Started reading 'Permissionless Innovation' last night. They show how the US has a 'Permissionless Innovation' policy mindset, while the EU has a 'Precautionary Principle' one.
- 'Permissionless Innovation' allows for innovation unless it can be demonstrated that with proof why it should be disallowed.
- 'Precautionary Principle' focus on curtailing innovation until you can prove that it 'will not cause any harm to individuals, groups, specific entities, cultural norms, or various existing laws, norms, or traditions.'
In 2024 each USA working person produced $176,380 vs $93,300 in the EU. I wonder how much is due to this mindset to stop innovation.
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