| Excellent point. But you have to factor in american companies international reach. Chinese companies dominate china and that is extremely lucrative, but american tech companies dominate europe and the americas and the rest of the world. Europe and at americas combined have a larger population than china and a geographical landmass 3X larger than china. The real question is why europe ( 800 million people ) and latin america ceded their tech industry and data to the US. If data is the oil of the 21st century, then the US, china and india are going to rule the nest. Europe has no future and neither does south america. I under why china, russia, etc had protected their own internal industries to compete against FB, GOOGL, TWTR, AMZN, etc. I just don't understand why europe, south america, etc haven't. All europe/south america have/had to do is invest a few billion to capture a few trillion in wealth. Instead, they've ceded all that wealth to predominately american tech companies. It's very strange when you think about it. |