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They're not known for it because they don't have the ability, not because they don't have the willingness. It's not a matter of culture or policy as evidenced b
by pb7 3y ago
They're not known for it because they don't have the ability, not because they don't have the willingness. It's not a matter of culture or policy as evidenced by the profiteering of European luxury goods monopolies. Europe can't compete in tech so it has its lunch eaten by American companies.
- DaiPlusPlus 3y ago> It's not a matter of culture or policy as evidenced by the profiteering of European luxury goods monopolies I'm sorry but what?
- pb7 3y agohttps://en.wikipedia.org/wiki/LVMH https://en.wikipedia.org/wiki/LVMH https://en.wikipedia.org/wiki/Kering https://en.wikipedia.org/wiki/Kering https://en.wikipedia.org/wiki/Luxottica https://en.wikipedia.org/wiki/Luxottica And many others. For example, Luxottica is an eyewear monopoly that owns 80% of brands selling $5 worth of plastic for hundreds.