Letting another country be the wild west and then cherry-picking the good stuff while regulating the nasty stuff doesn't seem like a terrible place to be for the, what, 99% of people who aren't Silicon-Vally-bigtech-execs-and-engineers getting all those profits?
Even in the US most software jobs are lower-scale and lower-ROI than a company that can serve hundreds of millions of users from one central organization.
But for the engineers/investors in other countries... I think the EU, etc, would do well to put more barriers up for those companies to force the creation of local alternatives in those super-high-ROI areas - would drive a lot of high-profit job- and investment-growth which would lead to more of that SV-style risk-taking ecosystem. Just because one company is able, through technology, to now serve everyone in the world doesn't mean that it's economically ideal for most of the world.
Some of that is US companies hiring in the EU because the salaries are lower. Source: I know of multiple companies, even on the smaller side, doing this.
It's a textbook case study of market failure in neoclassical economics caused by information asymmetry. If customers knew about the vulnerabilities, they wouldn't have paid money, or they would have demanded a lower price.
Letting another country be the wild west and then cherry-picking the good stuff while regulating the nasty stuff doesn't seem like a terrible place to be for the, what, 99% of people who aren't Silicon-Vally-bigtech-execs-and-engineers getting all those profits?
Even in the US most software jobs are lower-scale and lower-ROI than a company that can serve hundreds of millions of users from one central organization.
But for the engineers/investors in other countries... I think the EU, etc, would do well to put more barriers up for those companies to force the creation of local alternatives in those super-high-ROI areas - would drive a lot of high-profit job- and investment-growth which would lead to more of that SV-style risk-taking ecosystem. Just because one company is able, through technology, to now serve everyone in the world doesn't mean that it's economically ideal for most of the world.
> People really want to bring down the growth of the USA's software industry to EU level.
The EU is the only place hiring software engineers right now. Everyone in the U.S. just keeps laying them off.
That hiring is by US companies moving at US speeds, who greatly eclipse the growth rate of EU companies, which is the point OP was making.
I think "innovativeness" is massively overrated compared to network effects and consolidation.
Spotify is European. Any innovative SV companies going to unseat them with sheer pluckiness? Same goes for Meta or Amazon going the other way.
China and to some degree Russia have their own ecosystems due to anti-innovative barriers they put up.
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Some of that is US companies hiring in the EU because the salaries are lower. Source: I know of multiple companies, even on the smaller side, doing this.
USA is bullying europe into buying billions and billions worth of € in weapons and we're supposed to feel sad a couple of your jobs move to europe?
It's a textbook case study of market failure in neoclassical economics caused by information asymmetry. If customers knew about the vulnerabilities, they wouldn't have paid money, or they would have demanded a lower price.