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Problem with the EU/Europe it is still the old companies from more than 100 years ago that is dominating the economy and they influence the legislative process,
by fetbaffe 8y ago
Problem with the EU/Europe it is still the old companies from more than 100 years ago that is dominating the economy and they influence the legislative process, education systems & job markets etc.
This is at least true for Sweden. Take a look on the OMX Stockholm 30 index, consists of the 30 most-traded stock on the Stockholm stock exchange.
https://en.wikipedia.org/wiki/OMX_Stockholm_30 https://en.wikipedia.org/wiki/OMX_Stockholm_30
If you trace the origins of these companies the youngest was created in the 80-thies for Comviq that later became Tele2 (created in 1997)
Basically all of the others are from the 50-ies or before, many founded in 19th century.
- tajen 8y agoProblem in Europe is that there’s always a chase against rich people, too. One could not build Apple in France, they would get mugged – at best you get laws against the concentration of money. Meanwhile you get benefits if your startup is in one of the approved sectors and employing doctorates. You don’t get money if you are just reusing proven tech like Apple does; You have to do research. That means we fund research a lot, while we tax implementation. I guess it’s mostly great for competing countries. And thus, the economy is mostly guided in Europe, as opposed to innovative.
- fetbaffe 8y agoYes, and I think we can sum it up with Europe = old money, US = new money. It is hard to become rich in Europe, families that are rich became rich a long time ago.
- zerealshadowban 8y agotajen, the vast majority of your comments are marked [dead] and thus invisible -- it looks like you were shadow-banned two months ago.