Based on the comments it looks like Europeans weren’t ready to hear some of these things. 😉 Let me pile on…
Innovation in Europe is stiffled due to a risk-averse culture, complex regulatory environments, fragmented markets across different countries, limited access to venture capital, and a tendency for established companies to be less receptive to new ideas from startups, making it harder for innovative companies to scale up (compared to the US).
And other regulations are written by the lobbyists of big companies.
Here in Germany we have so many regulations that don’t help anyone, except big companies who can circumvent or deal with them.
I don’t want to reduce environmental or worker protection, but we need to simplify a lot of regulations so that the time to do the paperwork is reduced, one of the solutions should be good digitalisation.
Some are, sure. I think most on Lemmy support those kinds. While I enjoy the effects, USB-C mandates aren’t written in blood, and I suspect the majority of regulations are of that variety.
at least the fragmented markets, limited venture capital and closed-mindedness of established compagnies are relatively well known and recognised, wouldn’t say Europeans aren’t ready to hear it
I was actually thinking the first two were the more detrimental, and are the reason behind lack of VC and closed minded companies. The fragmented markets is irritating, but overcomeable.
The opposite could maybe be said of the US: due to our crazy-pants lack of financial security, people are willing to do risky things, which, when successful, can drive innovation. I grew up in this culture, so it doesn’t make me uncomfortable, but understand it isn’t for everyone.
Start-ups in the US benefit from an immediate market of 400 million people. The EU should be able to enjoy a similar benefit but you are right about the red tape. Obviously Brexit in the UK was a total anathema to that as well.
Based on the comments it looks like Europeans weren’t ready to hear some of these things. 😉 Let me pile on…
Innovation in Europe is stiffled due to a risk-averse culture, complex regulatory environments, fragmented markets across different countries, limited access to venture capital, and a tendency for established companies to be less receptive to new ideas from startups, making it harder for innovative companies to scale up (compared to the US).
Rather have stifled innovation than innovation running rampant like what the US is doing.
With stifled innovation you only get through if you have an actual good idea instead of just an idea that makes money.
Regulations are written in the blood of the victims.
And other regulations are written by the lobbyists of big companies.
Here in Germany we have so many regulations that don’t help anyone, except big companies who can circumvent or deal with them.
I don’t want to reduce environmental or worker protection, but we need to simplify a lot of regulations so that the time to do the paperwork is reduced, one of the solutions should be good digitalisation.
Some are, sure. I think most on Lemmy support those kinds. While I enjoy the effects, USB-C mandates aren’t written in blood, and I suspect the majority of regulations are of that variety.
at least the fragmented markets, limited venture capital and closed-mindedness of established compagnies are relatively well known and recognised, wouldn’t say Europeans aren’t ready to hear it
I was actually thinking the first two were the more detrimental, and are the reason behind lack of VC and closed minded companies. The fragmented markets is irritating, but overcomeable.
yeah I think I’d agree with that, hut I’m risk-averse myself so can’t go pointing blame at others
The opposite could maybe be said of the US: due to our crazy-pants lack of financial security, people are willing to do risky things, which, when successful, can drive innovation. I grew up in this culture, so it doesn’t make me uncomfortable, but understand it isn’t for everyone.
Start-ups in the US benefit from an immediate market of 400 million people. The EU should be able to enjoy a similar benefit but you are right about the red tape. Obviously Brexit in the UK was a total anathema to that as well.
Ain’t no way you gonna put all of Europe into that statement. You do understand that each country have their own system, policies and regulatory laws?
The problem here is that what you’re saying is maybe true for a handful of countries while completely false and inaccurate for a handful of others.
We’re not one single entity. Your statement is just not accurate as a whole.