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Because Europeans don't take smart risks. Because they over regulate. It's fascinating watching people circle back to this answer. Regulation and taxation red
by bobxmax 1y ago
Because Europeans don't take smart risks. Because they over regulate.
It's fascinating watching people circle back to this answer.
Regulation and taxation reduces incentives. Lower incentives, means lower risk-taking.
The fact this is still a lesson that needs to be debated is absurd.
- baq 1y agoEuropeans also mostly don’t suffer from school shootings and generally don’t go bankrupt when they get cancer or just take an ambulance ride to a non-network hospital. Regulation is not all bad, besides the US has more of it than anybody else.
- bobxmax 1y agoThe vast majority of Americans don't do either of those things either. And given what happened in Austria just a few hours back, not the best time for your comment.
- camjw 1y agoThere have been 11 mass shootings in the US in the last 7 days so I don't think this disgusting competition is one you're likely to win.
- bobxmax 1y agoNobody is claiming the US has less mass shootings. It's just pointless whataboutism in a conversation (economic strategy) that has nothing to do with it.
- camjw 1y agoAh good, I thought you were trying to imply there is an equivalent problem in the EU. Which would seem to be intentionally dense of course.
- deleted 1y ago[deleted]
- baq 1y agoRegulation was the point discussed, healthcare and gun controls are two examples where there are massive qualitative and quantitative differences in regulation between EU and USA. E.g. healthcare is a matter of national security in the EU and it's a profit center for pension funds in the USA. Gun controls I'm not too familiar with, I can only see second order effects in the US in the form of an arms race between police and citizens.
- bobxmax 1y agoNo, ECONOMIC regulation was the point discussed. That has zilch to do with something like gun control.
- TulliusCicero 1y agoThe mental gymnastics here are incredible. Do you really think the regulations inhibiting tech startup creation are the same ones that protect people when they get cancer or whatever? Yes, the US has a lot of school shootings, but does anyone think loose gun regulations are why the US is strong on tech?
- bobxmax 1y agoAny time European economic failings are brought up it's always the same thing. "Well at least no school shootings!" Great, Singapore has less school shootings and homeless people than anywhere in Europe by a country mile and has a soaring economy.
- FabHK 1y agoEh, Singapore's efforts to nurture a thriving startup scene are met with middling success at most.
- SV_BubbleTime 1y agoAre you implying that Singapore is not ultra regulated? They make Europe look like Texas.
- FabHK 1y agoNo, you're right, Singapore is both highly regulated and successful. I just meant to highlight that the soaring economy doesn't include many high-tech startups.
- bobxmax 1y agoAgreed, but Singapore has only 5 million people which limits their potential in that regard.
- camjw 1y agoI would love to know what you do for a living and whether you personally have taken any smart risks that have lead you to financial success, or whether you just like sniping on HN about school shootings and pretending to be superior.
- bobxmax 1y ago[flagged]
- stefan_ 1y agoThats hardly unique to Europeans. Look at UAV regulations in the US - regulated to death based on nothing, leading to a 5 to 10 year technology gap to China, while recreational pilots crash and burn every other week.
- Gerardo1 1y ago> Because Europeans don't take smart risks. Because they over regulate. If you said you can look at the state of VC funding in the US and call it anything approximating "smart risks" I don't know that I'd believe you.
- bobxmax 1y agoNo good VC investment looked like a "smart riks" to normies when it happened.