I would agree with this comment, except for the last part. Antitrust law enforcement is not the critical part. Uniform market size is. The US has a lead on sof

I would agree with this comment, except for the last part. Antitrust law enforcement is not the critical part. Uniform market size is. The US has a lead on software mostly due to an inherent advantage of having a large domestic market with mostly the same language, rules and expectations everywhere, whereas the European market is about as big in total, but unfortunately is divided into many smaller markets with fairly large differences which cannot be captured as quickly as the US market. This gives companies which scale nearly effortlessly from a tech perspective (modern software based startups) a huge advantage in terms of the available headroom for quick, initial growth. This advantage is largely irrelevant in industries where physical stuff must be produced and which are therefore hard to scale anyway, but it is almost a guarantee for a dominant role in the realm of SAAS. The remaining conclusion of yours is true: if you grow faster, you can buy. If you grow slower, you are being bought.