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In the EU it just feels like big beaurocracy gets to make all the big decisions about doing things like this and small and medium orgs can't spring up to go aga

by qoez 1y ago

In the EU it just feels like big beaurocracy gets to make all the big decisions about doing things like this and small and medium orgs can't spring up to go against stumbling entities like this because we're taxed out of the wealth needed to do so.

saubeidl 1y ago
[dead]
spiderfarmer 1y ago
I don’t agree with this sentiment. Over the past few years I’ve seen a lot of companies switch to EU based alternatives already because of the data regulations. This is a second wave. And now nobody trusts the US anymore the rest will follow.
- crop_rotation 1y ago
  What switches have you seen. Very curious to know what EU based alternatives are gaining steam.
bilbo0s 1y ago
Not really. There's plenty of wealth in the EU. What they don't have is an appetite for risk. You could lower taxes to zero, but you'd still not get the level of speculative investment in the US without cultivating a much larger appetite for risk. Similar issue exists in places like Japan. Investor classes that are, at the median, more conservative than they are in the US. So in the US we "lose" bigger, but we also "win" bigger. (Of course all of this was pre-Trump. Now, I'm not sure there is enough certainty out there for even the big risk takers. But, historically, we in the US have been more risk-phillic.)
- qoez 1y ago
  I wonder if paradoxically less certainty could lead to more risk taking. If the secure sources of wealth starts becoming shaky looking at other risky options starts feeling less scary (or equally scary/uncertain as the previously stable one). If there's already an easy path to winning on the other hand pre-trump, why take the risky one.
  - bilbo0s 1y ago
    Problem is, in the EU, the secure sources of income are not becoming more shaky looking. At the same time though, in the EU, the risky stuff is becoming a bit less risky looking. The EU is clearly energized to decouple itself from US tech, defense, etc etc. It's probably a good time to look into those kinds of enterprises if you're in the EU. In the US it's different. The secure sources are actually looking more secure. At the extreme you have just parking gargantuan amounts of money in TIPS right? I mean interest rates have gone up to even better compensate that kind of risk free behavior. Meanwhile the risky stuff in the US is a bit more risky due to the uncertainty. Hopefully, Trump's people will convince him of the folly of the approach he's taking currently. If not, yeah, not sure? Uncharted waters really. I don't think anyone really knows what will happen.

by qoez 1y ago

saubeidl 1y ago

[dead]

spiderfarmer 1y ago

I don’t agree with this sentiment. Over the past few years I’ve seen a lot of companies switch to EU based alternatives already because of the data regulations. This is a second wave. And now nobody trusts the US anymore the rest will follow.

crop_rotation 1y ago
What switches have you seen. Very curious to know what EU based alternatives are gaining steam.

bilbo0s 1y ago

Not really. There's plenty of wealth in the EU. What they don't have is an appetite for risk. You could lower taxes to zero, but you'd still not get the level of speculative investment in the US without cultivating a much larger appetite for risk. Similar issue exists in places like Japan. Investor classes that are, at the median, more conservative than they are in the US. So in the US we "lose" bigger, but we also "win" bigger. (Of course all of this was pre-Trump. Now, I'm not sure there is enough certainty out there for even the big risk takers. But, historically, we in the US have been more risk-phillic.)

qoez 1y ago
I wonder if paradoxically less certainty could lead to more risk taking. If the secure sources of wealth starts becoming shaky looking at other risky options starts feeling less scary (or equally scary/uncertain as the previously stable one). If there's already an easy path to winning on the other hand pre-trump, why take the risky one.
- bilbo0s 1y ago
  Problem is, in the EU, the secure sources of income are not becoming more shaky looking. At the same time though, in the EU, the risky stuff is becoming a bit less risky looking. The EU is clearly energized to decouple itself from US tech, defense, etc etc. It's probably a good time to look into those kinds of enterprises if you're in the EU. In the US it's different. The secure sources are actually looking more secure. At the extreme you have just parking gargantuan amounts of money in TIPS right? I mean interest rates have gone up to even better compensate that kind of risk free behavior. Meanwhile the risky stuff in the US is a bit more risky due to the uncertainty. Hopefully, Trump's people will convince him of the folly of the approach he's taking currently. If not, yeah, not sure? Uncharted waters really. I don't think anyone really knows what will happen.