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Europe's Missing Googles
The European Digital Gap, Quantified
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  • Jim__L

    “Culturally, the authors’ data shows that young Europeans are much more afraid to fail than their global counterparts.”

    Wait, what?

    I thought that a Eurosocialist safety net gave people the confidence they needed that everything would be alright even if they failed, making failure less daunting?

    Could it be that *experience* with failure is what makes failure less daunting?

    “Not only so, but we also glory in our sufferings, because we know that suffering produces perseverance; perseverance, character; and character, hope.”

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  • rheddles

    We need to explain clearly to our allies how we have built and sustained
    tech growth, legally and culturally, and encourage them to do the same.

    I had been unaware we were keeping it a secret from them. But since the Small Business Investment Act of 1958 is only 57 years old, it may still be classified.

    • Fat_Man

      The SBA has less than nothing to do with tech. We kept trying to figure out how to utilize their services, but they were to lobotomized to help.

      • rheddles

        The SBA also has less than nothing to do with the Small Business Investment Act which allowed the creation of Small Business Investment Companies (SBIC) or Venture Funds in the vernacular. While it took almost a decade for venture capital firms as we know them to emerge, it was as a result of the SBIA.

        • Fat_Man

          No. And I used to be in the business. The modern venture capital fund, like Kleiner, Perkins, has nothing to do with SBICs or the SBA. They are deliberately structured to avoid regulation under the Securities Act, the Securities Exchange Act, the Investment Company Act, the Investment Advisers Act, and ERISA. This is done to avoid conflict of interest rules, limitations on fees, and to maximize freedom of action. like I said we wanted to utilize some of the free or cheap money the SBICs could get and that SBA would deal out, but we could not make it work.

  • Fat_Man

    “Our European allies are key pillars of the world order we have spent half a century building”

    Ha. Ha. They are utterly worthless (except maybe the Brits). They have developed the sort of dependency that makes America’s welfare mothers look like Spartans.

    Nothing we say will change that. Maybe dissolving NATO, and removing all of our troops and bases from the continent will shock them into action. Of course, it might just cause them to surrender to Russia.

  • InklingBooks

    “Culturally, the authors’ data shows that young Europeans are much more afraid to fail than their global counterparts.”
    Hardly surprising. For generations, bolder Europeans more likely to set out for the U.S. than their more cautious counterparts. Forgetting any genetically based factor for risk taking, that still means that a child growing up in the U.S. is more likely to come under the influence of risk-takers.

    That is one reason why American culture is more likely to teach risk-taking as a virtue than European culture. And that’s not taking into account two blood wars in the twentieth century that were fought primarily in Europe and resulting in not just a heavier loss of life but a still heavier lost of life for what risk-takers remained.

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