Where are Europe's Innovative Companies?

Into Europe: Europe has failed to take advantage of the technological revolution of the 3rd industrial revolution. Europe's lack of large tech and internet-based companies, as well as a struggling start-up eco-system.
Can Europe step up to the ask on the race towards innovation and catch up with the United States and China?
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Sources:
www.epo.org/news-events/in-fo...
www.economist.com/briefing/20...
www.oecd-ilibrary.org/docserv....
en.irefeurope.org/Publication...
ec.europa.eu/eurostat/statist...
sifted.eu/articles/european-s...
ec.europa.eu/info/business-ec...
ec.europa.eu/info/business-ec...
/ france
techcrunch.com/2021/02/23/spa...
www.dutchnews.nl/news/2020/09...
ec.europa.eu/eurostat/statist...
uis.unesco.org/apps/visualisat...
ec.europa.eu/eurostat/web/pro...
www.cer.eu/insights/should-eu...
www.europarl.europa.eu/RegDat...
www.oecd-ilibrary.org/docserv....
en.irefeurope.org/Publication...
sifted.eu/articles/worlds-50-...
eur-lex.europa.eu/legal-conte...

[@koopo3472]

Very happy to eventually see a dedicated European Union channel. Keep the good job. I wonder why the E.U lacks so much behind on media and communication

[@koopo3472]

Here in Greece we wait for much more videos

[@adisaikkonen]

Language, mostly. Chinese, Japanese, Korean, and US markets are based around large single-language blocks, where audience is easy to come by and there are no costs of translating and localizing content.

[@koopo3472]

@@adisaikkonen True I agree. But we can Allways use English for our media . That's the only alternative

[@adisaikkonen]

@@koopo3472 History would indicate that that is not the case, and even if you try, less than 50% of the target population having conversational skills in the language you're speaking means you won't be reaching a large audience, and that you'll be limited in the scope of the discussion to rudimentary topics.

[@jenshep1720]

european politics just arent as commercialized as american ones... american politicis is like a tv show full of drama and clear good and bad guys. eu politics are opaque and less in your face. also most european politicians are known and accepted to suck. everyone is aware of this, it doesnt need to be mentioned specifically at this point. just take ursula von der leyen. she was an inanely incompetent secretary of defense for the conservative party in germany who had been the cause for many scandals (just look up the advisor crisis), was found out to be corrupt as fuck (she had been channeling defense funds to her friends and family a few million at a time), and was likely to face prison time. then, in swoops angela merkel and pushes her up to be president of the european commission. and who does ursula recruit to fill the rest of the seats? politicians from other countries with similar stories to hers.

[@nokaton]

It's actually "Nokia", "Siemens", and "Ericsson" .. but ... those days are gone. And most of them nowadays focus more on selling technical-professional level products rather than consumer level products. So, us general publics don't hear much about them anymore in the news.

[@theamici]

Nokia is still making phones, and quite good one's too. They were bought by Microsoft though in Microsoft's failed attempt at promoting their Windows Phone operating system.

[@blabladuweier8654]

@@theamici but they still craft good phones! Nokia 7.2 is a really nice and relatively cheap phone

[@baseendje5763]

Yes, many european companies have shifted away from 'basic' consumer goods to 'technical-professional level' products as you call it. This is a conscious shift by these companies because they know they can get better profit margins on these products. Yet, even though this may result in European companies becoming less known by the general public, there is really no evidence supporting the conclussion of this video that Europe is falling behind on innovation. There are plenty of European companies that are leading in their field, they are just less known because they are not targeting consumers directly.

[@PtrkHrnk]

@@theamici No they don't. It's chinese OEM with Nokia branding.

[@siddharthgoyal4008]

@@theamici Nokia is nothing more than a sticker to put on phone now.

[@Nonamearisto]

The real problem is not that European countries have different languages and cultures- most tech workers know English- but that they have the same aversion to risk. If an entrepreneur goes bankrupt in the US or his company fails, he can try again if he can find more investors, and if the idea is good, previous failure rarely counts against him unless he was criminal and/or extremely negligent. In Europe, one bankruptcy or failure in business is like the mark of Cain on a businessman, and he'll likely be unable to get investment in any future projects of his ever again. Most European countries also make it hard to fire workers or to get them to work longer hours than usual, which are critical when a tech company has to scale up or down in response to a product launch.

[@luuges]

Especially in Germany (where i live) the people start to forget where our wealth comes from and that its still a competition to stay walthy. But unfortunately they will have the results in like 50 years and then its already too late.

[@Leicht_Sinn]

Well there are a lot of middle class/family owned companies in Germany and some of them aren't AG so we don't really know what their market cap really is

[@trndsttr7585]

The German Mittlestand is very profitable.

[@user-hv6wb5gk8p]

People go yadayada german Mittelstand to handwave away our problems, ignoring that the largest generations in German history will retire in the next decade, putting the strain of covering their retirement expenses on young people in an economy where living expenses are already constantly rising while wages mostly stagnate.

[@dagmarvandoren9364]

Nichts kommt von Deutschland. Unser niveau wurde ist so gesunken. Amerika amerika...vom t hemd zu country. Western. Sir sprechen.englisch. and picked up a lot of mediocre things....now we do nothing. Urlaub. Bitte

[@briancheng8243]

Most of Silicon Valley absorbs the talented Europeans in a braindrain fashion sadly...

[@tessjuel]

That is true. A lot of the innovations in the IT sector are from Europe but they've been either bought up or sqeezed out of the market by US or Asian corporations. Take the ARM processor for example, the one that is the core of practically all mobile phones and is beginning to make its way into laptops and web servers too. It's English although I think the company is Japanese owned now. The Norwegian AllTheWeb search engine was the only serious competitor Google had in its early days but it was bought up by Yahoo and later taken over by Microsoft. I'm not sure if MS' Bing search engine is still based on AllTheWeb. Linux is originally Finnish of course but I'm not sure if it counts since it's open source non-commerical software with contributors from all over the world. Then there is Finnish Nokia and Swedish Ericsson, both bought up by big corporations from other parts of the world. The only significant consumer oriented IT names still in European hands I can think of off the top of my head, are Spotify and GSM. --- I work with digital design for virtual worlds and computer games. That a bit of a niché sector in IT of course so not many big companies at all there. But here are some of the European standard tools in that area: Blender - Dutch FilterForge - German Substance Painter - French GraphicConverter - German MeshLab - Italian HAVOK - Irish, bought up by Microsoft Unity - Danish, relocated to USA Opensim - English, relocated to USA Sinespace - English AGX Multiphysics - Swedish Umbra - Finnish Unigine - Russian Those are not familiar names to the general public though and even those who work with those programs on a daily basis tend not to think of where they come from. Maybe that's part of the answer: much of the technological development in Europe is "under the hood" and goes unnoticed.

