Comment by WarmWash
4 hours ago
All Europe has to do is let young people become billionaires with limited liability and an unencumbered team selection.
I know it sounds like satire, but there is a good reason tech exploded in the US 30 years ago while Europe is still making cars like it's the 1960's.
And how incredibly beneficial that has been to society at large, oh boy. Definitely something we need more of!
Ironically HN itself is a marketing campaign for VC billionaires.
So boycott HN?
Tech exploding in the US brought us lots of activity, but arguably not that much progress.
I mean, it's the backbone of the American economy and the reason most people here live comfortable lives. If we wanna virtue signal for upvotes sure, but if we pull the numbers pretty much everyone here is pressing buttons indoors all day and getting ~$200k for it.
Except our European counterparts, they still get ~$75k for it. But I guess "progress" because if they lose their job and bake bread instead not much in their life will change...
That's a different point to the on you originally made. Yes, the tech industry provides a lot of activity (and profit, and therefore livelihoods), but it hasn't actually produced much innovation.progress with all of that activity.
I'd much rather live in europe, having experienced both cultures. I don't have any problem with people earning wealth from selling goods and services, but I could do without people who want to be billionaires simply to be a billionaire.