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Some interesting observations, but I think the title is poor (I'm not American, I'm not saying this because I feel threatened or insulted). Something reflecting
by patrickk 16y ago
Some interesting observations, but I think the title is poor (I'm not American, I'm not saying this because I feel threatened or insulted). Something reflecting that fact that the US domestic market is waning in importance would be more accurate (but less provocative from an editor's POV).
The EU, taken as a single market, is the largest global market in terms of sheer spending power - it has a bigger population than the US (half a billion plus, vs. 307 million in the US). China is growing rapidly, but is still a very poor country currently. Of course, you cannot treat the EU as a single market in practical terms, because of language differences (even within the same country e.g. Switzerland), different laws and customs. The US, by comparison, is a far more homogenous unit (easier to sell into from a startups' perspective, European startups probably have to go international from day one, which is a big drawback from doing a startup in Europe).
I certainly don't think the American people are becoming obsolete - the world is still very US-centric, for better or worse. Just think, if an article like this came out before the crash of 2008, the author would be branded as an unpatriotic commie.
EDIT: I just read down to the end of the article, and it's mostly bullshit speculation with no supporting evidence for the author's fanciful claims.