead to a growth-oriented modern financial system. Europe needs to centralize capital.