4 ms·
The reality is simply that the EU is just not competitive in pretty much any of these industries. I'm actually struggling to think of any industry at all where
by VWWHFSfQ 4y ago
The reality is simply that the EU is just not competitive in pretty much any of these industries. I'm actually struggling to think of any industry at all where EU has produced the market leaders.
- illiarian 4y ago> That’s the reason that it has such a thriving tech ecosystem. By "market leaders" you mean the very many American companies fuelled by unlimited investor money that lose billions of dollars a year with no chance of ever turning a profit?
- scarface74 4y agoOr maybe the top five most valuable tech companies - Microsoft, Apple, Amazon, Facebook, Google. Even if that’s the case, why aren’t investors willing to invest in EU tech companies at the same level?
- illiarian 4y agoHitory, lax laws (esp. around consumer protection) etc. On top of that the US is a rather homogenous market with a single language vs. 27 conuntries with 27 different languages (in reality more) and quite a difference in local laws (even if all are compliant with EU-wide laws). IIRC there's also an expectation in Europe that companies should actually turn a profit at one point (though with influx of American money this is starting to change, too). You still get ASML and Infineon, SAP, Adyen, Amadeus etc.
- malermeister 4y agoIn Software, I can think of Music Streaming and ERP. Outside of Software, aeroplanes and luxury goods come to mind.