And the European equivalents of Tesla and Spacex's sucesses are where exactly?
Paypal? X even?
I am totally not hardcore, I value my free time, but driving the staff like this seems to have worked very well for Musk's companies.
Paypal? X even?
I am totally not hardcore, I value my free time, but driving the staff like this seems to have worked very well for Musk's companies.
https://wondery.com/shows/how-i-built-this/episode/10386-pay...
https://podcasts.apple.com/us/podcast/affirm-max-levchin-par...
If I drive my workers to various flavors (emotional, physical, etc) of failure to succeed economically, are you going to look up to me? If so, you've failed the litmus test. Progress is nice, but so is a reasonable balance for our short existence on this rock. Be Woz, not Jobs or Musk.
(high empathy human, early TSLA investor, own Teslas, know people at SpaceX, etc)
If Europe wants to be "more internal[ly] stable and international[ly] competitive", then its 40-hour-per-week, 5-weeks-holiday-per-year companies have to compete with Tesla, Spacex, Paypal, X etc.
And they are clearly failing to do so.
What has US tech built that Europe needs? Europe has services and great quality of life, the US has performance art capitalism paperclip maximizing for shareholder returns and is a third world country [1] [2] [3], broadly speaking. The race is not what you think it is. What are you building for? To just keep grinding or building? Or for people to live happy, healthy lives at scale? Engineering is fun, and leads to progress, but it is a means to an end, not the point of life.
[1] https://worldhappiness.report/
[2] https://dashboards.sdgindex.org/rankings
[3] https://www.visualcapitalist.com/a-visual-breakdown-of-who-o...
Bosch has been building EV’s for literal years. Just because they’re selling them as parts doesn’t mean they’re incapable.
Oh, come on.
And you are confusing personal happiness with company success. Europe prioritises the former, at the expense of the latter.
> Oh, come on.
I stand by my assertion.
[1] https://news.ycombinator.com/item?id=43471675 ("Even if I was programming Starship's flight computers, I would miss my family too much to work more than 40 hours per week. Regardless of really believing in their work, people want to have time with their loved ones.")
There's a reason the British industrial revolution was funded by new, sugar/slave-trade money -- because it went to people open to investing in this new, weird steam power thing.
in addition many of them did end up where they are by taking advantage of a major technological change, while being quasi subventioned, while being in a huge country which has until recently exported it's culture and tech, while systematically breaking all kinds of (non employee protection related) laws and regulations (including US laws/regulations, through seldomly with consequences in the US)
there is little which indicates that mistreating your employees was overly relevant for them to get where they are in most cases
actually it's even the opposite to some degree, multiple of the US mega corps have been known to be quite good employers (e.g. MS, Google). Microsoft was also one of the first huge companies which tried out a 32h week in some of their offices (and the results of that study indicated that it was leading to improvements).
and in general I think most people have no issues with highly payed highly skilled people "working hard like crazy" if
- it's well payed (i.e. you work "crazily hard" a few years and then can lay back for years after
- it's fully free of your choice to end up there
- you are also fully free to leave if you realize it's hitting your health to hard
Like company founders working "crazily hard" at the start of their journey is as normal in the EU as it's in the US. And paying people which work "crazily hard" extra, often in form of annual Bonus payments, is also in some markets not that uncommon in the EU. Also jobs which people very often don't do for more then a few years, because it's just not healthy.
But what Musk is pursing is so far beyond that on the unhealthy spectrum.
And a more normal employees has to be able to work their job without larger gap for like what 50 years at least. That just isn't compatible with "working crazily hard".
But Musk is just an extreme example of what you see in in general more in the US:
Indirectly force people to work harder then long term substainable and when it start causing chronic issues take "medicine" to fix it.
And then be surprised if your country has pain killer/drug addiction epidemic which doesn't just affect the people which did fall through society but like all levels of society.
And wrt. internal stability, have you looked at the US recently!? It's more unstable then it ever has been since the civil war.
He didn't create it, it was a (pre-release) working thing when his company (which was failing at building an online bank) merged. He was made CEO, and spent his tenure trying to throw away the working app because it was Java on Solaris for ASP because that's what he knew.
Four months in, he gets married. The BoD attends his wedding on the Saturday, and on the Monday morning when he leaves for his honeymoon, they fire him in absentia. Not "other priorities", "family time", but "fired on your honeymoon".
Since then, most of Musk's "contribution" to PayPal has been cashing the dividend checks.
Stripe has a list of what they support: https://stripe.com/en-dk/pricing/local-payment-methods
And now because of that, there's lobbying against direct bank transfers and capping of interchange fees.
I mean, the US should definitely improve their bank2bank stuff and implement FedNow (I think that's what it's called) but there's less pressure to do so as basically everyone has and accepts credit cards (not true in lots of Western Europe).
through what matters is that in the end you can pay on most EU sites without having either paypal or a credit card
so that use case really doesn't need paypal
and for the p2p money sending you need it even less
and if you buy stuff from outside of the EU you most times can pay with both paypal or credit card, so if you have a credit card you don't need paypal for that either
Basically: 1) you select your bank at the checkout; 2) you're redirected to the bank's payment page with a QR code; 3) you scan the code from your banking app and confirm it; 4) the bank redirects back the merchants page with the payment status confirmed/declined. No payment processor involved and the money goes straight from your account to merchant's account.
For the financial systems version of straight away (2-3 business days, weekends & holidays excluded) ;)
We prioritize the private sector politically and there’s a lot of benefits, and a lot of detriments, to this.
One of the downsides is we have hundreds of more or less identical companies doing the same thing that don’t need to exist. This breeds inefficiency into systems we use, thereby opening the door for even more useless companies that just reduce friction. Friction that we decided we needed to have.
The most obvious example is healthcare in the US, but every industry experiences these detriments.
Edit: Then why did you put a question mark at the end of a statement of fact instead of a period? What he said was true, has been true for a long time in fact (not just Europe, but a lot of the rest of the world), and you can easily google for evidence if you don't believe him, without questioning his honesty. Were you honestly that surprised that you had to ask?
The US lags so far behind other so-called "third world countries" not only in banking, but also health care, freedom from gun violence and school shootings, and now also civil rights and freedom of speech and democracy. I don't think Canada or Greenland would vote to give up their advantages and freedoms to become US states, but if they did, they sure wouldn't vote for the current administration.
I am not even sure why you were putting words like shocking, surprised, skeptical seemingly into my response. None of these are accurate descriptions of my question and response.
I hope you are doing OK because it seems like you are struggling with something.
It’s like a cash advance on a credit card. Great for getting 500 bucks in your pocket, but the interest is steep.
People, like most resources, can be extended past their maximum value at the cost of longevity.