<story><title>Arm Announces Public Filing for Proposed Initial Public Offering</title><url>https://www.arm.com/company/news/2023/08/arm-announces-public-filing-of-registration-statement-for-proposed-initial-public-offering</url></story><parent_chain><item><author>msy</author><text>The UK has a long intellectual tradition which creates a steady stream of creative and capable engineers. Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk. As a consequence there is low appetite for risky new ventures and those that want to undertake them mostly migrate elsewhere. What&amp;#x27;s left is a stock market dominated by octogenarian+ dianosaurs, a decaying rump of manufacturing, a finance sector that mostly makes its bread laundering the capital of the world&amp;#x27;s corrupt and corruptors and a tiny creative industry that clings on despite suffering through  waves of either government neglect, or worse yet, government interest.</text></item><item><author>sapiogram</author><text>&amp;gt; which I&amp;#x27;d categorise as being generally apathetical, if not hostile, to the engineering profession&lt;p&gt;Any chance you could elaborate on this? Arm exists and is British, after all.</text></item><item><author>DaiPlusPlus</author><text>&amp;gt; Bit of a downer for the UK to see them list in the US&lt;p&gt;I wonder to what extent the overarching business culture of the UK (which I&amp;#x27;d categorise as being generally apathetical, if not hostile, to the engineering profession) might have anything to do with it.&lt;p&gt;(...speaking as a former UK eng myself)</text></item><item><author>Thev00d00</author><text>Bit of a downer for the UK to see them list in the US, I do understand they just want access to the most capital, but I find a shame LSE is not competitive for this kind of thing.</text></item></parent_chain><comment><author>bartread</author><text>&amp;gt; want rentier incomes with low risk.&lt;p&gt;I don&amp;#x27;t know if I buy your point about inherited wealth but there is what I&amp;#x27;d describe as a stifling culture of rentseeking that, if not actively encouraged is certainly tolerated and overlooked, at many levels of society, and across both businesses and public organisations. And once you become aware of it you start to realise how obnoxious and oppressive it is.&lt;p&gt;We certainly don&amp;#x27;t lack for talent, but we&amp;#x27;re very good at suppressing or wasting it.</text></comment>
<story><title>Arm Announces Public Filing for Proposed Initial Public Offering</title><url>https://www.arm.com/company/news/2023/08/arm-announces-public-filing-of-registration-statement-for-proposed-initial-public-offering</url></story><parent_chain><item><author>msy</author><text>The UK has a long intellectual tradition which creates a steady stream of creative and capable engineers. Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk. As a consequence there is low appetite for risky new ventures and those that want to undertake them mostly migrate elsewhere. What&amp;#x27;s left is a stock market dominated by octogenarian+ dianosaurs, a decaying rump of manufacturing, a finance sector that mostly makes its bread laundering the capital of the world&amp;#x27;s corrupt and corruptors and a tiny creative industry that clings on despite suffering through  waves of either government neglect, or worse yet, government interest.</text></item><item><author>sapiogram</author><text>&amp;gt; which I&amp;#x27;d categorise as being generally apathetical, if not hostile, to the engineering profession&lt;p&gt;Any chance you could elaborate on this? Arm exists and is British, after all.</text></item><item><author>DaiPlusPlus</author><text>&amp;gt; Bit of a downer for the UK to see them list in the US&lt;p&gt;I wonder to what extent the overarching business culture of the UK (which I&amp;#x27;d categorise as being generally apathetical, if not hostile, to the engineering profession) might have anything to do with it.&lt;p&gt;(...speaking as a former UK eng myself)</text></item><item><author>Thev00d00</author><text>Bit of a downer for the UK to see them list in the US, I do understand they just want access to the most capital, but I find a shame LSE is not competitive for this kind of thing.</text></item></parent_chain><comment><author>deskamess</author><text>Canada has many similarities. The inherited wealth is essentially banks and oligarchs. You pretty much have to be risk free to get any funding. Lots of window dressing and marketing to make Canada look good. If it were not for US companies (Cisco, Google, etc) the Canadian tech salary would be closer to Europe. Once you start living here you realize the truth about how much they value tech, protectionism, the incompetence of the telecom sector, stodgy banking and finance, poor education, unaffordable housing, and declining access to health (Ontario and stories from the Maritimes since health is provincial - cannot speak of Alberta&amp;#x2F;BC&amp;#x2F;etc).&lt;p&gt;All subpar but the marketing and virtue signaling is great. A lot of &amp;#x27;make Canada look good&amp;#x27; comes at the expense of Canadians.</text></comment>