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No, the national champions model is the problem. If Apple failed the US still has Android and potentially many other startups. Europe just doesn't have the risk
by wbl 2y ago
No, the national champions model is the problem. If Apple failed the US still has Android and potentially many other startups. Europe just doesn't have the risk capital or ecosystem.
- openrisk 2y agoYes, but now it doesn't even have national champions. The last one standing with some pretense at being still with the times is probably ASML. One wonders whether at any point anybody will ask any tough questions about where Europe is heading as far as technology goes.
- CalRobert 2y agoLots of people are. The answer appears to be “down the drain”.
- lotsofpulp 2y agoI would put Novo Nordisk up there too. Not sure how Eli Lilly is doing so much better though, which I presume for both is due to advancing GLP-1s, but I thought Novo was first to market.
- fire_lake 2y agoPeople forget that for a long time ASML was government backed
- PeterStuer 2y agoWhich is exacly why Finland should have blocked the MS deal. Nokia was a HUGE percentage of Finland's GDP.