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I am sure you can name a small number of examples that came out of Europe (Mistral, Spotify, Siemens, etc.), but the fact is the US and Asia generate way more v
by itake 3y ago
I am sure you can name a small number of examples that came out of Europe (Mistral, Spotify, Siemens, etc.), but the fact is the US and Asia generate way more value than Europe has in the last few decades.
ASML is half the size of TSMC, by marketcap.
- fennecbutt 3y agoWe were talking about technological breakthroughs/inventions, not market cap. Plenty of technological progress and research comes from Europe. Of course China and the US have larger, higher value _market_, that's well known but Americans in particular seem to love swinging it around. And idt it's fair to compare a couple hundred million people to four and a half billion people in the case of EU vs Asia.
- itake 3y agoEurope has 510m people and the usa has 370m. The USA is doing more with less. In 2008, the USA and EU had comparable GDP, but today the gap is 57%.