Michael O'Hara

The most concerning part about this is that most Europeans don't realize how stagnant Europe has now become Europeans are literally blue-pilled and are mostly concerned with climate change, immigration and the Ukraine war Nobody in Europe is thinking why increasingly everything they use is made in China running on American software The knee jerk reaction is to proudly pass regulation against American tech The chad reaction would be to reduce regulation so that European entrepreneurs would actually stay in Europe to build European startups increasing Europe's GDP and making Europeans richer! I am European and I have regular conversations about this with people here, it's just not on top of mind AT ALL! While it should be because Europe's GDP is stagnant and the real innovation now happens in US and China and elsewhere, not in Europe People in Europe do love to complain about rising cost of living and the increasing unaffordability of living, but they don't realize why. They point at foreigners/immigrants as the problem, which can't be the whole story Other Europeans I talk to get visibly upset if I ask them about stagnant GDP numbers: "why should everything be about money?" they say in a thick German accent The whole story is that Europe has made it very difficult for people to start a business, raise capital, innovate and get the reward for taking that risk, so why would anybody? And for the Europeans that do, it's way easier to open a US Delaware company, raise capital in US, sell your stock or IPO in the US, because why even do that in EU, where it's too hard? The proof is in the pudding, if it was so easy in EU then why is startup funding in US $270B AUM with 330 million people vs $44B AUM with 746 million people? That's almost 14x bigger startup funding market per capita Why doesn't EU have ANY trillion dollar companies? While US has six? Why isn't there any European company in the top 10 of largest companies? While 80% is American? Why is Stripe, a company founded by two Irish brothers, an American company and not a European one? It could have been Very few Europeans will agree with this post because they can't see it, if they would've seen it, we wouldn't be here in the first place! What's the role left for Europe in the future? Signed, - A techno-optimist European who'd love to see Europe become wealthy again