391 karma · joined October 3, 2021
- Warren Buffett
"One thing that makes me skeptical about the EU long term is the way they seem to view regulation not as an unfortunate necessity, but as an exciting project."
https://twitter.com/paulg/status/1050787382390329345Do you know a way to do it?
Do you know a reliable way to do it?
I suggest you read this paper ("Why Isn't the Whole World Developed? Lessons from the Cotton Mills"):
https://faculty.econ.ucdavis.edu/faculty/gclark/210a/reading...
Europe has a bigger population than the US, so listing competitors that are much smaller than their US equivalents is not a good sign.
Those companies located in the EU are mostly owned by US and sometimes Chinese investors. The reverse is not true - most US companies are almost exclusively owned by Americans. Americans own around half of all global financial wealth.
Unfortunately, Europe strongly embraces socialism [1] and is hostile to entrepreneurs. According to a study [2]:
"Western Europe is shown to underperform in all four measures of high-impact Schumpeterian entrepreneurship relative to the U.S. Once we account for Europe’s strong performance in technological innovation, an “entrepreneurship deficit” relative to East Asia also becomes apparent. This underperformance is missed by most standard measures. Finally, we also find that China performs surprisingly well in Schumpeterian entrepreneurship, especially compared to Eastern Europe."
[1] https://yougov.co.uk/topics/politics/articles-reports/2016/0...
[2] https://www.ifn.se/media/2rvl3xy3/wp1170.pdfI suggest you read this blog:
https://sirtyrionlannister.wordpress.com/2014/03/21/how-the-...
It's like saying that healthcare access with attractive nurses is not a right. It's not, but healthcare in many countries is a right.
https://www.overcomingbias.com/2018/06/comparing-income-sex-...
“It's a fact...that in societies like ours sex truly represents a second system of differentiation, completely independent of money; and as a system of differentiation it functions just as mercilessly. The effects of these two systems are, furthermore, strictly equivalent. Just like unrestrained economic liberalism, and for similar reasons, sexual liberalism produces phenomena of absolute pauperization . Some men make love every day; others five or six times in their life, or never. Some make love with dozens of women; others with none. It's what's known as 'the law of the market'...Economic liberalism is an extension of the domain of the struggle, its extension to all ages and all classes of society. Sexual liberalism is likewise an extension of the domain of the struggle, its extension to all ages and all classes of society.”
― Michel Houellebecq, Extension du domaine de la lutte