2 ms·
big tech is driven by vanguard/blackrock ppl (= apple/msft/google(alphabet)/mozilla(via google)/starbucks!/etc) We are talking about tens of thousands of billi
by sylware 4y ago
big tech is driven by vanguard/blackrock ppl (= apple/msft/google(alphabet)/mozilla(via google)/starbucks!/etc)
We are talking about tens of thousands of billions of $. They can sustain significant businesses without "making money" for decades (often for free), then extinguish/buy any competition on economics grounds: patience is virtue... which they can afford easily.
Namely, there is no competition on economics grounds here.
It is like with China and manufacturing: China does decides on the value of its money on the international markets, and has a "strongely driven" labor force, namely you cannot "beat" them on "honest and sane" economic and social grounds.
EU is mostly based on economics: they already "lost" unless they start to define strategic areas (for instance, leading-edge chip manufacturing, with the netherlands and germany at its core, similar to the mostly french-german driven airbus), and make it happen knowing perfectly that very probably, it won't "make money".