When the EU wants to go green they subsidise Total. When they want to compete with Tesla they subsidise Volkswagen.
Innovation seldom comes from old companies. The EU complains it is loosing to Facebook, Google, Tesla and responds by subsidising 80+ year old vested interests. Who will use that subsidy to protect their vested interests.
[removed]
Unless it plans to either somehow quadruple the birth rate or manages to come up with some sort of coherent immigration plan that includes proper measures for integration, I’m gonna go with doubt.
If anything maybe just surging cash into AI research & automation to try to get ahead and offset the massive upcoming worker shortage from the major demographic issues we are going to face might be the more realistic choice, but then our mindset these days seems to be more “why innovate when you can regulate?” as opposed to actually being bold and trying to address the actual issues instead of the last couple decades of head in the sand politics that has been Europe’s main geopolitical approach since the Soviet Union collapsed.
If I were them (and I’m very much not) this is the kind of thing I’d hire an outsider to write. Maybe even an American…
EU is simply not competitive. Old fucking population, and 1000+ draconic regulations that don’t allow business to prosper competitively vs other powers.
Good luck with that
Cut taxes & welfare and see Europe become competitive again…
Won’t happen though so expect more EUR weakness and sluggish growth.
Yeah, regaining edge will certainly stem from central planning and government involvement in things it has zero competence in.
What a bunch of statist clowns.
I want to hear about EU’s plan for when Trump is elected president again in 2024 and decides to pull the US out of NATO. He leads in 5 out of 6 *swing states* and is tied in the popular vote. There’s a huge possibility he’ll win in 2024. Is there a plan for that, EU? Because I haven’t heard about it.
They should implement a new EU directive that prohibits uncompetitive companies.
Spoiler: Not gonna happen
I really hate Ursula von der Leyen.
She needs to be replaced.
Dawg look at my homie, blud’s delusional💀
Lol, and a picture of Draghi. The only less convincing picture would be of Juncker
As a German would say, der zug ist schon abgefharen
I was hoping to find hints that we will dismantle the religious laws banning every innovative industry here in Europe, but did nit find any. Well, until our main game is to invent ever more restricting regulations to suffocate any high-tech industry, we will lag behind the US. One solution would be to not intentionally cripple our own innovators and just let them work.
The EU is a cutting edge museum.
Paywall
How? By creating new trade barriers and reading private texts?
The people that have been killing innovation with their regulation nationally and on a European level won’t save us from their own mistakes. When I was 18 over a decade ago I already said that Germany was a lost cause culturally and people without a fail would talk about the unbeatable Mittelstand, they thought prosperity for Germany was some god given right.
It’s not happening. I’m in public research, in a field where we should go all in (semiconductors) and research budgets have never been so hard to get. So it’s not happening. Good thing I’m leaving next year.
I got a plan…
Deregulate…
Stop the unstable welfare system…
Start fucking and having 3 kids per couple…
Stop importing Islam…
???
Profit.
It’s so obvious
Ah the EU, the ´regulatory superpower´. An open-air museum for American tourist, and a shopping mall for Asian tourists. For innovation, look elsewhere.
We had a competitive edge?
Mario draghi please do whatever it takes
EU is so divided right now. In order to “regain” something it never had, it first has to develop a tighter cooperation and common ground between its states.
[removed]
By abolishing itself?
Hard paywall. Anyone able to post the article?
Well the EU losing money to make the US gain more money by heavily funding Microsoft with hundreds of millions paid for Windows and office when gratis alternatives like Linux and LibreOffice are available.
But yeah, why not make the economy worse when you can make it work and also help the competition?
This is all wrong. All Europe needs to do is get rid of all the illegal immigrants. All the other problems are not important right now.
I don’t think a competitive edge is compatible with gender and minorities quotes
I’m in the EU. My company does EU Projects. If I want to do some R&D I can’t get anyone, national or EU level to give me proper money for experimentation. If I want to organize a shit conference and talk about sweet nothings with various bureaucrats, they throw money my way.
Capital markets have to be unified. Without capital markets, nothing can be scaled.
It’s taxes. Taxes and fees on the European consumer isn’t it?
Comments here about how EU has a regulation problem have some merit, but the explosion in regulation is a global not European issue. Take a look at the US, where building infrastructure is now all but impossible due to regulations bumping up prices to levels far above Europe.
I worked in an intra-governmental organisation and the director general commented that the success rate of research projects sponsored was around 80% – and he considered this to be far too high. He said that it meant the organisation was not really encouraging innovation or work at the bleeding edge of technology but “more of the same”, playing safe to ensure success. He went on to point our that in the USA, venture capitalists and others who invest in R&D expect a higher proportion of failures than is the case in Europe. They know that you won’t get the next Google, Amazon or Tesla by investing in “things that worked before” and that more risk has to be accepted, if you hope to foster genuinely innovative ideas and find the “next big thing”.
The article literally says they have a plan to cut 25% of EU regulations to boost competitiveness. I don’t know why so many people keep saying they’ll “idiotically try to solve this with more regulation”.
More taxation and regulations will surely do it… right EU?
