Wednesday

25th May 2022

EU should keep out of innovation's way, Wikipedia-founder says

  • Wikipedia-founder Jimmy Wales says that to encourage innovation, policy-makers should keep out of the way (Photo: Wikipedia)

To encourage innovation in Europe, policy-makers should just keep out of the way, Wikipedia-founder Jimmy Wales has said.

"I agree with the idea of streamlining and simplification. The only thing is that I would be much more extreme," he told EUobserver on Tuesday (8 May) on the sidelines of a conference in Brussels on EU innovation policy organised by global accounting firm Ernst & Young.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

"The most important thing that Europe needs to do to spur innovation is to eliminate barriers," he added. "To make it easier for investors and entrepreneurs to start businesses and to make it easier to fail."

Compared to his native US, founding a company in Europe is famously burdensome - even though big differences exist between the north and the south of the continent.

In the US, the whole process does not have to take longer than five minutes. In Greece, it can take up to ten months.

Wales, who recently started work as an (unpaid) advisor to the UK government in London, is a strong believer in the free market.

According to Wikipedia, he is “a self-avowed objectivist-to-the-core, referring to a philosophy emphasizing reason, individualism and capitalism”.

He said that government funding often “seems like a way to help, but it actually may be doing more damage than good,” citing “unintended consequences”.

“There is a lot of tax money being spent on things that entrepreneurs and investors would not [spend money on],” he said. “And the reason why they do not is because they make no economic sense.”

The result, said Wales, is that “instead of getting a genuine, world-class infrastructure, you get some sort of government-funded mess that does not quite work.”

Wikipedia founder: European red tape hampering growth
EU reaches deal on flagship cybersecurity law

The European Parliament and EU member states have reached an agreement over new rules intended to protect Europe's public and private critical entities from cyberattacks.

EU Commission won't probe 'Pegasus' spyware abuse

The European Commission says people should file their complaints with national authorities in countries whose governments are suspected of using an Israeli-made Pegasus spyware against them.

Stakeholder

The CPDP conference wants multidisciplinary digital future

During the Computers, Privacy and Data Protection (CPDP) conference, many high-level discussions will touch upon the dynamics of decision-making in the design of new technologies, including the importance of inclusion, diversity, and ethics perspectives within these processes.

EU Commission won't probe 'Pegasus' spyware abuse

The European Commission says people should file their complaints with national authorities in countries whose governments are suspected of using an Israeli-made Pegasus spyware against them.

News in Brief

  1. Dutch journalists sue EU over banned Russia TV channels
  2. EU holding €23bn of Russian bank reserves
  3. Russia speeds up passport process in occupied Ukraine
  4. Palestinian civil society denounce Metsola's Israel visit
  5. Johnson refuses to resign after Downing Street parties report
  6. EU border police has over 2,000 agents deployed
  7. Dutch tax authorities to admit to institutional racism
  8. Rutte calls for EU pension and labour reforms

Stakeholders' Highlights

  1. Nordic Council of MinistersNordic delegation visits Nordic Bridges in Canada
  2. Nordic Council of MinistersClear to proceed - green shipping corridors in the Nordic Region
  3. Nordic Council of MinistersNordic ministers agree on international climate commitments
  4. UNESDA - SOFT DRINKS EUROPEEfficient waste collection schemes, closed-loop recycling and access to recycled content are crucial to transition to a circular economy in Europe
  5. UiPathNo digital future for the EU without Intelligent Automation? Online briefing Link

Latest News

  1. EU summit will be 'unwavering' on arms for Ukraine
  2. Orbán's new state of emergency under fire
  3. EU parliament prevaricates on barring Russian lobbyists
  4. Ukraine lawyer enlists EU watchdog against Russian oil
  5. Right of Reply: Hungarian government
  6. When Reagan met Gorbachev — a history lesson for Putin
  7. Orbán oil veto to deface EU summit on Ukraine
  8. France aims for EU minimum-tax deal in June

Join EUobserver

Support quality EU news

Join us