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American domination. Hear me out before you downvote... The EU has very little IT innovation. Their biggest internet’s company has less than 50 million in 201
by MR4D 7y ago
American domination. Hear me out before you downvote...
The EU has very little IT innovation. Their biggest internet’s company has less than 50 million in 2018 profit [1]. SAP I a contender, but that’s pretty much it for software.
The Japanese have Sony and Hitachi, but Hitachi also makes power plants, so not really comparable.
The Chinese either aren’t trusted, or won’t be after the Trump admin is done with them (see ZTE and now Huewai cases).
The only real player left is Samsung, but that’s only one company for the South Koreans to have lead. One stumble, and they fall behind.
The US is the only country has has tons of capital spent on innovation that is used around the world, and many companies doing it (so if one fails, the rest will keep chugging along).
Countries that wall themselves off from the rest of the world are going to have to figure out how to fund technology (or just steal it, when possible), and that is not cheap. Trying to keep up a walled garden is going to restrict the productivity of its workforce. Added to demographic challenges facing many countries (Japan, Russia, Germany, China, etc.), and this gets even harder.
I just don’t see a way for this to change. I’d love to see more global competition (Linux was a great example, basically upsetting the American apple-cart, but with walled gardens, that’s unlikely to play out again.
- danielscrubs 7y agoIt’s not that weird. In USA you can buy political power openly. This creates a positive spiral for companies which in turn creates a better environment for other companies. Best place to invest? Yes! Do I want to live there? Maybe not (many do though).