39 comments
When the EU wants to go green they subsidise Total. When they want to compete with Tesla they subsidise Volkswagen.
Innovation seldom comes from old companies. The EU complains it is loosing to Facebook, Google, Tesla and responds by subsidising 80+ year old vested interests. Who will use that subsidy to protect their vested interests.
[removed]
Unless it plans to either somehow quadruple the birth rate or manages to come up with some sort of coherent immigration plan that includes proper measures for integration, I’m gonna go with doubt.
If anything maybe just surging cash into AI research & automation to try to get ahead and offset the massive upcoming worker shortage from the major demographic issues we are going to face might be the more realistic choice, but then our mindset these days seems to be more “why innovate when you can regulate?” as opposed to actually being bold and trying to address the actual issues instead of the last couple decades of head in the sand politics that has been Europe’s main geopolitical approach since the Soviet Union collapsed.
If I were them (and I’m very much not) this is the kind of thing I’d hire an outsider to write. Maybe even an American…
EU is simply not competitive. Old fucking population, and 1000+ draconic regulations that don’t allow business to prosper competitively vs other powers.
Good luck with that
Cut taxes & welfare and see Europe become competitive again…
Won’t happen though so expect more EUR weakness and sluggish growth.
Yeah, regaining edge will certainly stem from central planning and government involvement in things it has zero competence in.
What a bunch of statist clowns.
I want to hear about EU’s plan for when Trump is elected president again in 2024 and decides to pull the US out of NATO. He leads in 5 out of 6 *swing states* and is tied in the popular vote. There’s a huge possibility he’ll win in 2024. Is there a plan for that, EU? Because I haven’t heard about it.
They should implement a new EU directive that prohibits uncompetitive companies.
Spoiler: Not gonna happen
I really hate Ursula von der Leyen.
She needs to be replaced.
Dawg look at my homie, blud’s delusional💀
Lol, and a picture of Draghi. The only less convincing picture would be of Juncker
As a German would say, der zug ist schon abgefharen
I was hoping to find hints that we will dismantle the religious laws banning every innovative industry here in Europe, but did nit find any. Well, until our main game is to invent ever more restricting regulations to suffocate any high-tech industry, we will lag behind the US. One solution would be to not intentionally cripple our own innovators and just let them work.
The EU is a cutting edge museum.
Paywall
How? By creating new trade barriers and reading private texts?
The people that have been killing innovation with their regulation nationally and on a European level won’t save us from their own mistakes. When I was 18 over a decade ago I already said that Germany was a lost cause culturally and people without a fail would talk about the unbeatable Mittelstand, they thought prosperity for Germany was some god given right.
It’s not happening. I’m in public research, in a field where we should go all in (semiconductors) and research budgets have never been so hard to get. So it’s not happening. Good thing I’m leaving next year.
I got a plan…
Deregulate…
Stop the unstable welfare system…
Start fucking and having 3 kids per couple…
Stop importing Islam…
???
Profit.
It’s so obvious
Ah the EU, the ´regulatory superpower´. An open-air museum for American tourist, and a shopping mall for Asian tourists. For innovation, look elsewhere.
We had a competitive edge?
Mario draghi please do whatever it takes
EU is so divided right now. In order to “regain” something it never had, it first has to develop a tighter cooperation and common ground between its states.
[removed]
By abolishing itself?
Hard paywall. Anyone able to post the article?
Well the EU losing money to make the US gain more money by heavily funding Microsoft with hundreds of millions paid for Windows and office when gratis alternatives like Linux and LibreOffice are available.
But yeah, why not make the economy worse when you can make it work and also help the competition?
This is all wrong. All Europe needs to do is get rid of all the illegal immigrants. All the other problems are not important right now.
I don’t think a competitive edge is compatible with gender and minorities quotes
I’m in the EU. My company does EU Projects. If I want to do some R&D I can’t get anyone, national or EU level to give me proper money for experimentation. If I want to organize a shit conference and talk about sweet nothings with various bureaucrats, they throw money my way.
Capital markets have to be unified. Without capital markets, nothing can be scaled.
It’s taxes. Taxes and fees on the European consumer isn’t it?
Comments here about how EU has a regulation problem have some merit, but the explosion in regulation is a global not European issue. Take a look at the US, where building infrastructure is now all but impossible due to regulations bumping up prices to levels far above Europe.
I worked in an intra-governmental organisation and the director general commented that the success rate of research projects sponsored was around 80% – and he considered this to be far too high. He said that it meant the organisation was not really encouraging innovation or work at the bleeding edge of technology but “more of the same”, playing safe to ensure success. He went on to point our that in the USA, venture capitalists and others who invest in R&D expect a higher proportion of failures than is the case in Europe. They know that you won’t get the next Google, Amazon or Tesla by investing in “things that worked before” and that more risk has to be accepted, if you hope to foster genuinely innovative ideas and find the “next big thing”.
The article literally says they have a plan to cut 25% of EU regulations to boost competitiveness. I don’t know why so many people keep saying they’ll “idiotically try to solve this with more regulation”.
More taxation and regulations will surely do it… right EU?