Comment on French President Emmanuel Macron announces €100 billion investments in AI
Eyekaytee@aussie.zone 2 months agoI think the saddest thing here is that Europe has no capital markets union where it’s own private companies should be putting this money in
Europe will always be behind while it’s more difficult to raise funds and do business
This AI is just the latest thing, who knows what else Europe will soon fall behind in
iii@mander.xyz 2 months ago
That, I think, is a symptom not a cause.
The cause is societal: the EU thinks that innovation should come top down. By giving established corporations subsidies, and a large administration that steers them every step of the way. To make sure they do nothing out of the ordinary.
That works if you want to improve car crash safety by 5%. But, ofcourse, that doesn’t work for true, novel ideas.
And it’s not solely a “bad politicians” problem. A majority of Europeans are simply afraid of change, want their 9-to-5 job to look exactly the same for their whole life. The elected reflect their electorate.
Too bad the world changes regardless of you participating.
Canigou@jlai.lu 2 months ago
That is why Europe also has to be on the forefront of wellfair and social protection. There is a lot less risk into innovating if losing your job is less of an issue and if it preserves your ability to spend thus avoiding a hard recession. That’s something EU countries are better at than the US and on which it should capitalise (no pun intended).
iii@mander.xyz 2 months ago
What does that look like?
Canigou@jlai.lu 2 months ago
In France, where I live, good unemployement (keeping arround 80% of your previous revenues during a year or two) and health benefits (100% coverage if you have a, relatively cheap, additional individual insurance). Which has the added benefit of keeping medecine prices pretty low (ie insulin is free for diabetics here).
It should, and could, be even better if they trusted beneficiaries a bit more, and were not constantly harrasing them into accepting shity jobs.
When you earn unemployement benefits, you still pay taxes and the rest of the money you spend keeps the national economy running (which, in turn, also turn in taxes) so financing it isn’t necessarely an issue (even without taxing the 10% wealthiest who manage to mostly avoid it and thus, don’t contribute. While their wealth doubled in the last 20 years, taking inflation into account).
The constant political fight arround those spendings is mostly about the morality of “assisting” unemployed and poor families not an economical balance matter.
rottingleaf@lemmy.world 2 months ago
The EU doesn’t think. A cell of the organism doesn’t think in organ matters, an organ doesn’t think in cell matters.
The EU is just built this way, it’s a union of national governments against anything too mobile or evolutionary in their populations. It’s a confederation designed so that there’ll never be a federation of the same countries. Evolutionary mechanisms devour bureaucracies. But bureaucracies can strangle them.