[@newcoc8067]

@@tessjuel im pretty sure us has plenty or tech giants that are not part of faang. Like adobe or uber

[@tessjuel]

@@newcoc8067 Oh yes they do. But I didn't claim that Europe is ahead of USA in IT technology, only that it's roughly equal. In fact most of the world is. Skilled entrepeneurs, IT workers and managers come from all over the world. USA has dominated until now because it was easier to find investors there. Nearly three quarters of the IT workers at Sililcon Valley are foreigners. It's a similar story with entrepeneurs and upper management. Adobe for example, since you mentioned them, has a CEO from India. This is the brain drain Brin Cheng talked about and the big question is how long it's going to last.

[@user-jg4zf1gm1d]

@@tessjuel j

[@markhaus]

Worked at [redacted] and basically all the talent there is dedicated to tricking you into paying attention to their feed for single milliseconds longer so more ads could be shoved in your face. Silicon Valley may have a lot of talent, but it is so wasted on their bullshit business models.

[@andrasadam8256]

Damn, Europe is just upright disappointing at times. So much potential, so many options and ways to improve, but none of it is happening. Why? Because people are unwilling to overcome century old differences and grudges. It's sad really...

[@EternityWowStaff]

I know what you are feeling man, I'm from Romania and a lot of talented people from IT tried to do businesses but the lack of support and corrupt government turned them against my country and went right to....exactly USA, where they got all support they needed and now they own IT companies worth of millions of dollars while Romanians are watching them on TV and international interviews. Also they refused to relocate somewhere in E.U. because of the language barrier, they knew English but were not so sure about their future employees

[@hendrikdependrik1891]

It's also NIMBYism, too much red tape and plain stupidity. We've forgotten where our wealth is coming from.

[@davevaderlp784]

Personally I think the policies the EU pursues in regard to large Megacoorperation is exactly the right. Trying to stop them. These companies might "innovate" a lot but this generally is at the cost of lower living standards for the average person, just look at how the US middle class is struggling or how Chinese people aren't able to safely invest their money for the future.

[@danielhalachev4714]

In my opinion, it's not because of grudges from the past. European governments and people have just stopped trying to be the best. They go with the flow, they no longer want to be #1, they simply exist. Europe was the center of the world up to 50 years ago because it had ambitions. Then something happened and Europe just lost the will to compete, to rule, to always improve. Meanwhile the USA and China are world leaders not because they have more talents than Europe - they have ambitions and that way they attract entrepreneurs, while we are slowly dying off.

[@Leicht_Sinn]

@@danielhalachev4714 well you can't call success = huge companie There are lot of nishe companies /middle class companies in Germany which are leaders in ther field but due to the smaller size and most people not knowing thst such markets exist most normal people don't care/know I mean there huge companies don't come alone Look at usa nra which has huge political imapct and in finaced by the industrie Huge companies harm the poor people as we see from amazon working rights and apple,.. outsourcing production to other contries It also increases taxes for the normal people which have to support the system which these companies don't do directly

[@traposucio2944]

This channel is golden. Thank you for making this videos. Hope it grows in subscribers

[@IntoEurope]

Glad you enjoy it!

[@lemagnifique1573]

I think the main problem is the lack of entrepreneurial mentality. There's a lot of European engineers work in hi-tech companies run by Americans, Chinese, Japanese, Korean, Russian, even Indian, and Indonesian. Second is regulation, EU is tend to be more strict on regulation that will detain the development just because of "protecting the privacy" or anything. Having the small market isn't an excuses, South Korea with smaller population can have many innovative tech brands

[@arichis]

At 0:43 you forgot to highlight Bosch, Adidas, ABB, FCA, and Novartis as being European in the top 50 most innovative list.

[@henning1152]

That list was a bit weird. Many famous innovative companies were not on that list. Spotify, as an example, has revolutionized the market

[@Ferreira0504]

CRISPER, BioNTech and CureVac as well.

[@IllusiveDude]

@@henning1152 I think he was focused on market cap not innovation

[@henning1152]

@@IllusiveDude Yeah, but that list was about "the worlds most innovative countries"

[@andy_hay]

@@Ferreira0504 Crisper is from Switzerland which isn't part of the EU. Also all their R&D is in Massachusetts

[@catboynestormakhno2694]

Never forget that keeping power decentralized has always been the advantage of europe, we have always had some of the smallest kingdoms, and our church nobel and merchant guilds were way more split up in europe than anywhere else in the world, decentralization is our strength

[@mikito00]

"Divided we win"

[@catboynestormakhno2694]

@@mikito00 its more like we are internally divided and externally united, always been that way, the biggest example of this is the HRE, the strongest millitary in the world prussia came out of that as a product

[@alexhammerbekk]

@@catboynestormakhno2694 reminds me of us scandinavians who mock and taunt each other (banter) but unite if external does the same, nobody beats my brother but me :-)

[@catboynestormakhno2694]

@@alexhammerbekk præcis, det er fandme også sådan det burde være

[@finden3362]

@@catboynestormakhno2694 pretty much hre got beaten to death either by time or France and Prussia became powerful because it united instead of divided

[@gameoob5604]

This is so high quality, thank you for talking about this important topic!

[@IntoEurope]

Glad you enjoyed it!

[@mortenlund1418]

Ditto

[@gillesputtemans]

Yeah I fucking love your videos!

[@obimk1104]

@@IntoEurope ASML => Dutch / EU company (best hidden secret of the Chip industry), Gee. Real High Tech

[@randomuser5213]

Great watch but the way you pronounced ‘innovative’ certainly sounded innovative haha.

