Earlier quoted context omitted.
Europe is able to do this because the US subsidizes their existence. 1. Pharma companies develop drugs with US subsidies and make their profits off US citizens while European countries put price ceilings on their drugs. 2. US essentially defends the world, allowing other countries to spend money elsewhere. http://www.ibtimes.com/how-us-subsidizes-cheap-drugs-europe-...
> Pharma companies develop drugs with US subsidies and make their profits off US citizens while European countries put price ceilings on their drugs. You conveniently forget the European drug companies who develop drugs—and completely pay for the research—while negotiating price ceilings, and then export the same drug to the US, selling it 5x the price for pure profit (minus distribution/marketing/lobby costs). Discl…
The U.S. is risking an academic brain drain
111–120 of 207 posts
Re: The U.S. is risking an academic brain drain
#112Earlier quoted context omitted.
Of course US does. We really need to acknowledge that. Don't believe it? Support US withdrawing from mutual defense pacts with South Korea and Japan and NATO.
>Support US withdrawing from mutual defense pacts with South Korea and Japan and NATO. I wouldn't support the US reneging on its current security agreements, particularly with Japan, since we forced them into their current pacifist regime, but if South Korea, Japan and/or NATO wanted the US out, I wouldn't oppose it. I'm afraid there's a point at which America's overwhelming military, cultural and political dominance…
Why? If US does nothing for their security, then there's zero point of US spending money on it. It is like code - if the line is NOOP, then it should just go.
Re: The U.S. is risking an academic brain drain
#113Earlier quoted context omitted.
Europe is able to do this because the US subsidizes their existence. 1. Pharma companies develop drugs with US subsidies and make their profits off US citizens while European countries put price ceilings on their drugs. 2. US essentially defends the world, allowing other countries to spend money elsewhere. http://www.ibtimes.com/how-us-subsidizes-cheap-drugs-europe-...
The US chooses to do this though. The US can stop doing this anytime it wants to, nobody is forcing us to. If we don't like subsidizing Pharma companies maybe it should just stop doing it. It's not like Europe is asking us to. Similarly, I'm all for closing bases. If the US wants to close bases and cut military spending, who's stopping us?
Re: The U.S. is risking an academic brain drain
#114Earlier quoted context omitted.
Perhaps I'm too optimistic, but I think everything America needs to succeed and grow can be found right here in America. The problem is that it's sometimes cheaper to import foreign labor, or export domestic production.
Einstein, von Braun, Musk, Brin. Immigrants are more than cheap labor. edit just for a bit more diversity: Madeleine Albright, Schwarzenegger, Ang Lee, Tesla, Fermi, Audrey Hepburn, Sataya Nadella, Jerry Yang, Cary Grant... edit 2, correction: Ang Lee's Wikipedia page says he's a resident and not a US citizen. Another alien undercutting US labour like James Cameron and Ridley Scott.
I don't want to start an immigration argument, but the skills based system that has been proposed and was in place in Canada would have let Einstein, von Braun, Brin, Fermi, Yang, Albright, etc. into the country.
Re: The U.S. is risking an academic brain drain
#115> The U.S. is risking an academic brain drain He got a good offer from his home country. Isn't that a good thing that he gets to go home to his country and contribute there? he fact they can spare $250k for him to buy a house and $1M in grant money says a lot about China. Having been in academia for a bit, it seemed there was an oversupply of PhD in some fields. There are just not going to be enough university teachi…
$1M is a typical US startup fund, if not a little low. The $250k for a house is weird, but in the US we make deals like spousal hires that might seem strange in other places.
Re: The U.S. is risking an academic brain drain
#116Earlier quoted context omitted.
Einstein, von Braun, Musk, Brin. Immigrants are more than cheap labor. edit just for a bit more diversity: Madeleine Albright, Schwarzenegger, Ang Lee, Tesla, Fermi, Audrey Hepburn, Sataya Nadella, Jerry Yang, Cary Grant... edit 2, correction: Ang Lee's Wikipedia page says he's a resident and not a US citizen. Another alien undercutting US labour like James Cameron and Ridley Scott.
Bad examples. Legal immigrants are different from "cheap labor" (H-1B and seasonal/temporary workers for example) which does depress wages. Once you have a green card you can demand higher wages and threaten to pack up and move to the competition. I don't want to start an immigration argument, but the skills based system that has been proposed and was in place in Canada would have let Einstein, von Braun, Brin, Fermi…
Re: The U.S. is risking an academic brain drain
#117While I don't feel that there is risk of brain drain because of the reasons listed in the article, I do believe there is that risk. To be honest, even though many European countries don't pay as much as the US for the same job, I found much more comfort around the ideas pushed in those countries. The culture I found in Sweden for instance is one that is much better for the employees than the fast-paced top-gun style…
I found this to be pretty much a very biased subjective analogy. I am a european so I hope my "anti-european-rant" will be better accepted but lets see... Europeans often have this illusion of a working social democracy compared to the US suggesting their by default offered benefits to be superior to the offers from the US. That's not the case. In a lot of middle-income-class positions you get most of the things you…
When I used to work in Netherlands, regular employees only worked 4days / week for 36 hrs. They would take a day off in the middle of the week.
Having experienced both, the European work life is much more preferable to me, especially when you have a family.
Re: The U.S. is risking an academic brain drain
#118> Canada, France and China have been most open and aggressive about seeking out foreign talent studying in the United States. Financially, China's offers appear to be the most attractive. This was an amazing thing for me how China can pay more than Europe (and America). How the world has changed in just a few decades.
Re: The U.S. is risking an academic brain drain
#119While I don't feel that there is risk of brain drain because of the reasons listed in the article, I do believe there is that risk. To be honest, even though many European countries don't pay as much as the US for the same job, I found much more comfort around the ideas pushed in those countries. The culture I found in Sweden for instance is one that is much better for the employees than the fast-paced top-gun style…
> Well in Europe you usually get your 2 weeks Are there EU nations that give so little paid vacation? At least in the West, I think at least 3 weeks (non contiguous) is the norm...
Re: The U.S. is risking an academic brain drain
#120Earlier quoted context omitted.
the article notes that US universities take 50% of a professor's research grant as operating overhead! (in China it's 10%.) maybe US universities are just not efficient enough. maybe US universities are basically bloated, government subsidized fat-cats that cannot compete in the global marketplace.
The university system was the envy of the world when it was run like a government program. It was only when we started running them like businesses that the system has gone pear-shaped.
but it raised a question i couldn't answer: how do such unproductive blobs of corporate greed survive at all? i mean, if it's not government subsidies. is it some sort of protectionist regulatory regime (e.g. sort of like the TBTF Wall Street banks enjoy)? some kind of collusion? a secret cartel?