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> These internal barriers mean Europe has many smaller firms operating at national, not continental, scale. Each country tends to have its own banks, utilities,
by jellicle 5y ago
> These internal barriers mean Europe has many smaller firms operating at national, not continental, scale. Each country tends to have its own banks, utilities, airlines and supermarkets. (Europe has over 100 mobile operators, compared with a handful in America or China.)
But all of that is a tremendous bonus for Europeans, not a penalty.
- chrisseaton 5y agoThere's benefits to larger companies, such as being willing and able to fund bigger research and development projects. There's opportunities at companies like Google that just aren't available at any European company.
- erhk 5y agoWhy should research be private? OpenAI comes to mind. Also open source as a whole is in counter to this.
- chrisseaton 5y ago> Why should research be private? Nobody said it should be so who are you asking this question to? Does Europe have a better way to do research that isn't private? Research output suggests that they do not.
- disabled 5y agoI would give Europe a C- for scaling on R&D funding. The government that probably does the best is the US, and I would give them a B+, because R&D funding is always not enough for public and societal need. This is especially the case with respect to NIH (national institutes of health) research funds.
- N1H1L 5y agoTrue. American tech and telecom is increasingly being looked at as being monopolistic. And this feeling is bipartisan, even if the starting arguments are different for each party.
- PKop 5y agoExactly. People are mistaking "The Economist" and the entities they represent, and their views for what is best for Europeans. I'd say it is a feature, not a bug, that they don't have giant corporations dominating everything.