I wish this meme would die whenever this topic is brought up. The EU is doing just fine in the tech industry, as sibling comments point out. What you might call

I wish this meme would die whenever this topic is brought up. The EU is doing just fine in the tech industry, as sibling comments point out. What you might call excessive red tape and regulations, I see as much needed controls over an industry drunk on its own Kool-Aid, with little regard about the impact on its customers and society at large, often even maliciously so, fueled only by the promise of ever-increasing profits they made to their investors. This opinion might be controversial on a forum run by a VC titan, but people in this industry need to realize that they're part of the problem.