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> We don't want ....[x, y, z] Then why are those US tech companies so successful in the EU with no viable local competitors, if nobody wants them?
by ChuckNorris89 5y ago
> We don't want ....[x, y, z]
Then why are those US tech companies so successful in the EU with no viable local competitors, if nobody wants them?
- pastacacioepepe 5y agoEverybody loves drugs, nobody likes dealers
- ChuckNorris89 5y agoWe can agree to associate social media with drugs, but Microsoft, Apple, AWS and Google are providing consumers with many products for which we have no equivalent competitors locally.
- ddalex 5y agoBut there are local competitors, they just got smothered and bought up by US based corps. Why ? Because the US has a lot more money, which translates to more money for investors to dominate the economic landscape. Why does the US have more money ? Well, if I want to buy an ice cream from the US for a dollar , I first need to sell something to an American for that dollar. US banks can just mint that dollar from thin air
- ChuckNorris89 5y ago>? Well, if I want to buy an ice cream from the US for a dollar , I first need to sell something to an American for that dollar. US banks can just mint that dollar from thin air I don't get this argument as the reverse is also true. If the US wants to buy French cheese and wine, it needs Euros to do that and the ECB can just print Euros out of thin air.
- the_other 5y agoI want to start an Apple competitor. I have a plan; it's interesting, fun and deep. But I lack skills (I'm a FED, not an OS or hardware engineer, and I've not done funding rounds and I only have cheap suits). If I exist, there's likely similar-minded folk out there. (UK here; not quite Europe any more; not my fault or choice)
- spywaregorilla 5y agoDo you really have a plan if you lack the requisite skills?
- bennyp101 5y agoStep 5 of the plan - Find people with the skills to implement steps 1-4
- ChuckNorris89 5y agoEU has an over-abundance of talent due to the great free schools. Finding people with skills is not an issue. It's finding the VC and investors willing to burn through billions in losses years on end hoping that maybe they make a profit one day, that's the problem.
- simion314 5y ago>They why are those US tech companies so successful in the EU with no viable local competitors, if nobody wants them? US tech has too much money they burn it on shit. So any potential competitor is bought, you see some UK AI company pops up then Google buys it and 1 year later you read how Google made huge progress in AI. IMO EU needs to first fix the illegal US companies tax tricks, also fix the Apple software tax or apply a similar tax on closed platforms, "the closed platform tax" , this would mean less money for US SV devs to waste on shit ty stuff and more money for EU devs to try do something better.
- jondwillis 5y agoSo, why are these noble, incorruptible EU-based companies selling out?
- simion314 5y agoFor money, I did not say are incorruptible. I explained why you will not see a FB or Google,Intel,Apple private competitor appear , it will be bought, the competitors will appear from China for sure, they have already mastered the smartphone , they are working on CPUs , I am not into social media but I read that they have pretty good alternatives to US versions too.
- mavhc 5y agoWhy are competitors not viable? Because the USA is a large protectionist market that doesn't like EU companies doing business there? Because USA outspends EU to become dominant? Because even with the EU wide laws, it's still more expensive to follow every local law compared to USA vs USA states?