[@nikolaytotev1]

Reading the comments shows why Europe is behind in technology compared to even smaller parts of the world, South Korea, Taiwan and etc. Seems like most people are in denial of the lack of established global European tech companies both hardware and software. You don't need to be a genius or invest hours of research to understand that most of the services and devices we use were developed/imported outside of the EU... In my opinion, this is because of the lack of European strategy to establish a union-wide innovation hub within the EU supporting the development of new technologies. EU has all the resources to do it and why it is not done is beyond me... Also, English must be established as the main business language regardless if it is situated in Ireland, Greece, Spain, Poland, Bulgaria or any other country so talent across the continent can be attracted and make it easy to work with international partners/workforce... It is not that difficult, just create an EU Innovation Board that focus on the development of a strategic EU city serving as a hub for the continent.

[@ja1111112]

Very important topic, thank you!

[@IntoEurope]

Thank you!

[@inno2349]

@@IntoEurope ei, today i had a conference about the Future of Europe and i Recommended your channel even tho it is small, it has great content and is great in information, i do hope you been doing great and get even better

[@IntoEurope]

@Inno 234 Thank you! :) Speaking of fetting better, wait until you see my next one, hopefully it will knock your socks off :P

[@shintsu01]

I work in software development and what I personally experienced is. 2 companies I worked for were bought and basically the tech and customer bases were absorbed and now they are no longer a EU company. In other scenario's 2 other companies i worked for had a lot of challenges to go to other countries in the EU. Mainly due to 1. Language 2. Culture 3. Infra simple example is the way Telephones and Postal codes work in other countries turned out to holding down these companies to easily move into other countries. Also due to local culture, the product worked in the Native country but the market of other EU countries was not yet mature/ready for such services at that point.

[@powresitta]

Inovations don't come from big tech, they just buy all small companies with good Inovations and market it into monopoly. That's where big money comes into play. Europe is I believe home of biggest number of small to medium businesses that are motors of Inovations.

[@haxman4509]

A very well explained video, I never really noticed or knew that there were so few tech and innovative companies in Europe, but now I can't unsee it. Anyway well done

[@IntoEurope]

Glad you liked the video, I think the problem is that there are no European media companies talking about these problems. That's what I'd like in part to address with this channel!

[@mortenlund1418]

It is sometimes more noticable what is not said than what is said. It is such a delight to see you doing this job so seriously. Hopefully the national television companies (hope they will soon merge to an kind of EU level to gain more momentum), will see your number of subs and start being serious about pan European matters. It is like they fear the nightboring countries broadcasters, and deliberately let them "die" in silence.

[@Arcaryon]

@@IntoEurope Absolutely. Without debates and attention, few issues in democracies get resolved.

[@-F4K3-]

I don't claim to be an expert on Europe or the EU, but from the bit I do know and what was touched on in this video it seems the EU's strict bureaucratic regulations and perhaps how difficult it is to create a business (especially one as expensive as a tech startup) may contribute as to why. No doubt there are very bright and intelligent people with ideas-- but if they are constrained in such a way, their only alternative is to relocate.

[@themariokartlick]

Regulations perhaps play a part (especially that there are so many competing frameworks for different countries), but the lack of capital is actually a much bigger problem. For A round funding it’s not always a big problem because the investments are small, but for B round funding that’s when companies move to the US because that’s where the investors are. This is basically what happens with every major tech company that starts in Europe and there’s no real solution except to encourage private Europeans to invest more.

[@metaxu3305]

It's a myth, creating a company in the US or China isn't easy either. No, the truth is that our social systems impedes the growth of venture capital.

[@aachoocrony5754]

Bureacracy as well as underground cliques who will not let the status quo divert from their terms.

[@alehaim]

Macron speaking English feels weird

[@ey6713]

Why does he speaks English

[@a4yster]

Le angelais

[@xWood4000]

It's like Putin or Merkel talking English

[@theamici]

@@xWood4000 Putin talking English is the weirdest thing ever. He sounds like such an utter weakling when he does, and then he switches into Russian and suddenly he's all gangsta.

[@xWood4000]

@@theamici Agreed, but it seems like he can legitimately talk English, while all the others can't talk English at all and usually just read from a paper with russian phonetics

[@alfredolumba7936]

I always felt that Europe was lacking in this area but isn’t Spotify a big one?! It has truly changed how music is heard, profited, and shared. Surprised it wasn’t higher on the list.

[@juice8431]

isnt like half of spotify owned by US record companies

[@siddharthgoyal4008]

Spotify is European on paper. It's mostly owned by US businesses, investors and even it' R&D is now A LOT with US focus in US.

[@matyashansel438]

Very important topic.. there must have been thorough research behind it, big thanks for that!

[@enrico6176]

I mean, for a while, Nokia had an extreme success, even though it was from the EU.

[@kibicz]

Well, that was in previous century.. EU went a loong way since then..

[@xWood4000]

Nokia does well in cell infrastructure still (good alternative to Huawei), but that isn't as large as consumer phones.

[@enrico6176]

@@kibicz the nokia 3310, by far the most successful nokia phone, was released in 2000. Nokia had success until the first years of the Iphone.

[@theamici]

Nokia still makes some of the best phones out there. I bought a Nokia phone a couple of years ago, it was the best reviewed phone and for a good reason, it was both relatively cheap, fast, good UI design, and with a descent enough battery lifetime.

[@xWood4000]

@@theamici But that isn't Nokia, that is HMD Global with the brand Nokia. HMD Global is Finnish and there are Nokia people working there but it's not Nokia anymore making the products. They are pretty good though

[@thogy1996]

Keep up the good work! I havent understood Vestagers decision as well, but my sister who was working with companies, having monopoles like Google, was totally glad about Vestagers decision. I guess it is not like black and white, not even grey. But anyway it´s hard to see SpaceX and GAFA and have nothing in comparision.

[@IntoEurope]

Thank you! It is indeed a grey decision: choosing between being internationally competitive or having local competition.

