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>This means that business, at least to some extent, is forced to address real-world issues and work at a more local level. What is seen as "innovative" in the US is typically merely rent-seeking or parasitic on the broader society, and it seems likely that slower, more measured growth is consistent with better outcomes overall. He says, on an American website, that he accessed through a browser made by an American company, that's running on an operating system made by an American company (or maybe Linux! Although even Torvalds moved to the US), running on a device... Well, it gets complicated. All the relevant options and combinations are non-European though. ASML is like the only relevance of Europe here and they got started because of the US. Why is there no European Intel, AMD, Nvidia, Google, Apple, Samsung, Amazon, Tencent, Sony etc? All the stuff is foreign, which means that we're constantly following foreign rules based on their culture. And slowly they have more become our rules and culture, because there were no real European alternatives. |
Philips (mostly Signify and co, but the brand is still Philips), Airbus (top 1 airplane manufacturer), VW Group, Stellantis, reMarkable, a ton of neobanks/fintechs the US could only dream of (Revolut, Monzo, N26, Bunq, Adyen to name but a few), Doctolib, Backmarket, Spotify (top music streaming platform in the world), Dassault Systemes (top industrial CAD), Amadeus (top 2 airline booking software), Booking.com, Ericsson (top 2 5G equipment provider), SAP (top 2 ERP provider), STMicro, NXP, Infineon (top semiconductor manufacturers for everything not on the cutting edge of personal/server computing), Zeiss (top 1 optics manufacturer), etc etc etc etc
It's not that there are none, it's that the new ones (some of which are extremely good) haven't grown to super high valuations yet.