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Can you point to a law that Brussels made that hinders the private sector for trillions?
Why would it be a single law?
If there's a different cause of their failure to keep up, I'm open to hearing about it.
Why can't it be both?
The EU has a bunch of environmental, labor, protectionist, and health regulations that make doing business there less profitable.
Also, we were talking about Europe, not specifically the EU government layer. So, all the taxes to fund the bureaucracy and state provided services should be included on this side of the ledger. (I shouldn't have said "EU bureaucracy", when I meant the general amount of bureaucracy in the EU.)
It's easy to use confusing wording when discussing the EU as a place with certain common traits but not necessarily the EU organization.
This happens when discussing America, too, as most of our laws and taxes are also not national.
Don't they have some crazy ai safety framework?
The AI Act prohibits eight practices, namely:
- harmful AI-based manipulation and deception
- harmful AI-based exploitation of vulnerabilities
- social scoring
- Individual criminal offence risk assessment or prediction
- untargeted scraping of the internet or CCTV material to create or expand facial recognition databases
- emotion recognition in workplaces and education institutions
- biometric categorisation to deduce certain protected characteristics
- real-time remote biometric identification for law enforcement purposes in publicly accessible spaces
Do they have a reasonable enforcement mechanism? The problem with passing all these rules without a streamlined enforcement mechanism is that you chill development
Of course not. But do we say that Sam Altman is attracting all this money because he's a douche? I don't mind that conclusion. But I also don't think that that has a bigger influence than a state pension at 55, with an aging population, that needs to be funded through productivity, that in turn will be massively taxed, that in turn will make productive people leave for elsewhere.
Fair enough. The Europeans get very upset when anyone tries to touch their pensions. That by itself makes me pish posh all their moral posturing against the US.
It really varies from country to country so it's hard to generalize. Just like I had a completely different experience in CA than I had in PA.
I don't think there's a lot of moral posturing with the people though. That's just the EU leadership. These are unelected bureaucrats. I think most Europeans are pro-trade, pro-peace, pro-growth. Just, if you've worked for 35 years under the promise that that's it and then you can chill, then it's fucked up to break that promise.
In my (now EU) birth country they did address this mostly and if I were to still be a resident there, my pension age would be 69, barring any future updates, which are always possible.
One of the main reasons productivity is so low is that the EU bureaucracy is smothering the private sector, though.