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Comment by sampli | Hacker News Reader

And once again we are reminded why large technical advances happen outside of the EU

I doubt regulations are the issue. In fact the internet was invented at CERN and plenty of unicorns started the in the EU (Spotify, Skype, etc).

I think the EU is a way behind because of a lack of investment in startups.

Edit:

Like 90% of de audio dev industry is in Europe (Native instruments, Ableton, Steinberg, UVI, Arturia, etc).

> In fact the internet was invented at CERN…

In fact, it was not.

You're technically right, the web was.

What advancements? Shoveling more money to the top via new middlemen we don't need like Uber and Airbnb? Mortgage backed securities? Blackrock's business model? For profit prisons?

Moving money does not mean advancement in humanity or quality of life for every one.

Which advancements are you thinking of? The two decade long development of Meta's untamed surveillance apparatus?

Yeah... having multiple trillon dollar companies doesnt have any advantage at all... High paying jobs? Taxes? Brain drain? No getting your citizens data exposed to other countries? Nope, nothing.

It's more of the same historical shit, wealth concentrated into a few individual with their cast around them, living in their bubble. History is full of stories like this and it never ends well. Trillion dollars companies are not an achievement, it's a symptom.

High paying jobs for the best and brightest for.... optimizing engagement of cat videos?

Sounds more like a real-life imitating the opening of the movie Idiocracy.

Strictly use Meta as an example, since the HN crowd loves to bash them, during the same two decades they've released Presto, PyTorch, React, llama. Can you see SOME advancements?

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