[niklasl]

I'm from Sweden and I don't find much to object to there.

In Europe there are no global companies based on web technology, no Google, no Facebook, no Amazon. Previous tech booms have left little to show for it, I guess ARM is the shining example.

Some old companies have been pretty nimble and have been ccompetitive in new technology, like Ericsson and Nokia. But the landscape is utterly different from the US, and it is not for the better, there seem to be a glass ceiling for startups.

As long as Europe is so pathetic in tech, we don't deserve better than to read self-congratulatory stuff like that. Maybe it will even spur some competitive instinct...

[BSousa]

Hmm maybe you are just looking at the web and forget other industries?

Europe has a good tradition in the auto industry

I think SAS is also quite big and european

Also, innovation wise, last studies shown European banks lead innovation (Web access, ATMs, etc)

Green energy tech is also quite popular here (though I have no idea where the actual innovation comes from)

[forza]

Europe is not the same as America, that's correct. But if you actually look at innovation, there has been more than a few aquisition of Swedish companies. Just counting "Swedish" companies there's MySQL, Skype, C3 technologies, Marratech, Tradera and a lot of others.