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USA is the worldwide exception when it comes to SW industry, not the rule. The US tech industry is reaping the benefits of being the WW2 and cold war victor, t
by FirmwareBurner 2y ago
USA is the worldwide exception when it comes to SW industry, not the rule.
The US tech industry is reaping the benefits of being the WW2 and cold war victor, the first to the punch in SW development and online capitalization, a homogenous single language market with the top economy in the world and owning the world reserve currency, meaning they can print and throw ungodly sums of money at any app that helps with mass data collection, data which is more valuable to advertisers because the US consumer has the highest purchasing power in the world by a long margin, and subject to less linguistical, financial and legal fragmentation and gov oversight than the EU.
It's a positive reinforcing feedback loop where more money helps creates even more money, like a snowball rolling downhill. It's not something Italy or any EU as a whole can replicate. We can replicate the same SW tech/concepts here, but not the scale and monetary effects that the same tech has in the hands of the US. US is basically playing the game with the infinite money glitch, and the crazy US salaries are a second order effect of that.