[@drdewott9154]

Either way I actually prefer the European status quo of not necessarily bigger companies but having more "smaller" (relatively speaking) firms. I mean if we didn't it'd likely lead to monopolising, and the companies having more influence in the politics than people, not to mention them being able to basically mess with customers due to them having beaten out any alternatives by sheer size. I mean we already see this in several sectors dominated by either one or a few large American companies!

[@MetDaan2912]

I'm really impressed by this video. Good animation and very well explained. Got yourself a new sub!

[@IntoEurope]

Awesome, thank you! :) Still want to make the animations even better in the future :)

[@ruud9761]

Edit: first and foremost, great video xD. Like you said Europe or even the EU isn't a single country, but a bunch of smaller countries combined. So honestly I never expected them to have big tech giants. However are all these things you called really a good representation of how innovative Europe is? For example: If I remember right the Netherlands is the second-largest agricultural exporter in the world, despite its size. If I remember right this is because they trade in genetically modified seeds. Sure this doesn't make them a tech giant, but does this not count as being a giant on an innovative level? I'm sure there are plenty more of these kinds of examples in Europe.

[@drdewott9154]

Yeah good point. Europes real big s in the sleeve is in so many of the different sectors than the current big tech sector. Plus the smaller nations making it harder for mega conglomorates to form which would threaten the competition and startups even more and be more harmful to the market than good.

[@lifeinguangdong5844]

@@drdewott9154 It honestly depends on the size. If you do like Korea and have chaebols that control vast sectors of the market then yes. If you're like China and the US which have mega corps but still have new companies competiting with them it's possible. Granted no company in the US has the percentage of market share that Samsung has in Korea. Even in China with it's state owned companies doesn't have anything to that level.

[@AAAAAA-rz5bd]

Great channel. I was tired of people from US and UK talking about EU. They don't understand shit about how we, as europeans, feel about certain things and problems. They only see things through their lenses.

[@jiriwichern]

No 'big' companies means no innovation? And then you have to realize, GDP wise, the E.U. (and that's only 2/3's of Europe, because the U.K., Switzerland, Norway etc. make up the rest of it) market is much larger than the Chinese and only slightly behind that of the U.S. while its population is less than a third of China's and 4/3s of the U.S. So where does that productivity come from if we don't have big mega conglomerates that generate wads of $$$? It can't be only trade because trade goes stale very quickly if you have nothing to trade for. Colonialism is something we left behind almost a century ago, and nowadays is more of a China thing, so that can't be it either. Natural resources aren't a big thing in Europe anymore except for Norway and Russia, which both are not part of the numbers (non-E.U.). As you pointed out in the video, only 1% of the economy is agrarian so it's not like we export massive amounts of food to offset all other sources (actually, the country I come from does export massively innovative/expensive agrarian produce, out-exporting the U.S. while being less than a 20th of its size, but that's another story). And the gold standard has been abandoned a loooong time ago but the European currencies still hold their value. It's not like the E.U. is 'resting on its laurels'. That's an impossibility in a globalized economy, of which the E.U. is certainly part of. You can only take on debt so long before the debtors come knocking on your door (as some less fortunate E.U. nations recently found out). And producing nothing anyone wants and expect to import all goods you desire is a way to quickly send yourself to oblivion (I'm looking at you too, Brexit). So somehow all business activity and wealth generation in the E.U. has to be done in other ways than through 'big' 'innovative' companies. And probably its 'medium' and 'small' companies that do the job quite adequately. As you already said in the video, Europe (and now I'm explicitly excluding the U.K. here for obvious reasons) has a different take on what defines the free in free-market capitalism because Laissez-faire and the allowance of monopolies restrict freedoms of everyone else (and there are > 7 billion everyone elses in this world) and thus are anti-capitalistic (because they basically restrict everyone's freedom, including freedom of trade). There is no freedom without rules; only conflict and anarchy. That's something Europeans and European nations learned the hard way through one and a half millennium of conflict. I think the E.U. is just the right compromise between the possibility to express your own freedom and not restrict that of everyone else.

[@Kaif08610]

ASML is one of the most innovative and important tech companies in the world, they are just very low key. :)

[@siddharthgoyal4008]

And made/owned by Intel.

[@fwblok836]

@@siddharthgoyal4008Total bs

[@pistolen87]

Network effects are a big reason that should be mentioned. People want to be where most other people are, hence winner takes it all and monopolies are created.

[@mukkaar]

Partly true, but just like said in video, the deciding factor is access to big homogeneous market.

[@pistolen87]

@@mukkaar hence why China has their own versions of tech of tech companies (baidu = google, alibaba = amazon) and Europe don't since we're open to american companies.

[@Robersora]

Let's hope with these issue getting traction to be solved, innovative companies will start to pop up and be able to compete on the world stage again. Due to how Europe is set up, things might bloom later, but hopefully in a more sustainable fashion. well

[@r-t9266]

Fascinating topic ! Especially given the conversation going on in the US on the power of thech giants and the way they (ab)use it.

[@MegaSavvis]

love the video and the fact you provided references, though not a single link works! Not blaming you, just surprised the websites moved/deleted their articles so quickly.

[@alexvictor147]

Subscribed. This is the kind of channel is worth subscribing. Thank you

[@Quickshot0]

While an interesting approach, there are certainly some things one can wonder about. For instance it's not really clear if patents are a good proxy for innovation, or instead are a way for big companies to keep out competition. Especially in the electronics and software market patents seem to be more the latter anti-innovation force, then pro-innovation. So there is a risk that this metric doesn't actually measure how innovative an area is and can at times even measure the opposite. In this light one can thus also wonder if the biggest companies are really such large engines of innovation, maybe they are, or maybe they're more self protectionist. Also, did Europe really de-industrialize so much? Actual industrial revenue went up, and the relative portion of the economy I thought hadn't changed that much for some time now. Certainly the number of jobs are way down, but that is a natural side effect of automation, meaning that people get shifted to the sectors that don't automate as easily. Lastly, I'm kind of wondering if the mid-sized companies are really that ineffective at innovation compared to big companies. For instance some argue that it's the German 'mittelstand' that is part of what makes it so effective in its areas of industrial production and innovation. With companies that focus a lot on getting just certain products right and not easily distracted from finding ways to further improve it, rather then some new venture. Still having said all that, it's true that at least in the past quite a few European innovators moved abroad to get improved opportunities. So it does seem like some things might need improving to help such people operate more easily in Europe. So while I wonder if all the points you brought up are really accurate, it might not actually change the conclusion.

