The share of investments made in the European chip sector shrank compared to worldwide spending, falling from around 10% in 2000 to 4% in 2010, according to the European Court of Auditors. Since then, the situation has not improved.
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We keep attempting to set up competitive companies, while disregarding that the competition consists of conglomerates that are essentially subsidised by their own overvaluation.
In this context the question becomes: do we want to submit to American cheating or do we want to embrace technological sovereigntyIt’s more than just that. Europe doesn’t have the venture capitalist culture that drives modern innovation and the rules and regulations are generally business unfriendly.
We have the capital, but not the framework.
It’s funny how “business unfriendly” is just code for having to pay taxes, or having to contribute to the societies they profit from in any way. God forbid we should be able to afford the infrastructure keeping their businesses afloat!
That is your very limited and incorrect interpretation of what businesses unfriendly means. Businesses want a clear framework where the processes to adhere to the law are predictable and preferably streamlined in an efficient way. In many countries inefficient administration is a huge issue, like in Germany or France. This has nothing to do with taxation but with predictability and agility in doing business.
Agreed. Here in Germany there’s a big problem that even all business have to comply with many regulations meant for corporations, making the expenses for smaller companies enormous.
Given: not all of them are driving innovation, but my entrepreneur friends who run their businesses in Germany plan to move their endeavors elsewhere.
I’m all up for a social state, but not for the laws that only large corporations can easily follow.
Disclaimer: I’m not a lawyer or a businessman myself and only know about the matter anecdotally.
I’m interested in what these regulations are. In Sweden there is often talk of how the law for job security (lagen om anställningsskydd) is the biggest hurdle for businesses, making it expensive and a risk to hire people since you can’t just fire them willy nilly. Critics make it seem like you can’t fire them at all, even for being incompetent, when in actuality you can if you just set clear expectations and document why they are not met. Not to mention the six month trial period for new hires where you can fire them willy nilly, and I wonder what jobs there are where half a year isn’t enough to tell if they are a good fit.
Entrepeneurs (translation, mostly dude bro type) don’t like to pay taxes or wages so they delocalize to parasitic societies like Estonia that allow tax residence while furnishing avenues for fiscal engineering to reduce effective taxation.
We need a harmonized EU fiscal code with a progressive corporate tax with per capita allowances ONLY if your workforce is EU based. Let’s see BOSCH fire 14k in Germany alleging headwinds only to then hire the same amount in India with a fraction of the labour cost. We need to stop our ruling class from committing wage theft by using slave labour abroad while collecting spending domestically! That’s not capitalism, it’s imperialism!
Imho, the main blocker for buisines in Sweden is Sole proprietorship (Enskild firma) taxation. After the grace period it is fucking 55% of the income.
Imagine working for the whole year, and then government takes MORE THAN A HALF, of what you have earned.
It is outrageous, honestly, and prevents a lot of positive development in the country.
Oh fuck off, 55% is even low for the level of societal support the country has. Imagine having your labour sucked dry by a trust fund baby cunt and then while you’re taxed fairly the trust fund baby barely pays taxes through fiscal engineering.
We need the 28th regime asap, but I am afraid the fucking national states will block it in their endless small-minded “protection of their suverenity”
https://en.wikipedia.org/wiki/28th_regime
28th regimes are proposed legal frameworks of European Union rules which do not replace member states’ own national rules but are an optional alternative to them.
Titled “28th regime – a single harmonized set of rules for innovative companies throughout the EU”,
How can something be optional and harmonizing?
From the German page:
Das 28. Regime (aus dem englischen ohne negative Konnotation, vglb. 28. Regelung)
(from English, without negative connotation, like 28. rules)
Does the EU define that regime doesn’t have negative connotations? This is a bad sign.
The term regime is often used critically to portray a leader as corrupt or undemocratic.[8] While the term originally referred to any type of government, in modern usage it often has a negative connotation,
We can collect money from average citizens and create the new ventures that way, [with them as the shareholders]. But people rather spend money on a vacation than on a company.
There would be no need for billionaires if average citizens were willing to risk their money.
Downvoters, from where should the money come?
Link further down:
The failure of high EU savings to flow into productive investments in Europe comes down to less efficient financial intermediation. The persistent shortfall of investment vis-à-vis the US has occurred even though EU households save more than their peers in the US. In 2022, EU household savings were EUR 1,390 billion compared with EUR 840 billion in the US, reflecting the lower savings rate of US households, which is around a quarter of the EU level04. However, despite their higher savings, EU households have considerably lower wealth than their US counterparts, largely because of the lower returns they receive from financial markets on their asset holdings.
Fuck you, that’s why.
Accusing workers from taking vacations is an absolute abominable bullshit only ghouls would ever spread.
So to get a real answer:
Fuck capital, it doesn’t do shit. People improve technology, and they need resources for that. Simple as.
So EU should dedicate more resources to research and development of technology it can’t survive without. Lessen the dependancy on China and US.
Specially open software, that investment will bring back tenfold more growth very quickly. Don’t need many resources for that, just feed people.
I know less about hardware, but semiconductors are in everything, so we all need to stop producing products with them, as well as having more producers, so you can have ethical and ecological lifecycle.
Again: we don’t need european Torment Nexus
The guy you’re replying to is the typical parasite that would thrive in Dubai or the US because there, empathy is a disadvantage, not a basic human condition.
We need a common tax code in the EU that taxes profits progressively for companies to have incentives to re-invest in R&D. It needs to have allowances per capita for domestic production and workers so we reduce capital outflow and we need to make stock buybacks illegal. The way it’s set up today, it’s just a massive capital vacuum that extracts it from people and transfers it to stockholders.
extracts it from people and transfers it to stockholders.
I am arguing that the people have to be the stockholders so that the profits stay with the people. That is the opposite of what capitalists do. How have you understood my comment that you think I am a parasite?
Private equity and hedge funds are already overwhelmingly funded by pension funds. I don’t understand how much more you want to extract from working people. The real question is why are we letting the inbred offspring of the former nobility manage our funds under the guise of expertise when it’s been shown that an octopus can outperform them when it comes to long term returns from investment strategy. They give our money to dude bros to invest in brilliant ventures like FTX and we’re left holding the bag. That’s why you’re a traitorous parasite, you want to extract even more from those who already contribute the lion’s share.
Thank you.
In my defence, I wrote spending on vacation, not taking vacations. It doesn’t cost extra money to relax at home. In my opinion, that’s the easiest way to save money.
People improve technology, and they need resources for that. Simple as.
Yes
So EU should dedicate more resources to research and development of technology it
That won’t happen on its own. Like investing, people don’t vote in their best interest.
Specially open software, that investment will bring back tenfold
The EU and all public institutions could shift to the Fediverse for free. There is a server but no commitment. All news reference X.
as well as having more producers
That’s the question. Who brings the money? It will take 4 years minimum to vote for enough good politicians in the EU. People could start a new company on Monday.
Best of all, the money would not be gone but people would own companies.