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Based on the comments it looks like Europeans weren't ready to hear some of these things. 😉 Let me pile on...
Innovation in Europe is stiffled due to a risk-averse culture, complex regulatory environments, fragmented markets across different countries, limited access to venture capital, and a tendency for established companies to be less receptive to new ideas from startups, making it harder for innovative companies to scale up (compared to the US).
Rather have stifled innovation than innovation running rampant like what the US is doing.
With stifled innovation you only get through if you have an actual good idea instead of just an idea that makes money.
Regulations are written in the blood of the victims.
And other regulations are written by the lobbyists of big companies.
Here in Germany we have so many regulations that don't help anyone, except big companies who can circumvent or deal with them.
I don't want to reduce environmental or worker protection, but we need to simplify a lot of regulations so that the time to do the paperwork is reduced, one of the solutions should be good digitalisation.
Some are, sure. I think most on Lemmy support those kinds. While I enjoy the effects, USB-C mandates aren’t written in blood, and I suspect the majority of regulations are of that variety.
The USB-C mandate is a direct result of it being actively ignored by Apple. The way to universal chargers, first through micro USB and then USB C was also championed by the EU but only as a loose industry agreement or so. Definitely not enough to reign in Apple which is why it was now made mandatory.
The main motivation was to reduce electronic waste due to every device having a different charger and often not even standardising in the same company.
I support the mandate. Just pointing out that the whole “blood of victims” thing, while true of some very important regulations, is nonsense for most of them. There were no victims of lightning ports. There was no blood involved in generic Champagne being called Sparkling Wine.
at least the fragmented markets, limited venture capital and closed-mindedness of established compagnies are relatively well known and recognised, wouldn't say Europeans aren't ready to hear it
I was actually thinking the first two were the more detrimental, and are the reason behind lack of VC and closed minded companies. The fragmented markets is irritating, but overcomeable.
yeah I think I'd agree with that, hut I'm risk-averse myself so can't go pointing blame at others
The opposite could maybe be said of the US: due to our crazy-pants lack of financial security, people are willing to do risky things, which, when successful, can drive innovation. I grew up in this culture, so it doesn't make me uncomfortable, but understand it isn't for everyone.
Start-ups in the US benefit from an immediate market of 400 million people. The EU should be able to enjoy a similar benefit but you are right about the red tape. Obviously Brexit in the UK was a total anathema to that as well.
From what J can see innovation is happening just fine
Tell me one big innovation of the last 30 years where Europe is leading
na-euv
Doesn't really count if you have to google it first to know what it is, that's not what will save the European economy in the future. In the mean time other regions of the world dominate battery technology, battery-electric vehicles, handheld devices, social media, semiconductor technology, quantum computing, and basically the whole internet
Maybe you have to Google it
Are you saying that semiconductors and chipset manufacturing is not a critical domain today?
https://en.m.wikipedia.org/wiki/Umicore
Ironic as you are using a Lemmy instance based in Austria
A few other companies in the fields you mentioned:
https://finance.yahoo.com/news/20-most-valuable-european-tech-221145055.html
Yes, and as we all know, feddit.org absolutely dominates the social media market.
I specifically wrote that in these areas other regions of the world are dominating. I'm well aware that there are some players from the EU in these areas. That's not the point. Europe is not leading in any major development of the last 30 years while in other areas they lose market share to the competition like automotive or space (with the notable exception of aviation).
Let's look at tech companies. Look at that list and tell me with a straight face that Europe is playing a dominant role:
https://companiesmarketcap.com/tech/largest-tech-companies-by-market-cap/
Out of the 100 biggest companies, there are only 10 from the whole continent.
https://www.technologyreview.com/2024/04/01/1090393/how-asml-took-over-the-chipmaking-chessboard/
You keep using your phone, and ignoring what tech allows all modern computers to exist. Tech isn't a major industry, right?
And Europe is not dominating that industry
Just the foundation it's build upon
The foundation doesn't create jobs
It does, about 42000 of them just in the patent holding company alone
Ain't no way you gonna put all of Europe into that statement. You do understand that each country have their own system, policies and regulatory laws?
The problem here is that what you're saying is maybe true for a handful of countries while completely false and inaccurate for a handful of others.
We're not one single entity. Your statement is just not accurate as a whole.
Yea my healthcare one quickly got down voted. Someone used GPT to try to disprove it. I'm even a big propilonent of public healthcare, but you can't assume it is perfect.