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.
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.
Incentive structure. Make a unified tax code with progressive corporate tax with per capita allowances based on local workforce size.
That’s what I’ve been saying from the beginning. People’s money is already invested.
It is invested, but not to the extend of the US. It is in saving accounts where the bank shields the people from risk.
The banks cannot invest that money in risky startups due to regulations. This means even European startups end up in the ownership of American capitalists because they get the funding from there.
The per capita tax structure is an incentive to maintain a local workforce. I don’t think that it helps to have the funding for more new ventures that would employ that workforce.
I disagree, we end up in the hands of US conglomerates because both EU and US antitrust enforcements are a joke. We lack enforcement to structure the incentives. There’s 0 chance that a true democratic society would allow meta to operate Facebook, Instagram and WhatsApp under the same umbrella. Further, the US prints the world reserve currency, so trying to compete at their “hook people on free services (aka, vc funded dumping) and when competition dies, enshitify” is a losing game. We need to play a different game, innovate in fiscal regulations.
How do fiscal regulations help with Facebook, Instagram and WhatsApp?
Having average people own the companies is different. What do you have in mind?