[@thomasderuiter6584]

Very insightful comment, I also wonder if lists like these overprioritise innovators in consumer goods and digital technology because of the large economic value of these markets due to the large amount of consumers. To name an example: Apple comes in very high on this list but really doesn't innovate that much, their patents are just incredibly valuable. I think this is more due to marketing and brand loyalty than due to the significance of the inovation. An institution like Wageningen university and research in the Netherlands on the other hand has had a major impact on agritech around the world and is an enormous contributing factor to the Netherlands being one of the primary agricultural exporters in the world. But isn't considered in a lot of innovation meters or charts (possibly also because it's a university, which isn't your regular company).

[@macicoinc9363]

The thing is with most patent systems you have to outline how the thing you are patenting works, which is essentially giving a blueprint to the rest of the competition on your product.

[@macicoinc9363]

@@thomasderuiter6584 A lot of research comes from Universities all around the world. The Manhattan Project was born out of Universities. I agree though, the only thing Apple has actually been innovating on, and this has only been recently, is their m1 and ai chips.

[@brandonbohr.7301]

This channel is gold.

[@RedMissou]

This is just so well made and detailed, hats off to you!

[@PradedaCech]

I'm not a fan of using "Europe" as a shorthand for the European Union. There are quite some big countries missing (unfortunately).

[@marktrinidad7650]

One of the big reason why European tech startups hasn't lift off is because there's just not too much America meddling on its tech policies. Remember when Europe tried to tax American tech giants because of its profitable data mining out of European data and America responds with car sanctions?

[@Urbonn]

I'm happy to discover your channel and hope to see more great content going forward. My only complaint would be that for a channel that claims to foster a common understanding on European matters, you took quite an American centric approach on this topic. Better title would be "Where are Europe's Tech Giants?", because there are plenty of European companies that inovate on a global scale - From Automotive, Pharmaceuticals, Electronics, Machinery that other countries use in their factories, High end Watches and Fashion... The better question would be, "Why Europeans don't want American/Chinese style Tech Giants?" and talk about union/family/co-op business we have at the moment.

[@IntoEurope]

Yes that's one of the challenges I'm facing: I have to confront my own biases that I get from the news I read (and the narratives I am thinking in). It's something I am working on/trying to improve on for the future. Cheers, Hugo

[@uchennanwogu2142]

those European companies are no where near as large as the US companies. The EU has more people than the USA and a similar economy size yet there companies aren't as influential. en.wikipedia.org/wiki/List_of_largest_companies_by_revenue

[@Urbonn]

@@uchennanwogu2142 And yet, the EU has the biggest GDP in the world. But, that's not the point. Europeans value different things and they prefer to have smaller piece of a bigger pie than few massive chunks from a smaller pie - No one here wants a race to the bottom. Also, Americans for some resaon think that only apps are considered innovation. One can innovate in machinery, tools, algorithms, medicine, social sciensces, etc.

[@uchennanwogu2142]

@@Urbonn no they don't data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=EU-US-CN

[@tomendruweit9386]

@@uchennanwogu2142 the Eu is not a centralized state like the US and carrys the burden of the soviet ear with it in its north, the eu is also considerably smaller in size which limits the agricultural sector (one of the biggest Industry in the US). So it is a very strong and unlike the US stable economy. The difference between US style economys and European style economys is that the later has many small to medium sized companys which specialised in their respective fields and usually spearhead them in innovation and quality while fokusing on long term profits and the well being of thier workers. While the former bases its economy on hugely influential cooperations who exploit their people and are very short sighted resulting in an fluctuating economy and low living standard for the average american.

[@coryplum5375]

4:05 Those comments on China's tech companies mislead far away……If you have really checked those tech companies like Baidu, Alibaba, Tencent, Xiaomi, Byte Dance etc in China, you'll find that they were mostly raised by foreign venture capitals, meanwhile most state capital backed tech companies work not fine in China.

[@Lbvg]

high quality stuff. where do you get your research from? or do you have guys on the team that are working in the field?

[@superpancake1859]

Your videos are top tier! I am amazed by the quality of your videos, keep it up!!!!

[@gigipopescu]

Excellent video. The most informative I've seen on this topic

[@luisrosias6203]

I know all the comments say it, but how in the world does this only have

[@robbeandredstone7344]

Now, five days later, it has 16.600 subs for some reason, xd

[@AwesomeTheAsim]

@@robbeandredstone7344 The reason: Quality

[@gene-van]

What a great analysis!

[@martinkunev9911]

4:30 Patent applications are not a measure of being innovative. An arugment can be made that big companies innovate less. Fractured markets and inability to compete with US and chinese giants are probably the big reasons stopping innovation. Add to this the extensive regulations (which also vary between countries) which cause european enterpreneurs to go to the US.

[@paperguyeu]

Great video! The EU definitely needs to harmonize the single market even more and remove the barriers you mentioned

[@IntoEurope]

Thank you! :)

[@shelekhov]

The problem they already did a lot of that on paper but it DOES NOT WORK in practice. They violate many of those rules themselves.

[@kendalljohnson9172]

great video

[@MateStier]

0:43 You left out Bosch, which is a German company and ABB which is Swedish.

[@joaquimbarbosa896]

I think it would be good to mention companies like ecosia or fairphone

[@alfaeco15]

Very well explained

[@osb1945]

This is beautiful just subbed

[@sergpie]

Tardy to the party, but new subscriber here; very informative and helpful from a European perspective. Thanks for your work!!

