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by JumpCrisscross
829 days ago
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> What is this parasocial relationship some people have with fiscal entities? America’s relationship with the tech giants is distinct from Europe’s. We can directly regulate them, if we want to. And our cities are littered with buildings and institutions named after their founders and senior leadership, as well as start-ups seeded by their cash and alumni. We see tremendous side-channel benefits, in other words, from that wealth. Europe, not as much. Because the founders aren’t there. That is in part due to Europeans’ aversion to big business—if you don’t like big businesses you won’t have them homegrown. (Exception for industrial companies in Germany, Switzerland and the Netherlands.) But it’s also because American companies have been taking advantage of its until-recent regulatory weakness. |
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