[ExI] The Problem With Counterfeit People

[efc at swisscows.email]

On Thu, 18 May 2023, Gadersd via extropy-chat wrote:

>> In fact, I fear that the EU, as always, will stifle this wave of innovation as well and fall behind in yet another area.
>
> Do you think the EU will experience a massive brain drain as people move where AI is more accessible? Would this possiblility incentivize the EU to soften its regulations? I don’t see how an advanced economy can remain advanced and competitive without embracing new technologies that other nations adopt.
>

I not only think the EU will experience a massive brain drain, I think
the EU _is_ experiencing a massive brain drain at the moment. It is a
region with the worlds highest taxes and most burdensome administration,
and with increased EU control over its member countries, my opinion is
that it is moving more and more towards socialism as the year go by.

If we zoom in on sweden, many entrepreneurs have left, so for instance
companies such as Ikea, Tetrapak, Skype, Minecraft, Yubikey, Candy crush 
and more are either based outside sweden (today) or the founders did
start their companies in sweden, but decided to sell to american
companies.

IT is a bit blessed in that you can create huge value with few
employees. Looking at traditional companies, Volvo is partly chinese,
Absolut vodka was sold and so on.

So sweden has been very socialist and paid its price in lowered quality
of life and lowered disposable income throughout the years. I think the
EU will follow Swedens example and unless people awaken to this reality
(which I doubt, since this is a slow, multi generational decline) the EU
will be a low cost producer and tourist paradise in the future.

Best regards, 
Daniel