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I can't think of a single major cutting edge tech company in Europe besides Spotify. I know there are money makers like SAP but I don't see them as innovative o

I can't think of a single major cutting edge tech company in Europe besides Spotify. I know there are money makers like SAP but I don't see them as innovative or cutting edge. I think Europe needs to look long and hard in the mirror and realize that most of its policies are not working. You have sky high cost of living, a failed covid-19 vaccine rollout(due to the EU bureaucracy trying to nickel and dime vaccine makers), one of the biggest falling birth rates in the developed world, a welfare state that will fail in a generation or two due to not enough workers to support it(and too many non working retirees). I know the US and other Asian countries have these issues with birthrates as well but they do have economies that are innovative and build companies and products the world uses, the EU has barely any of these things expect a passion to push useless regulation on people actually doing work across the pond(thanks GDPR and putting out these annoying pop-ups on every site I visit). Prediction: by 2040 Europe will be in really bad shape, its main industries like automotive will be woefully behind Tesla and a slew of Asian automakers. Its non-existent AI efforts will mean it will be a backwater of technical innovation clinging on to the coattails of US and Chinese technology. Its welfare state will have become insolvent due to too many retirees and not enough workers. I don't see it surviving in its current form for another 20-30 years.

chorsestudios 3y ago
ARM Holdings and ASML are both European
- ginko 3y ago
  Or ASML, or Biontech. If anything, Spotify is a glorified streaming webapp. I wouldn't call that high tech.
charles_f 3y ago
I shouldn't respond to troll... > I think Europe needs to look long and hard in the mirror and realize that most of its policies are not working Because for sure all the policies that lead to people not having any sort of medical coverage, bills $200 for insulin vials that cost a couple $ to make, produces electricity mainly by burning stuff, has one of the highest murdering rate of any develop country, the highest incarceration rate of the world, has police randomly kill people in the street because their color was suspect, has its policies figured out. > a failed covid-19 vaccine rollout Wait, are you living in the US? The same US that was for a long time riding the highest part of the COVID train despite being the last to be hit? > EU bureaucracy trying to nickel and dime vaccine makers Being pissed at the very same pharmaceutical companies you gave billions to research a vaccine, now trying to pretend it never happened and didn't help, and trying to do something about it, is so 2019. > The US and other Asian countries have these issues with birthrates as well but they do have economies that are innovative The only thing that matters is innovation and building Twitter or TickTok. Never-mind other things like making sure people don't die of diabetes, or non-computer related industries like aeronautic, nuclear, automotive, and others in which Europe is still very much relevant. > Prediction: by 2040 Europe will be in really bad shape [..] I don't see it surviving in its current form for another 20-30 years. The extreme capitalism going on in the US, on the other hand, is working great, and can last forever. We're not all going to our doom.
- subsubzero 3y ago
  I never said anything about the US system being all flowers and roses, my main critique is the EU system is not working in its current form, let me give you citations as you are just throwing unrelated stuff out about the US's shortcomings and not actually citing any of my issues with the EU which are very apparent. > a failed covid-19 vaccine rollout [1] [1] - https://www.nytimes.com/2021/05/17/opinion/europe-vaccines-commission.html https://www.nytimes.com/2021/05/17/opinion/europe-vaccines-c... and https://www.statista.com/chart/24471/covid-19-vaccine-doses-per-100-people/ https://www.statista.com/chart/24471/covid-19-vaccine-doses-... > EU bureaucracy trying to nickel and dime vaccine makers The effective mrna vaccines(moderna/pfizer), and non-mrna(JnJ) were funded under operation warp speed in the US, and when the vaccine makers were negotiating with the EU, the EU tried to get absolute rock bottom prices which led to shortages and needless deaths[2]. [2] - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8426978/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8426978/ and https://unherd.com/2021/02/why-the-eu-lost-the-vaccine-war/ https://unherd.com/2021/02/why-the-eu-lost-the-vaccine-war/ > The US and other Asian countries have these issues with birthrates as well but they do have economies that are innovative Because Germany closing all of its clean nuclear power plants is innovative? [3] [3] - https://www.cnbc.com/2023/04/18/germany-shuts-down-last-nuclear-power-plants-some-scientists-aghast.html https://www.cnbc.com/2023/04/18/germany-shuts-down-last-nucl... You mentioned diabetes like it isn't prevalent in the EU, well lets debunk that quickly[4], the UK, Germany and Italy all had more diabetes deaths than the US(all data from 2021): [4] - https://www.statista.com/statistics/1081226/diabetes-related-deaths-in-europe/ https://www.statista.com/statistics/1081226/diabetes-related... and for the US - https://www.cdc.gov/nchs/fastats/diabetes.htm https://www.cdc.gov/nchs/fastats/diabetes.htm
  - twixfel 3y ago
    The average American has the same life expectancy as the people from the shittiest and most impoverished part of my European country. The problem with US health and healthcare is real and much worse than in Europe.
    - subsubzero 3y ago

