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Comment by Workaccount2 | Hacker News Reader

Europe is going to have a hang-over from resting on it's laurels for the past 20-30 years. I don't know if people will be able to tolerate the changes needed to totally stand independent.

If Europe wants to copy the powerhouse tech industry of the US, it's going to have to become more like the US.

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You mean the Euro should become the world's reserve currency?

Meaning the EU should stop being so risk adverse, stop having 27 different regulatory bodies for the same thing and the list could go on.

People here talked about Israel: the Shekel is not a currency anybody except them use, but they churn out successful startups at an incredible pace. They use their tech talent very well and are not encumbered by a myriad of regulations.

It's very hard to copy Silicon Valley, even other US regions are not able to do it.

There's something magical about California and New York (another tech powerhouse).

NYC has this vibe of "getting stuff sone, no BS" kind of mindset. California has this relaxed vibe but at the same time the sky is the limit. I think it has something to do with how the sun shines there and the ocean. You feel like just working and things are going to be OK.

I am always more productive in NYC or LA. And I have no real explanation for that.

NYC and SF have private capital concentrated in enormous quantity. Look to the preceding 5 decades to see how that happened, it did not spring up overnight.

I don't think becoming even more neoliberal is going to solve anything for the EU, you people know one button so you all you ever want to do is press it harder to solve any problem, it's hilarious.

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