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by perl4ever
2545 days ago
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I don't follow. You're implying "US style shareholder capitalism" is poison to other cultures that try to adopt it, but why then do you think it has worked in the US? There's clearly something unique about the US in that nearly half of the capital in the global stock market is US companies, and the gigantic, relatively young, public companies are very disproportionately American (FAANG, etc.) Is it obvious to you what it is, because I've never heard a convincing, succinct explanation. Here's a illustration of how skewed the world stock markets are by country: https://amp.businessinsider.com/images/56a627a158c32379008b4... |
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In the EU companies spend a lot more time optimising their tax situations (for the founder and employees) and cannot easily hire or sell products across borders due to language barriers. The EU needs to adopt English officially and individual EU countries need to adopt English as an additional official language and allow children to be instructed in it