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Perhaps Europe should try building their own tech industry so they have fewer problems like this.
by benced 1y ago
Perhaps Europe should try building their own tech industry so they have fewer problems like this.
- sschueller 1y agoEurope needs to stop selling its tech industry to non-European companies.
- whimsicalism 1y agoyeah, the problem Europe faces is insufficient barriers to foreign capital.
- Quarrelsome 1y agothe EU does. US corps acquire most of our successful companies.
- Towaway69 1y agoHaving worked in the startup scene in Europe, the main exit strategy was to sell off to the American original - because most European startups were copycats of their American counterparts. So I won’t say it’s all just the US coming in and buying everything up. It was partly European investors wanting to make a profit.
- Quarrelsome 1y agosure but that's a consequence of US firms having that capital. Ultimately all investors and owners want an exit, if not as a strategy, eventually as a retirement plan. It's just that US firms buying you out is the most likely exit in this world. But the point remains that the EU also innovates. So to suggest that it doesn't and its reliance on US tech is somehow its own fault for not trying, is missing the detail.