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> US also doesn’t produce that much, unlike EU and China China OK. But a criticism we hear all the time inside the EU is that manufacturing is gone and that th
by TacticalCoder 7mo ago
> US also doesn’t produce that much, unlike EU and China
China OK. But a criticism we hear all the time inside the EU is that manufacturing is gone and that the number one export of the number one economy in the EU --that'd be cars from Germany-- are taking a serious beat up atm.
> The software industry is about to be decimated by AI anyway and US isn’t ahead in AI in any meaningful sense.
How is it not? China has some models but it's basically US, US, and more US: Google, Anthropic, OpenAI, xAI... With chips made by NVidia and Google. So US and still more US. Is that not basically it?
The EU loves to posture a lot but until I see that turd that Windows is kicked out of all the EU institutions and Microsoft Office replaced for good by something else, I'm not believing it.
> USA used to have an amazing brand but that’s being destroyed at outstanding pace.
USA has 35 of the 50 biggest companies in the world ranked by market cap. China has 6 and the EU has... One! (Switzerland ain't the EU). One company for the EU in the top 50: that's ASML and even that is very mainly US owned.
I think you give the EU way too much credit and the US way too little.
- orwin 7mo agoComparing country by market cap will always favours the US while oil is traded in dollars, especially since passive investment is so big and dollar debt is so big. You ought to compare them on efficiency and/or profitability. If you really want to compare the biggest companies while including investors preferences (which mechanically favours the US, but it's fine in your case, your point is about US advantages, and the dollar is a big one), to account for AI and 'tech' (Tesla), EV/EBITDA is probably what you're looking for