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It depends on how you define success; the EU has certainly managed to achieve a great deal of standardization and compliance, at the cost of rate of progress an
by nickff 2y ago
It depends on how you define success; the EU has certainly managed to achieve a great deal of standardization and compliance, at the cost of rate of progress and business model innovation. You might think this is a worthwhile trade off, but people differ in their priorities.
- shakna 2y agoFewer deaths, higher quality of life, more job security. Seems like for the average person, the trade off is well worth it.
- _aavaa_ 2y ago> business model innovation The OpenAI grift, the Facebook & Google stalking advertising, the Uber “independent contractors”, and the Amazon two-for of workers pissing in bottles and squeezing your suppliers so prices rise everywhere. Yes, what a loss for the EU.
- realusername 2y agoCitations needed. The DSA never applied to a single EU company and GDPR is the bare minimum on user privacy. And by the time the EU attempted any of those, we already had the duopoly and the competition was already dead.
- Defletter 2y ago> at the cost of rate of progress and business model innovation That's a pretty massive claim. Do you have any examples of this?
- frollogaston 2y agoTheir entire tech sector compared to the US or China
- Defletter 2y agoGoodness, how specific.
- frollogaston 2y agoIf you want a more specific example, it's the company we're already talking about. There's no EU parallel to Apple, or the other FANG.
- shakna 2y agoSAP, NXP, ASML, Hexagon, Infineon... These are all companies guaranteed to be touching hardware or software, they you use today, and will use tomorrow.
- frollogaston 2y agoBiggest market cap out of those is SAP at $333B, which is less than the least valuable FAANG company Netflix.
- shakna 2y agoWe were talking innovation, not market cap, right? If the software you use today, that the businesses you go to, even in the US, are using it, then there's hardly stagnation, is there?
- frollogaston 2y agoI drink milk every day, but there's no innovation there
- shakna 2y agoYou jest, but milk production in Europe is far more sophisticated than in the US. Innovation has occurred there [0]. There's no stagnation, despite being a heavily regulated industry. There are new products coming to market, the market is growing at a predictable and fairly decent rate. And if you need market cap to understand these areas, both Nestle (France) and Lactalis (Switzerland), outpace the entirety of the US industry. The average person probably thinks that their phone, or websites, show no innovation, despite the rapidly changing underlying technologies. [0] https://www.ahfesproject.com/app/uploads/2022/04/AHFES-A6.2_Dairy-report.pdf https://www.ahfesproject.com/app/uploads/2022/04/AHFES-A6.2_...