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
    Mike, 14 Jun 2007 @ 9:47pm

    Re: U.S. is FUBAR

    Then dont buy it. Dont download it. Dont share it. Dont use it. Dont do a thing. When MILLIONS of us, the other 95%, get our act together and work in sync - then we can destroy whatever it is that we dont agree with.

    That is, of course, IFF we all agree with each other. Imagine that. We could topple the music industry in 3 months. DONT BUY A THING. Same goes for movies. Just dont go. Period. If you dont think you can find anything else to do with your time, then call me - I've got plenty of work needing to be done around the house, the garage, the lawn, weeding, oh - yea - and coding too.

    I have long since stopped contributing as a consumer. I'd rather sit back and watch the rest of you waste your money.

    :-)

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