US Not Alone In Worrying About Competitiveness

from the them-too dept

Earlier this year the World Economic Forum put out a report proclaiming that the US was no longer the world's hotbed of innovation and that Denmark had assumed the top spot. The warning about US competitiveness was nothing new, but this particular report seemed to ring a little bit hollow, considering that there don't seem to be a whole lot of Denmark-based companies making big waves. It seems, however, that these worries aren't unique to the US. A new report from the European Commission warns that the EU is falling behind in terms of R&D spending, and that the money that is invested in R&D tends not to be as productive as the money that's spent on R&D in the US. The report also warns that, as a percentage of GDP, R&D spending in Europe will soon be surpassed by China. Considering the way many European economies are structured (it's got to be hard to run a tech startup in France, where there's a mandatory 35-hour work week), this report seems plausible, though mainly it just reinforces the idea that the US is not alone in feeling like it's falling behind.

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  1. identicon
    Downward Spiral, 12 Jun 2007 @ 7:20pm

    U.S. is FUBAR

    Where is the industrial base going? The economy is turning into an intellectual property economy... Copyright is twisted far beyond what it was meant to be. It runs forever now so the leaches will keep sucking the money out of you for "content" forever or until the world is struck down in fire and brimstone. Who gains from forever copyright? No one but the top 5% elite rich. The rest of us turn into working class poor who owe for the rest of our lives. Look at South Korea forced to adopt such harsh copyright standards that forbid fair use such as turning your CD into MP3 files for your mobile player. This is the future plans for U.S. businesses to make money off you. They will force you to rent for life, but never own any audio, video, or software. Every month you will pay a fee to keep using it. The online music you pay monthly for is a fine example. Close your account and watch the files stop working(No cheating by using some crack to break them free of DRM).

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