[tennis_80]

They're ignoring start up successes within Europe. I suspect most complaining about this use Spotify - started in Sweden. Revolut is also very popular for people after a crypto-friendly bank. Monzo is credited with revolutionising bank accounts within the UK.

Afaik, until recently it was difficult to send money between two bank accounts in the US for free - hence the proliferation of "tech solutions" like Cash App and Venmo. That just isn't a thing in the UK, banks have supported free instant bank transfers for years. So, maybe just maybe - we have fewer startups because our systems aren't as crippled as the ones in the US?

[piva00]

Also ignoring that some of the economic activity created by these companies can be a net negative benefit to society, cases like: startups trying to solve the mess that healthcare is in the USA, it will generate income, have customers, etc. but it is just providing a service that shouldn't exist at first, similar to how natural disasters will increase a country's GDP because of all the construction required to deal with the aftermath, economic activity generated by patching issues in society is not necessarily a positive. Same with everyone requiring a car to go places, amazing for car sales (and increases in GDP from the production chain) but it's not the most beneficial way for a society to transport itself, incurs recurring costs on car maintenance, insurance, increased road/infrastructure maintenance, injuries/fatalities from road accidents, etc.

The USA has a lot of startups trying to solve issues that probably shouldn't exist in the first place (filling income tax reports for example, what the fuck?) but those bullshit products generate wealth to some people.