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by xvector
841 days ago
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It's not exceptionalism if it's true. The EU's very culture lacks the "get shit done" mentality present in the US. On average, people are less bold and take less risks. This is evident in the lack of meaningful consumer technology businesses over the last 20 years and a dearth of startups precipitated by hand-wringing VCs that would rather invest in land than ideas. As such, the EU has missed out in trillions of euros in growth and millions of jobs. Even stretching back to WWII we can see that, from daylight bombings to Normandy, American military strategy and culture was much more bold and high-risk, high-reward, which is what you need to get shit done. People are more risk-averse in the EU and that significantly slows the pace of progress. As the EU's share of the global economy continues to decline, something will have to give. The EU encourages inheriting wealth and punishes building it. |
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