3 ms·

First, many innovations are bought by BigTech. Why are BigTech based in the US and not in the EU? Because the EU has more regulations, and the US famously doesn

by palata 2y ago

First, many innovations are bought by BigTech. Why are BigTech based in the US and not in the EU? Because the EU has more regulations, and the US famously doesn't do antitrust. Now of course, if you are a founder, you'd rather go make more money in the US. Does that mean that the EU culture is inferior? I don't know. Go ask the average European if they would like to live like the average American. Sure, the US have BigTech. But the EU has healthcare. Most Europeans wouldn't be proud to sleep under their desk while Musk does what he does. It's a different culture. If your only metrics is how big the biggest tech company is, then the US wins. If the metrics is how happy the people are... well...

rafaelmn 2y ago
"EU has healthcare" - I dare you to depend on public healthcare in poorer EU countries. As someone living in one of those - you go private for everything because by the time you get on the waiting list it will either be irrelevant or get critical. And lets not mention the shit level of care for non threatening conditions. And this is already spreading to western Europe as well from what I hear from my friends. Giving the aging population situation every health care system is going to start breaking in the next 10-20 years because of how much health care elderly consume and how little they provide to economy. So for now rich countries have better public healthcare than US. But EU is a very wide term, inequality between EU countries is larger than US states. And on the point of why most companies gravitate to US - its to access the richest market and leverage their capital pool - EU is not a single market despite the decades of EU efforts, and EU investment into companies is way behind of US, even EU pension funds invest significant funds in the US stock market.

3 ms·

First, many innovations are bought by BigTech. Why are BigTech based in the US and not in the EU? Because the EU has more regulations, and the US famously doesn

by palata 2y ago

rafaelmn 2y ago
"EU has healthcare" - I dare you to depend on public healthcare in poorer EU countries. As someone living in one of those - you go private for everything because by the time you get on the waiting list it will either be irrelevant or get critical. And lets not mention the shit level of care for non threatening conditions. And this is already spreading to western Europe as well from what I hear from my friends. Giving the aging population situation every health care system is going to start breaking in the next 10-20 years because of how much health care elderly consume and how little they provide to economy. So for now rich countries have better public healthcare than US. But EU is a very wide term, inequality between EU countries is larger than US states. And on the point of why most companies gravitate to US - its to access the richest market and leverage their capital pool - EU is not a single market despite the decades of EU efforts, and EU investment into companies is way behind of US, even EU pension funds invest significant funds in the US stock market.