[@arthurdebacker4797]

I'm divided on the subject tho, Innovations needs to be going faster in the EU definitely in data and tech, there also needs to be strong regulation against too large companies ruling over governments. I don't want to rely on companies to make 'good' decisions like in the US. As if companies are going to invest in the greater good. Too large Companies pollute heavily and avoid taxes, and build large corporate structure with no use outside of that. They even build the US in a way that you rely on other companies to do basic things, like get to your jobs (everything is car centric, everything is lobbied by and enviromental impact is ignored). And in China the people have too little freedon to move around by themself because everything is state owned or controlled. I like the quality of life I have now, and would love for there to be more innovation in useful fields, like data and quantum computing, AI, space exploration, construction, green tech, blockchain tech and more but this should not come at the expense of freedom or quality of life imo. Moreover, these 'tech' giants are really not the only bit of innovation we need in the decades ahead, we need green tech for better extraction of clean energy, we need ways to feed a growing world population as a whole, AI and data will help and innovation is a good thing but saving millions of peoples lives by providing efficient resources to more people will benefit in the long run. I don't see any company on that list doing that as if now. Also lots of companies nowadays still thrive on large scale government investment made 30-40 years ago with big government spending during the cold war in the US.

[@philippfinalizer]

This channel will become big, mark my words.

[@am1d]

As a tech person, regulation should be #1 on the list. And it is about to be much worse with DSA, DMA, DGA and the new AI proposal

[@shelekhov]

Yes EU needs more piles of regulations so start-ups don't even have a chance of any start.

[@zwykyziomek2570]

Very good conclusions, for me the biggest deal is locked workforce potential because of high taxation and economic equality policies. You don't conquer the world with these.

[@Sacre97]

This comment dates from when this channel had 12k subs. And 3 days ago it was on 6k. This is exploding!

[@jhenin06]

Always important to remind people that the EU isn't, unlike the US or China, a country : wanting to compare them for everything is pointless. Really good videos, I've began to think of launching such a channel for the past few months, now it feels like you cut the grass under my feet 😂 must admit I would never do that great

[@IntoEurope]

I'm actually looking for help with the channel so if you're interested and motivated, shoot me an email :) Cheers, -Hugo

[@buu678]

@@IntoEurope are you paying?

[@alexandrealphonse69]

@@IntoEurope what kind of help? I'm a Spaniard-French Eurofederalist and I'm loving your channel :) It's pronounced "SáncheZ" not "SáncheS" by the way ;)

[@IntoEurope]

That's up for discussion, it also depends what kind of help people bring, but I'm willing to have that conversation. I'm mainly looking for someone to help with animations (and maybe music), but if you have experience with policy/researching questions, shoot me an email!

[@buu678]

@@IntoEurope what is your email address?

[@B1_66ER]

I liked this video. TechAlter did a good video on this subject, but from a different angle.

[@samuelpaulini]

I think it rose up thanks to the nature of post-war rebuilding of the west centered around the US and the mismanagement present in the east block.

[@personperson717]

I completely disagree with the lack of 'European champions' being an obstacle. The EU needs more competition, not less. What we need to do (as was mentioned) is to further integrate economies to create more competition. Creating nationals champions like Siemens-Alstom would have the opposite effect.

[@user-mc2gm6fz9i]

Are you pro large mergers or?

[@machielvankats5567]

Altough big companies can dominate and have big budgets for innovation, its actually better for the people to have small companies competing. This makes it so that companys have less power to have everything their way and effect the gouvernment. Also it gives you more alternatives to work at different places while big companies would give you no other choice to work there even if you are treated badly.

[@destroyer-tz2mk]

From my understanding the EU brought it upon themselves with so much bureaucracy and regulations.

[@ethanstump]

The united states and China have even more bureaucracy than the eu, and more regulations per Capita than the eu. Claiming that too much bureaucracy is why the EU doesn't have these types of corporations is an uneducated comment. I honestly believe it's a good thing that their isn't a European Amazon, since that's a good thing for European workers and customers.

[@destroyer-tz2mk]

@@ethanstump First off the labour laws in the EU are way more stringent (to the company) than China, and even the US. Second of all I never said China and the US had low bureaucracy but at least there wasn't as much bureaucracy and regulations as much before in the US and China when they were still growing.

[@ethanstump]

@@destroyer-tz2mk as a worker, isn't it nice that at least on paper it says that they can't do what they are currently doing to you? and yes, as capitalism advances so does bureaucracy. and that's the case in Cuba/Norway/USA/china/India/Guatemala/Nigeria. the regulatory state is beneficial to the oligarchic capitalists. or at least causes them the least amount of harm. if you want less bureaucracy, your going to need to get out your mosins rifle.

[@cncmne7404]

I think its mostly up to mentality. Start ups are generalry not as "sellable" as in USA and China because they are something which most of the time fails. Europe tends to invest into cementing its own proven industries rather than making new ones. That is why even tho European companies may not experience massive influx of revenue in a short time , they are far less prone to experience any failiures either. Its the slow and steady approach basically , like our houses , it takes much more time to build them than American ones , but once built they are here to stay for a very long time.

[@hjjh46]

The only option for the European Union to success is to become a country. Together we will be stronger.

[@sucram1018]

No, compete with each other nationally and stop trying to make EU a fucking country.

[@GigaVixi]

At 0:44 Why Adidas was not underlined in yellow as a European company?

[@fietsenOveral4650]

As a software engineering living in Silicon Valley, it's hard to feel supportive of American tech companies. Beyond technology, these companies are often innovators in exploitation, grift, and manipulation. Many people would like to see them reigned in. Every time I see Europe knock down Google or Uber a peg, I watch with a degree of envy. In 2020, after blatantly skirting labor laws for over a decade, Uber & Lyft basically bought themselves a law in CA by funneling $200m into a ballot measure. For average folks living in Silicon Valley (who haven't been forced out by skyrocketing housing costs), quality of life has generally declined in most measures, and at best, tech companies have done little to help that.

[@vampy8723]

The EU's legal actions against Google and other large American companies are just political posturing and expressing how weak the tech industry is in the European continent compared to what you can find in the US and China. Instead of trying to put the effort into cultivating a capable startup environment. the EU just attacks successful foreign companies.

[@baronvonjo1929]

Can you make a video on how sustainable European social services are like healthcare and such when in a few decades much of their workforce will retire.

[@macicoinc9363]

I would very much like a video on this. Potentially comparing them with Japan.

[@zied6456]

Since 1945 labor productivity has only increased, the concern is that wealth is accumulating more and more in the hands of a minority. Not to mention tax evasion, fraud. A fair distribution of the added value of work will not only maintain the welfare state but can curb the unemployment that today is artificially created to keep wages down.

