SV has always been heavily subsidized. A lot of the fundamental tech comes from government research projects. Startups have access to easy capital and there is

SV has always been heavily subsidized. A lot of the fundamental tech comes from government research projects. Startups have access to easy capital and there is no transparency of the 10/1 or 100/1 failures, how this is sustained and where all the money is coming from. There is definitely govt money including from the CIA, NSA at work here. So there is no reason the EU cannot do the same, infact they are late. The open source movement has also played a key role in most of the SV success stories in the recent past. Zuckerberg, Page and others are the celebrated 'free market' 'wealth creators' but the work of Stallman, Torvalds, Rasmus and thousands of others have undeniably added billions of dollars of value. Our currently ideological narrative of 'wealth creators' and 'free markets' completely fails to account and value these and other critical social investments. We make the narratives we want. All the SV money further subsidizes companies like Uber and other startups hungry for market share, who can under price and run out competition in other markets which is dumping. Its just that no one is going after them in Europe and elsewhere yet but the rules are there and can be enforced when needed.