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Comment by PoignardAzur | Hacker News Reader

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PoignardAzur

This obsession with regulating everything is why California will never have its own tech giants like Alibaba or ASML.

Californian voters should just accept that an unregulated market is the only way to get any innovation at all.

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ASML hahaha. ASML is Dutch, probably in the top 5 bureaucratic and regulated countries in the world.

ASML is threatening to leave not without reason.

OP was being sarcastic FYI

Then one of the companies has to go

He was mocking the way people talk about the EU and intentionally used companies not based in California as examples.

Where do people talk like this?

In this very orange website. Any EU regulation seems to be anathema and a barrier to innovation, and that extends to things that improve user privacy and such.

Do you have any links? This is very curious and new to me, I haven't personally seen this before, but I'm more than happy to be wrong!

The joke is that every single time an article about EU tech regulations comes out, a bunch of people sneer that this is why Europe doesn't have FAANGs.

deliver the joke

with tinderbox-dry humor

enjoy the whooshes

It's a genre.

I usually wouldn't on HN, but that joke was just right there.

Is this serious? Do you know where most of the "FAANG" tech giants all hail from? Or where a bunch of VC's/accelerators are at? California is not left wanting for more tech innovation.

not the OP but pretty sure it was sarcasm and choosing ASML and Alibaba specially because they are based in countries that are not know for their lack of regulation.

Alibaba grew because of unregulated / taxfree and subsidized imported goods

So not too unlike Amazon and its tax evasion schemes.

Roger. Definitely some Poe's law here mocking regulation in earnest, so it's hard to tell.

> California will never have its own tech giants

Might be quicker to name the tech giants that aren't in silicon valley

Yeah we're stuck with lame also-rans like Google, Meta, Apple and nvidia. California sounds like it really needs your help.

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