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> I've spoken with Hauser about this - his point (in 2012 when I had the conversation) was that the UK simply did not have access to a market big enough to supp
by oblio 4y ago
> I've spoken with Hauser about this - his point (in 2012 when I had the conversation) was that the UK simply did not have access to a market big enough to support a global champion.
Samsung, Hyundai/Kia, TSMC, Toyota, etc.
A lot of local brands have figured out that you can bootstrap a product locally and then just focus relentlessly on the American market, after which you can practically conquer the world.
Asian companies for some reason do this well. European companies fail horribly.
- distortedsignal 4y agoThe South Korean companies that you're thinking of (Samsung, LG, Hyundai) might have had a leg-up from some friendly government policies. Check out the history of Chaebol [1] in S. Korea. [1] https://en.wikipedia.org/wiki/Chaebol https://en.wikipedia.org/wiki/Chaebol
- oblio 4y agoDoesn't matter. So do the zaibatsu of Japan. There are European companies that are just as big, in various fields, they just don't have the same mindset.
- sgt101 4y agoThe market that they access is essentially the USA. They got allowed in for political reasons and the USA can tolerate that.