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Comment by jaoane | Hacker News Reader

> Drawing on the current geopolitical landscape, Calviño sees the uncertainty generated by US President Donald Trump's economic policies as an opportunity for Europe.

The opportunity of wasting the hard earned money of the citizens she means.

Have they considered doing useful stuff like removing regulations, lowering taxes, fixing the immigration mess, etc? You know, what actually made America an innovation hub.

This will end the same way it always does every time the EU gives away money to economic sectors they are jealous that the US have and they don’t: a select few will fill their pockets with nothing to show for it.

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That’s never been the European way of doing things. You can’t beat America at being America.

From the East India Companies to Airbus, strong European companies have been made around strong European states.

Bad example.

The East India company era had WAY less regulation all around, way lower taxes, less types of taxes, a very attractive simple investment climate (the literal founding of the concept "stock market", in its simplest and most primitive form) and close to 0 (illegal) immigration. They also had no euro, no socialist EU and no self-imposed limitations on energy conversion (there was no electricity, but wind was huge and allowed for mass production of stuff).

When companies were operated by royal charter and owned by aristocrats there wasn’t much meaningful distinction between dividends and taxation.

> They also had no euro, no socialist EU and no self-imposed limitations on energy conversion (there was no electricity, but wind was huge and allowed for mass production of stuff).

These are the diseases of weak states, incapable of creating state ownership enterprises that could dominate the world.

You should ask Isaac Newton (yep, that one) about these strong European companies:

https://royalsocietypublishing.org/doi/10.1098/rsnr.2018.001...

Btw: the East India trading company is still used in economics schools as an example of state interference in trade and what can go terribly wrong.

> You know, what actually made America an innovation hub.

An innovation hub or a capitalistic, fascistic hellscape about to collapse into itself?

> This will end the same way it always does every time the EU gives away money to economic sectors they are jealous that the US have and they don’t:

I think you are so far down the propaganda rabbit hole that you can't see the reality. Europeans do not want the US oligarchy. This move is to try to distance the bloc from the failed experiment that is the States.

In what reality is giving politicians a fund to pick winners and losers in the economy going to prevent fascism?

The tech sector in the "fascist hellscape" is paying its workers 3-4x what Europe is, and Europe is doubling down on the policies that got it there.

>I think you are so far down the propaganda rabbit hole that you can't see the reality

You built your whole argument on a future collapse you've imagined for across the pond, rather than engaging with the topic at hand. You are the one who refuses to see.

> The tech sector in the "fascist hellscape" is paying its workers 3-4x what Europe is, and Europe is doubling down on the policies that got it there

The absurd income inequality in the US tech sector is not the boast you think it is.

> You built your whole argument on a future collapse you've imagined for across the pond, rather than engaging with the topic at hand.

The collapse of US society has already occurred.

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