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China did it early and made growing their domestic industry a priority. Europe has not. This is like trying to close the gate after the horse has already escape
by ronsor 1y ago
China did it early and made growing their domestic industry a priority. Europe has not. This is like trying to close the gate after the horse has already escaped.
- spacebeer 1y agoSo not just EU, but any other region in the world, like Africa, South America, Central Asia should just give up and not try to make a business that could disrupt existing giants?
- togetheragainor 1y agoThey should try fostering more competence and competitiveness, rather than trying to regulate themselves to success.
- ClumsyPilot 1y agoMost US industries are owned by 1/2/3 oligopolies. The only way to compete is to create your own monopolies.
- deleted 1y ago[deleted]
- michaelscott 1y agoThey can, but OP's point is that a ban on US tech on its own will do nothing to produce a local Silicon Valley. It needs to go hand in hand with a massive push toward local entrepreneurial support, especially in places like Europe where the government exercises more control through legislation
- ryandrake 1y agoI don’t think you really need to incentivize businesses. If people want to start a business, they’re going to start one, regardless of whatever carrot you throw in front of them. “I’d love to start a business and make a profit, but the government just isn’t giving me enough incentive!” - said nobody ever.
- queenkjuul 1y agoAnd "every government software contract owned by a US company is about to be up for grabs" isn't an incentive on its own?
- tremon 1y agoEurope is regularly growing new tech startups, even online tech. The main problem is US vulture capital swooping in and buying it up as soon as it outgrows the local market, followed by everyone pretending it was developed in the US.