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by majormajor 555 days ago
And then even more specifically - at least in terms of local problems - that pushes up the value of compensation for a lot of people in the SF Bay Area which inflates the cost of land there.

Staying out of whether or not the concentration is a problem at the national/international level, is there any realistic alternative short of massive protectionism a la China to force home-grown tech companies in other parts of the world?
1 comments
bananaquant 555 days ago
The US has a massive advantage of being the largest economy, having a vast single market, issuing the world's reserve currency, and having unique hubs like the Bay Area attracting the best and brightest. It would be hard to replicate its success elsewhere without having some of the above prerequisites.
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aussiegreenie 554 days ago
>being the largest economy, having a vast single market

America is NOT the largest market the EU is MUCH BIGGER. And it is not "America" that commercialises technology, but a small portion of California called The Valley.

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aeonik 554 days ago
According to this the US GDP is 1.5 times bigger than the entire EU:

https://statisticstimes.com/economy/united-states-vs-eu-econ...

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