[@Coeurebene1]

The common market helping to reach critical mass faster is an argument, but it's only a small part of the equation. Look at some of the biggest tech hubs in the world: Tokyo, Singapore, Tel Aviv, Zurich, Seoul... they don't seem in a rush to merge with their neighboring countries.

[@SP-kh7cs]

Basically protectionism is the culprit here. Anyway, Into Europe, you have just got a new subscriber.

[@henning1152]

You mean Europe is protectionist?

[@ekanem2954]

Great video

[@meawwow]

India has 28 states and 22 languages. Totally unintelligible, culturally unique languages. But we benefit a lot from our unity, iI hope the same for EU .

[@davidbilla8063]

We have our own silicon valley in India.Soon india will catch up innovative race

[@kennethadler7380]

You also speak english

[@theamici]

I would just like to say: having giant tech companies is not an automatic goal we should aspire towards. Our SMB culture on the other hand is something we should be proud of.

[@jacintovski]

An interesting topic for sure, but there is the concern that the mergers will dominate local markets. It's a big threat to national sovereignty. How can we guarantee that the mergers will guarantee workers' conditions, the maintenance of local markets without being out competed and low prices for consumer goods if there aren't strong regulatory measures and restrictions? How can we guarantee that the countries of the lowest industrial output won't feel absolutely dominated? A threat to national sovereignty in the member states is a threat to the continuation of the Union itself. We're already seeing a pattern where southern Europe feels like it's being exploited by the bigger economic powerhouses of Northern and Central Europe. We already have cases of discrimination against Southern Europe made by high officials of the European union which in on itself doesn't help at all. Considering the rise of nationalist populism in Europe how can the further integration of markets be accompanied by the guarantee that the countries with weaker economies can grow too without feeling the fears of the loss of national sovereignty and tee centralisation of tee means of production to larger economic powerhouses in the European Union? How can making the European Union more competitive in the global market be a threat of the very continuation of the union itself?

[@user-wv8qd8nx5k]

Your innovation definition revolves around the internet ..

[@baileygregory5714]

Brittian was the home of the industrial Revolution not the EU

[@IntoEurope]

There has been more than 1 industrial revolution :)

[@franknwogu4911]

and the usa was the home of the second industrial revolution

[@HectorVillaFernandez-AmunJazz]

I think this video misses totally the point: EU, while far from perfect, provides a true anti-trust competitive market, where you can grow and make a living as a SME. Both in China and USA you have 2 options: sell big to humoungous conglomerates and investment groups, or be crushed by them later for not selling. Is time to stop with the idolizing of big companies: they rarely are the ones that make a good return to society. That big "innovative" companies from USA and China have reached their position mainly by three ways: destroying privacy, labour abuse, and patent and law abuse. Honestly, I feel lucky knowing that here is a little more difficult for big companies to do whatever they want.

[@IntoEurope]

Yes I understand that point of the competitive market. However for some technologies and some sectors, there is a need for scale to operate: you can't have an SME producing millions of smartphones a year. This is not idolizing big companies nor saying that they are better than SMEs, it is saying that Europe has an absence of an ecosystem that can generate them, going from R&D to funding, eventhough they might be needed. The fact that it is hard for new companies to come and scale in Europe is a problem: the incumbents rarely have an incentive to innovate. The US and Chinese markets for all their flawed conglomerates/state owned firms are stimulating their innovation in this way. Hope this clarifies! Cheers, Hugo

[@HectorVillaFernandez-AmunJazz]

@@IntoEurope Economies of scale reach an optimal point, after that point growing actually increases costs (diseconomy of scale) Also, the most susceptible part to economies of scale (smartphone parts creation, batteries production, and assembly), is already done mainly by clusters of medium-sized contractors in China, proving my point of not needing big companies for reaching an optimal point of scale (most of them do "only" 10.000s-100.000s smartphones a year) Also, while I not deny that the gross investment in USA and China is in average better than the EU, and it is a very important factor to account, assessing innovativeness by the BCG study leaves a lot to be desired, since 3 of its 4 measured indexes are biased in favor of big companies: -Global presence: biased in favor of multinational conglomerates, while misunderstanding something as basic as how innovation tends to be convergent (different people arriving at the same idea independently), and thus how overly common is that many regional companies patent the same idea in different regions (excluding one another from competition outside their region) -Share return: most SMEs are not even publicly shared companies, clearly biased in favor of big companies again. -Executives votes: the ratio of executives is bigger in big companies, making this value biased in favor of big companies. Only "industry disruption" could be a fair index, and we cannot know it since they don't disclose their sources. Using number of patents is also unreliable, since a bigger number of patents does not prove a greater innovative impact (especially when taking into account the common malpractice of using patents as an economical weapon, or "patent trolling"), and because most innovation: -Is not patented (the patent process itself not used or not estimated as worthy by the innovator, or using an alternative registering process to patenting) -Cannot be patented (ideas themselves cannot be patented, leaving out most of the innovation as un-patentable) -Shouldn't be patented (is not worthy for the company or the individual the ensuing litigation that posessing a patent ensues) Less reliable even is using applications instead of approved patents, since it makes more sense for big companies to apply for patents that they know they are going to be rejected, as a way of blocking further patents (part of the mentioned "patent trolling") And saying that scaling up is needed to innovate, is at a disagreement on how inconclusive is research about the relation between size and innovation: with both neutral, positive and negative correlation depending in the design of the study itself. Mainly, because there is not an objective way of measuring innovation. Also totally undermines how much innovation is done by university and public researchers, normally without profit or immediate application being the motivation. Sorry if I sound harsh, I think many of the points you raise in the video are important, but I see some worrysome problems on how they are approached.

[@Kevin-gm7gx]

Sorry but that's not true, chinese and american companies do not exploit the market. They win through innovation

[@meinnameistlol5081]

@@Kevin-gm7gx please look closer. most people would be much better in america, if companies would be more regulated

[@uchennanwogu2142]

@@HectorVillaFernandez-AmunJazz Dude you literally are on Google. One of those silicon valley large companies. When you talk actually mean it.

