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This is such a weird take. The global high tech economy is tightly intertwined. The EU is an integral part of that, and in many areas is doing perfectly fine. F
by Certhas 3y ago
This is such a weird take. The global high tech economy is tightly intertwined. The EU is an integral part of that, and in many areas is doing perfectly fine. Further European policymakers have for the last two decades done an overal excellent job integrating eastern Europe into the Western economic model. Of course first credit belongs to the states themselves, but the border between Germany and Poland used to be one of the largest GDP per Capita drops in the world. Now the difference is marginal. This has happened inside one generation. To accuse them of legislating only for already prosperous societies bears no resemblance to reality.
The Internet and digitalization revolution enabled a few US companies to capture vast amounts of value worldwide simply by being first by having access to the first emerging market for the new tech (and being ruthlessly business savvy). The US being rich and an optimistic consumption culture made that happen. Some of that windfall has been redirected to fun things like boosting Rocket tech, or useful things like boosting EV tech.
Speaking of the latter, I remember a few years ago a lot of people on here were claiming that the US and specifically Tesla had an unassailable lead in Battery Tech. That didn't exactly last long, did it?
But the idea that the US is uniquely poised to dominate the tech landscape for the next decades is silly, doubly so based on some relatively niche tech like rockets. As a European I am worried about the strategic tech competition with China, not the US. And I am worried that the EU is not doing enough to tax the profits being generated here, (cough, Ireland, Luxembourg...).
... and btw, it's all built on Linux, which was given away for free by some European guy.