Re:Europe is in danger of regulating its tech market out of ...
by pyrale on Saturday July 27, 2024 @01:48AM
(#41084676)
> But we also need the people who do like risk taking and new stuff
The issue with that is that risk is usually not borne by the people getting rewards.
Re:Europe is in danger of regulating its tech market out of ...
by voltaireodactyl on Saturday July 27, 2024 @05:30AM
(#41085445)
In theory I agree with your argument, but in practice I find it’s very often the AI and other dominant companies — often tech — that are at the root of the risk averse landscape you observe. To put it simply, major tech companies are among the greatest driving forces of that landscape because they would prefer to operate without any competition.
My point being “letting the risk adverse take risks” is not the same thing as “don’t rein in VC backed attempted monopolies”. You can do the latter without doing the former (theoretically of course; in practice doing the latter is impossible without a substantive change in the underlying incentive structure of current global society).
But we also need the people who do like risk taking and new stuff, and there's less of them. So innovation is much more of a fragile thing than stasis.
Even if you think society and human life in general can't be improved in any way, to just maintain the way things are now...will require many new innovations and people taking risk on new stuff. Your welfare, lifestyle, and security depends on the risk taking of others. So we should probably be careful about making it too hard for the folks taking risk (it's already hard enough).
Trust me, the risk-averse folks will still be the dominant voice either way. Even this forum--which started as a community of risk-taking entrepreneurial types--is now dominated by the risk-averse majority.