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> Which of their own tech giants has Europe put into check against their own self-interest? None, because they can't create them to begin with. Europe and USA
by fvdessen 5y ago
> Which of their own tech giants has Europe put into check against their own self-interest? None, because they can't create them to begin with.
Europe and USA are not playing on a level field. The USA has a truly unified market (commerce / law / language) which lets its companies grow faster to monopoly, and from there sheer size and network effect prevent any competition from emerging. It is hard to blame European entrepreneurs from failing to compete with Google / Facebook when Americans can't seem to create any competitive alternative either. The nature of the game is whoever gets to monopoly first wins, and at that game a fragmented Europe is at a fatal disadvantage.
The only counter is to prevent American monopolies from operating in your market to let local companies survive their slower growth. China has applied that strategy successfully, I hope Europe starts doing the same.