4 ms·
We're talking companies, not open-source projects, protocols or non-profits. Europe has a bigger population than the US, so listing competitors that are much s
by kingstoned 4y ago
We're talking companies, not open-source projects, protocols or non-profits.
Europe has a bigger population than the US, so listing competitors that are much smaller than their US equivalents is not a good sign.
Those companies located in the EU are mostly owned by US and sometimes Chinese investors. The reverse is not true - most US companies are almost exclusively owned by Americans. Americans own around half of all global financial wealth.
- sva_ 4y agoYeah, tbf the US does a great job at brain-draining other countries.
- kazen44 4y ago> Americans own around half of all global financial wealth. Americans also had the privileged position of being located on a continent that has friendly neighbours, has extensive natural resources at its disposal, and half the continent did not get leveled during two world wars. Not to mention, most of the financial wealth is bound up in dollars (mainly because of the aforementioned historical reasons), which in terms leads to it being stored in the US.
- kingstoned 4y agoYour explanation for why Americans (or anyone else) are rich is incomplete. I suggest you read this paper ("Why Isn't the Whole World Developed? Lessons from the Cotton Mills"): https://faculty.econ.ucdavis.edu/faculty/gclark/210a/readings/clark-why.pdf https://faculty.econ.ucdavis.edu/faculty/gclark/210a/reading...
- latency-guy2 4y agoThe EU before they were unioned spent much of their time colonizing the world for quite a few centuries, where has your empire(s) gold gone? We were never on equal footing in the first place, to beg for it now shows you never planned on there being equal footing at all.
- lillecarl 4y agohttps://youtu.be/BubAF7KSs64 https://youtu.be/BubAF7KSs64 Indeed, the US has always had a geographic upside.