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That's capital markets and the lack of capital markets is because of not having business friendly environment. Consumer protections strong, pro business not so
by miohtama 1y ago
That's capital markets and the lack of capital markets is because of not having business friendly environment. Consumer protections strong, pro business not so much. Companies like Spotify go to the US to IPO.
- berkes 1y ago> Consumer protections strong, pro business not so much. That's not the reason the EU has no unified capital market. The reason is that member states are reluctant to hand over control and power to EU. Just look at e.g. Eurobonds and the shitshow around that. Especially the rise of populist anti-EU parties all over, are causing this. Ironically, the parties that "freedom lovers" like Musk are funding and pushing, are the ones causing the EU to not function as a single capital market and "not having a business friendly environment".
- deaux 1y agoAre you saying that the other 199 non-US countries in the world all have a business unfriendly environment, since every one of them besides China has practically the same amount of software VC funding compared to the US? All of these purported EU-specific reasons completely ignore that things are the same elsewhere. It's the US that is the outlier.