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What about the other way around? What happens with US economy when europe (and similar allies) stop buying US information technology (they for sure can replace
by omnimus 1y ago
What about the other way around? What happens with US economy when europe (and similar allies) stop buying US information technology (they for sure can replace a lot of it) and embrace digital tax?
They are for sure tied to each other but i am not so sure it would be EU loosing that much more in case of a breakup.
- CapricornNoble 1y agoThe US economy has a degree of energy and raw materials independence that Europe lacks. No amount of replacement IT development will compensate for the weak European position regarding essential low-level feeder inputs to their overall economy.
- omnimus 1y agoThat is true. I just wanted to point out that the reason US economy is doing ok right now are exports of tech companies. Especially software could be replaced by EU surprisingly easily. It was response to comment saying how subsidized and hopless EU is.