Startups won't do shit to save the economy. 1 in 100 startups will work, the rest will die in less than 2 years. These aren't tools to restart the economy, they're tools for the wealthy to make blanket investments and end up making $$$ on the next apple or tesla. On top of that: 1990 Mountain View culture is a far cry from 2021 Italy, a "startup" in the modern neoliberal sense, especially in Europe, has absolutely nothing to do with what it used to be

The entire system lives of credits and debts in the hope of "digitization" saving us all, when the current ai/big data/automation/crypto bubble bursts it's going to be a shitshow and hopefully a wake up call

so striking that there are so few perceived opportunities left in the world. this article is about "digitization" not being sufficient to repair an economy, but what is? what uses are there for people? what do we try to become?

it's certainly chilling to me that here in the US the service industry had been taking an ever growing share of economy. i could use a better outlook for sure but it feels like the industry of attending to the wealthy, only productive in a certain light.

I too hope that Italy's new prime minister won't waste money in financing startups. The issue of Italy is primarily cultural: it's stubbornly resistant to any change, blocked by an obtuse bureaucracy and an even worse judiciary (with a supreme court that regularly mangles or reverts any law meant to modernise the job regulations, for example). People are unprofessional, hiring doesn't follow any rigorous process, companies are often entirely controlled by their owner with very little input from the upper management. The language barrier makes it impossible to hire talents from abroad.

To break this provincialism, Italy desperately needs to change its business culture. Encouraging startups pretending they can be as effective as US ones, in this context, would be just silly.

Flagged. Not sure we want extreme far left media here that have a history of promoting and excusing left-wing violence(1,2) and advocate for the violent overthrow of governments. If HN bans breitbart, then it should certainly ban the socialist worker, the guillotine-loving jacobin, maoist international movement, etc.

(1) Here is the article excusing the shooting of multiple republican members of congress by a member of the Bernie campaign staff. https://www.jacobinmag.com/2017/06/steve-scalise-shooting-ri...

(2) Here is Jacobin excusing violence against Christians in Syria. https://www.jacobinmag.com/2017/01/syria-war-crisis-refugees...