Europe’s decision making has only exacerbated the rift between the future and the old retirement home called: Europe.
Just in tech alone we can see how far ahead the United States is.
Europe’s economy as a whole is just stagnating while America’s continues to rise.
We haven’t even talked about fertility rates and how America has the highest among peer countries.
All in all Europe can’t even recognize their dire situation and still act all high and mighty.
They’re filled with vassal states that aren’t even aware they are vassal states! They are like that old man who still thinks of the old glory days without recognizing that their prime is well gone.
There are still things that European is doing well in, like fashion branding related stuff. I think the Europeans bet too heavily in the Chinese market, and can’t reverse course when the Chinese began taking away their business. In reality, the Europeans aren’t doing any worse than the Americans, Koreans, Japanese, and Taiwanese anyway. The good thing now is that Chinese auto companies are also in a spiral, and if the world get can our act together, maybe we can stop Chinese own and made electronics, cars, robots, drones, AI companies, and social media apps from having another resurgence.
If they do though, I don’t think the US tech industry will have the last laugh.
Maybe the whole thing is backwards. Maybe having such large exploitative companies in a society that is starting to echo a Russian oligarchy while a large majority scrape by paycheque to paycheque with very little security isn’t exactly the measure of success one should want to root for. Maybe companies should be smaller and more varied.
This level of sport team tribalism with companies and countries that have their boots on our heads is baffling to me, if not cringe.
I think it should come back to having fair competitions. Large companies should not be allowed to use their influence to change law and regulation to their favor and rig the game. At the same time, if this is not done across nation lines, then local companies will still have a hard time to compete against state sponsored companies like the ones in China. Maybe the goal should be to make products that are necessities more fair, and let tech and other really expensive industries consolidate to a certain point?
Like, is it good for the country if Costco is one big blue circle? I just don’t know…
The rumors about Europe’s death is exaggerated though… If looking at unicorns , the Europeans are a bit behind but if they really were dead the number would be zero
Europe maintains its leadership in advanced manufacturing and machine tools, such as ASML, without which TSMC couldn’t function.
Europe maintains its leadership in plane and shipbuilding, with AirBus and Fincantieri. Their expertise in this field and grid-management also allows them to take the lead in harvesting energy from waves and offshore wind.
Right, and without European companies like ASML working together with TSMC to finetune the recipes of advanced EUV and even DUV lithography tools, what GPUs or TPUs are US and Chinese AI companies going to run their ridiculously large LLMs on?
They are afraid of letting companies fail and use too many resources keeping zombie industries alive instead of using it in actual growth sectors.
As someone who has 2 companies in the EU in different member states, and 3 total in Europe in the UK as well. My view is that Europe’s business environment is hostile to anyone starting and challenging the legacy companies. When you see the regulatory, legal, and general paperwork required, it becomes obvious most these are designed so SMEs can never challenge large legacy companies because they are so time consuming and costly to do.
A pox on whoever titled this thread. Now I have that awful song stuck in my head. It’ll keep popping up now until I go to bed. Red, dead, lead, fed, schmed
, the Europeans are a bit behind but if they really were dead the number would be zero
