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Germany has 80 million people. The US has 330 million. Can you really tell me with a straight face that Germany has 25% of the success examples that the US te
by bpodgursky 5y ago
Germany has 80 million people. The US has 330 million.
Can you really tell me with a straight face that Germany has 25% of the success examples that the US tech industry has?
- wasmitnetzen 5y agoNot in IT, but Germany has quite a few market leaders in "old tech": Cars, logistics (DHL, Schenker), retail (Aldi, Lidl), and a whole lot of B2B niche products. IT isn't a fair comparison, no country in the world can compete with FAANG right now, that's hardly Germany's fault. And still, there's SAP and Deutsche Telekom. Telekom has 50% of Google's revenue. Sure, the market cap is another story, but still.
- bpodgursky 5y agoChina is 100% competing with FAANG. India has a lot of close-second competition. Most of the companies you listed were founded before 1950. That's not at odds with my thesis -- these engineers can continue to drive an already-successful business but will not be able to start something genuinely new.