Comment by whynotmaybe
18 hours ago
Still don't get your point.
How can the failures to innovate from privates companies be the responsibility of a political union of different governments?
18 hours ago
Still don't get your point.
How can the failures to innovate from privates companies be the responsibility of a political union of different governments?
EU regulations strangle corporate innovation there
I think you're looking at it from the wrong angle.
Most of the EU corpus of law is based on culturally acceptable actions from their members. The EU regulations don't strangle, the EU culture is just different.
Innovation for the sake of innovation and the pursuit of money isn't deeply entrenched in European culture.
So yes, innovation based on "go fast and don't care if you break stuff" comes mainly from outside of EU.
And another one parroting this without talking to EU founders.
I mean, they're not entirely wrong, but it's actually the lack of a capital markets union that causes the issues here.
So in fact, this is a case where the answer is more EU (specifically, a better set of cross-country capital markets). Depressingly, the obvious place to build this is no longer in the EU.
3 replies →