This is eye-opening. Europe’s share of global tech R&D has collapsed from 23% in 2005 to just 8% today, while the US has climbed to 62% and China has risen from near zero to 15%. South Korea now outspends Germany, France, the UK, and Italy combined in tech R&D. Yep, you read that right.
This is the predictable result of policy choices that systematically favor control and redistribution over growth. Layered regulation, data rules, AI restrictions, labor rigidities, and precautionary frameworks, raises the cost and slows the pace of turning ideas into products, forcing companies to spend scarce resources on compliance rather than experimentation. High taxation and expansive redistributive systems extract capital that would otherwise fund private R&D and risk-taking, while shrinking the after-tax reward for building something new and scaling it. The broader left-leaning mindset that prioritizes equality of outcome over dynamism treats entrepreneurial success as something to be managed, taxed, or shared rather than unleashed and rewarded.
Places that protect the returns to innovation and keep barriers low continue to pull ahead, attracting talent and capital that Europe increasingly loses. Europe’s relative decline is the cumulative outcome of treating dynamism as a problem to be regulated rather than the engine of prosperity. Without a shift toward lighter rules, lower burdens on enterprise, and greater tolerance for unequal outcomes from unequal effort, the gap will keep widening, and Europe will become an open-air museum for wealthy Americans and Asians.
Marc Andreessen: "Europe seems enthusiastic about being left behind...
25 years ago, if you did a list of the 50 biggest tech companies in the world, a pretty significant number of them were European... probably 15 of the top 50.
Today, you're basically down to Spotify. I love Spotify, but that's not what the European tech sector used to be.
They have sort of deliberately disarmed and turned away from technology and progress and capitalism in really profound ways for decades now."
@pmarca speaking to @JTLonsdale and @uaustinorg
In lieu of flowers, memorial contributions may be made to:
Johns Hopkins Alzheimer’s Disease Research Center Fund
https://t.co/luC5CdcWDy
Alzheimer’s Foundation of America Caregiver Resources
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Photo Credit: Tommy Garcia
JPMorgan CEO Jamie Dimon says Democrats have moved too far left, become too anti-business, and lost touch with common sense: “Stop blaming successful people for everything.” 🇺🇸
“I think they just got too far to the left, too anti-business, and too lacking in common sense.
Climate change is a real issue. Did we do a lot of intensely stupid things? We did, and people know that. Did we overdo DEI in a lot of cases? Yeah, we did.
Who thinks that if we give Washington another trillion dollars, it would be well spent instead of going to special interest groups? The inefficiency in the system is extraordinary.”
Stop dragging down America. Stop blaming successful people for everything.
Fix the schools. Lift up lower-paid people. I would double the Earned Income Tax Credit. That’s the best way to get money back in their hands.”
Jamie is a realist and that pisses a lot of people off. It’s what happens when you fail to identify with one party in complete unison. Having the ability to critically think through issues is beyond rare these days and exactly why we as a country have become so divided.
as bad as things have gotten in the past 4 days, they are going to get a lot worse before they get better. security leaders, never let a crisis go to waste: please go to your boards and ask for help right now. not for ai, for the basics. (we need to hold on for ~18 months.)
There’s a world of difference between user-authorized agents (Muse, Instinct, Grokbot, etc.) and true unauthorized/rogue agents that could constitute cyberattacks.
Most of the activity described in the Axios story appears to be the former: customers sharing credentials with agents so they can take actions on their behalf. This may violate bank terms requiring humans to log in themselves, but these are in no way cyberattacks.
The direction banks should go is to support user-directed agents. For example, Amex is an authorized connection in Muse, making it easy for users to grant, limit, and revoke access.
Read-only permission levels are a sensible interim step. Several banks already support or are moving toward them. Full write access (with user credentials) is a different risk category and should be approached carefully.
Frightening the public by blurring the line between user-authorized agentic behavior and cyberattacks is irresponsible.
Elon Musk says SpaceX is using its rocket-engine casting shop to make turbine blades and vanes, the parts that run 12 to 18 months behind the rest of the turbine, so it can bring power online 12 to 18 months faster than anyone else
“So we’re casting the blades and vanes for the turbines. So SpaceX already has a very advanced castings capability that was developed for rocket engines."
"So we have, I think, actually the most advanced casting capability on Earth, because the demands for castings for rocket engines exceed the demands for anything else you could possibly imagine."
"So, taking that incredible team that has, I think, objectively the most advanced casting technology in the world and saying, hey, can you guys also make some blades and vanes for terrestrial turbines is much easier than what they have done in the past."
"And when we talk to the turbine suppliers, they tell us that the blades and vanes are 12 to 18 months behind the rest of the turbine. Meaning they can deliver everything except the blades and vanes 12 to 18 months before they can deliver the blades and vanes."
"So casting is this really difficult bottleneck. And if anything, it seems to be getting worse."
"So that means that we can bring power online 12 to 18 months faster than anyone else."
"That’s the kind of advantage that’s difficult to replicate. Unless someone else is building an advanced casting shop, they will be unable to compete with SpaceX in this regard.”
Let me redo the headline for you @nytimes:
“Criminals loot Paris, beat police and light monuments on fire.
Subhead:
“Citizens are deeply concerned and scared for their personal safety. Election odds predictably swing to law-and-order candidates on prediction markets.”
TRENDING: University of Chicago students are protesting at the CME, demanding an end to the federal ban on onion futures
Student-led group For Our Futures is rallying to call for a repeal of the 1958 Onion Futures Act