chorsestudios 3y ago

ARM Holdings and ASML are both European

ginko 3y ago
Or ASML, or Biontech. If anything, Spotify is a glorified streaming webapp. I wouldn't call that high tech.

charles_f 3y ago

I shouldn't respond to troll... > I think Europe needs to look long and hard in the mirror and realize that most of its policies are not working Because for sure all the policies that lead to people not having any sort of medical coverage, bills $200 for insulin vials that cost a couple $ to make, produces electricity mainly by burning stuff, has one of the highest murdering rate of any develop country, the highest incarceration rate of the world, has police randomly kill people in the street because their color was suspect, has its policies figured out. > a failed covid-19 vaccine rollout Wait, are you living in the US? The same US that was for a long time riding the highest part of the COVID train despite being the last to be hit? > EU bureaucracy trying to nickel and dime vaccine makers Being pissed at the very same pharmaceutical companies you gave billions to research a vaccine, now trying to pretend it never happened and didn't help, and trying to do something about it, is so 2019. > The US and other Asian countries have these issues with birthrates as well but they do have economies that are innovative The only thing that matters is innovation and building Twitter or TickTok. Never-mind other things like making sure people don't die of diabetes, or non-computer related industries like aeronautic, nuclear, automotive, and others in which Europe is still very much relevant. > Prediction: by 2040 Europe will be in really bad shape [..] I don't see it surviving in its current form for another 20-30 years. The extreme capitalism going on in the US, on the other hand, is working great, and can last forever. We're not all going to our doom.

subsubzero 3y ago
I never said anything about the US system being all flowers and roses, my main critique is the EU system is not working in its current form, let me give you citations as you are just throwing unrelated stuff out about the US's shortcomings and not actually citing any of my issues with the EU which are very apparent. > a failed covid-19 vaccine rollout [1] [1] - https://www.nytimes.com/2021/05/17/opinion/europe-vaccines-commission.html https://www.nytimes.com/2021/05/17/opinion/europe-vaccines-c... and https://www.statista.com/chart/24471/covid-19-vaccine-doses-per-100-people/ https://www.statista.com/chart/24471/covid-19-vaccine-doses-... > EU bureaucracy trying to nickel and dime vaccine makers The effective mrna vaccines(moderna/pfizer), and non-mrna(JnJ) were funded under operation warp speed in the US, and when the vaccine makers were negotiating with the EU, the EU tried to get absolute rock bottom prices which led to shortages and needless deaths[2]. [2] - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8426978/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8426978/ and https://unherd.com/2021/02/why-the-eu-lost-the-vaccine-war/ https://unherd.com/2021/02/why-the-eu-lost-the-vaccine-war/ > The US and other Asian countries have these issues with birthrates as well but they do have economies that are innovative Because Germany closing all of its clean nuclear power plants is innovative? [3] [3] - https://www.cnbc.com/2023/04/18/germany-shuts-down-last-nuclear-power-plants-some-scientists-aghast.html https://www.cnbc.com/2023/04/18/germany-shuts-down-last-nucl... You mentioned diabetes like it isn't prevalent in the EU, well lets debunk that quickly[4], the UK, Germany and Italy all had more diabetes deaths than the US(all data from 2021): [4] - https://www.statista.com/statistics/1081226/diabetes-related-deaths-in-europe/ https://www.statista.com/statistics/1081226/diabetes-related... and for the US - https://www.cdc.gov/nchs/fastats/diabetes.htm https://www.cdc.gov/nchs/fastats/diabetes.htm
- twixfel 3y ago
  The average American has the same life expectancy as the people from the shittiest and most impoverished part of my European country. The problem with US health and healthcare is real and much worse than in Europe.
  - subsubzero 3y ago