Moving goal posts, but yeah, Europe lacks a SV with venture capitalists raining money on every crazy idea, with Tony Stark like feudal lords pushing their minions to sleep in office with promises of free drinks and pizza, hoping to capitalize on the startup being sold.
I am curious, is putting up with the occasional self-obsessed ceo not worth it?
For example Tesla has a market value greater than every European carmaker combined, having gone from approximately 0 annual car deliveries to over a million in just a few years while revolutionizing electric travel. Or with space x developing reusable rockets that have utterly transformed the industry. These companies will contribute to economic dynamism and wealth creation for years and decades.
Macron said of American space companies, “Unfortunately they’re not European, but they took a bet”. Perhaps at a certain level you need people with lots of money who are willing to risk it
No. They keep whatever actual wealth they might end up creating - if and when they even manage that - and the only thing that trickles down from them is their ego.
Thankfully.