News for hackers. Stuff that matters.

A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by treden on Wednesday December 11, 2019 @02:28AM (#21760368)
European cities have much higher population density, and the lower personal income (often via higher taxes and, ironically, worker protection laws) changes the tradeoff between driving and taking pub trans, so more people take the bus. The tradeoff is that a lot of people live in small boxes.

And european governments have plenty of bs job creation engines like roadwork, too.

Would be nice to have some data. One related observation, that seems less surprising the longer I live here, is that europe has no spacex, google, tesla, nasa, coherent mars rovers, the list goes on... if you give people stuff, they're mostly just afraid someone's going to take it away. But yeah, to echo someone else's comment, I'd rather be poor, or even average, in Europe. I guess being super wealthy here wouldn't be that bad either, since nobody's nipping at your heels.

[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by maeln on Wednesday December 11, 2019 @04:40AM (#21760968)
> europe has no spacex, google, tesla, nasa, coherent mars rovers, the list goes on...

The European Space Agency, Airbus, a huge number of car manufacturer, ... It's not surprising that the #1 economy in the world has more big company than the #3 one (when they decide to group). A lot can be said also about the American culture and politics when it comes to entrepreneurship. But presenting Europe like its devoid of any important industry is also outright false :) .

[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by reallydontask on Wednesday December 11, 2019 @04:24AM (#21760891)
> And european governments have plenty of bs job creation engines like roadwork, too.

Do you really think that there isn't economic value in roadworks?

[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by dillonmckay on Wednesday December 11, 2019 @05:43AM (#21761268)
US BS job creation is in healthcare, particularly insurance processing and billing, not roads.
[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by sschueller on Wednesday December 11, 2019 @06:33AM (#21761532)
Printing paper checks in the 21st century....
[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by imtringued on Wednesday December 11, 2019 @07:00AM (#21761656)
>that seems less surprising the longer I live here, is that europe has no spacex, google, tesla, nasa, coherent mars rovers

These lists are meaningless. I can do the same thing and get smug about Intel, TSMC and Samsung buying EUV equipment from Europe.

[ Parent | on HN ]