[@Josukegaming]

The overly free market in the US is hell, I'm glad that EU doesn't have massive monopolies running half the economy

[@hasinabegum1038]

Europe is more monopolised imao

[@gival9042]

Question: Why do we have to measure the success of a country (or a region in the case of Europe) by the amount of large companies? That is not what Europe is. We should value our craftmanship over standardized mass production; our scattered economic landscape over the concentration of wealth in few big cities; the strength of our small businesses (that in many European countries are the main source of the GDP) which are able to work together creating strong nets of cross-collaboration and cross-dependence (see the example of the Italian industrial districts); our labor rights that the previous generations gained after years contractual agreements and and discussion (sometimes harsh ones) over workers' exploitation (China) and extreme work ethics which leads to stress in the work-life balance (ask a random US citizen for details); our welfare States that grant us incomparable services over an overregulated and ultra-privatized economy. Just to name a few. We should make all these aspects our competitive advantage and try to leverage on that, instead of trying to mimic what those 2 players (China and US) are doing, with the result of falling in their trap (see the bad results brought by the single currency, strongly supported by the US, the luckily failed attempt of the US-oriented TTIP treaty, etc.). It does not matter if we will not reach the big numbers of those 2 countries, that is not our target because it's not on that that the success of a country (or area) is based on, especially in our case.

[@sucram1018]

@@abaraviciusdominykas4584 Europeans don't like taking risks in general.

[@sucram1018]

@@abaraviciusdominykas4584 How could it not be? From 2010 to 2020, Europe has not had any major nor built any major European unique tech brands. Even in media, entertainment, food industry, and streaming. America dominants that. Even China has their tech brands unique to China. Why hasn't Europe or Europeans built any major tech or industry brands that the global loves and respects? Is it because Europeans don't like big stuff or they're intimated by big things, is it because of not willing to take risks? Name several or major European unique tech, media/entertainment, food, and streaming brands that Europe has built or has today?

[@sucram1018]

@@abaraviciusdominykas4584 Okay, but what about social media, search engine, streaming giant, and global or continental enterainment companies that are on par with Netflix, Disney, Amazon Prime Video, and etc. One country basically has a monopoly on cultural entertainment.

[@ja_u]

0:44 weird that you missed Adidas and Bosch there..

[@cristitanase6130]

They are suffocated by rules, taxes and regulations. They lack any incentive to risk, and they are literarily and physically chased out of EU by the bureaucrats at Brussels. Same goes for the entrepreneurship sector. It is a total disaster. The taxes are insane, the bureaucracy is insane, the credit protection and bankruptcy is... none, and on top of all EU sees us as "tolerated young capitalists" that will eventually "grow up and get tax farmed" by the bureaucrats. And all this in a global word where you can move anywhere for better taxes, better connection, better protections, better access to capital, less bureaucracy, less rear-kissing and far faster market and consumer reach. In the end the choice is rational. Why EU? Why not India? Why not US, Canada, or even China? To enrich the bureaucrats and over 50% of state employees, a huge slobbering pension and welfare system and millions over millions of paper pushers? All this with your risk, sweat and health? And in the end to see those Brussels bureaucrats erase your entire work with a pen in five minutes because "it may have some kind of projected impact on the planet" or "is not aligned with the common values". The same planet where China dumbs billions and billions of unregistered pollutants and CO2 each second? The same "common values" that non-elected officials and their shadow masters choose to enforce when they see fit? In the end EU is what it is, a huge bureaucratic class that sucks the life and capital out of the little entrepreneurial class it may exist. The second those 50% that work at the state and the rest of the welfare recipients including retirees and unemployed will desire they will "vote" more taxes and your entire work is gone. You will be out priced, over taxed and over regulated and you will never be able to expand or God forbid, make a profit for yourself, and actually, actually keep the money! Nope, hard nope. I live in East Europe and I can tell you, we had a better entrepreneurial (jungle capitalist based) system before we joined EU. Now is all dead. Everyone and their mother are dependent on EU programs for their business, the US large corporations have no local competition, and we're only working for them as outsourcers or sell our companies to them as they are the only ones with will and capital for investment. Sadly we escaped the URSS style economy, just to enter another pile of garbage. Don't know about you, but this crap is NOT capitalism. Whatever it is, it does not work here and we will soon be adding millions and millions in welfare recipients to the EU "project".

[@ethanstump]

But I thought that it was only Communism that was different in theory and practice? /$ face it, this is the true face of the ruling class of merchants. The IMF has more regulatory power than these individual nations. also, if you want less bureaucracy, don't come to the USA where I live, and certainly not China. And India? Forget it. there's so much hidden bureaucracy it'll give you a heart attack. Also, it's downright puzzling to me how capitalists hate people with nonvolatile stable incomes? But it's because YOU don't control welfare incomes which upsets you, that you have no choice but to have the same amount of authority as these folks. And finally, if you hate bureaucracy, than kill it by decoupling survival from these bureaucratic jobs, but you can't do that, because you must believe that work is a moral in and of itself to continue doing what your doing. Not all work is created equal, and one of the only things that will kill this administrative layer is to pay people not to be administrators, by way of a universal basic income. And finally, the private sector is more bureaucratic than the public sector. Pot, meet kettle.

[@cristitanase6130]

@@ethanstump Actually the CURRENT state of affair in the west is NOT CAPITALISM. It is a disgusting and filthy mutant between CORPORATISM and SOCIALISM, yes even in US, where the state intervention in the "free market" is visible from the moon. Same happens in our beloved EU, another mutant of corporatism and socialism with a good dose of bureaucracy and state intervention. Actually today, maybe just Switzerland, (not sure) has some kind of "capitalism" in place. But I think not. We do not have a single "capitalist free market" economy on the planet anymore. Slowly each and every country politicians started to fight for more state control in order to gain more personal power, wealth or to help those that back his candidature. And the CORPORATIONS are nothing but huge oligopolies that have absolutely no intention on keeping the market "free" and that they use their power to control the politicians and trough state regulations and interventions to gain more market share or even funds directly from the state itself. We are living in a half-communism but we think this is "capitalism". No, it is not. At best is "SOCIALIST CORPORATISM". If anything bad happens today, the media blames the mythical "capitalism" but in reality the state control and intervention is absolute and there is little the "free market" can do about it. And to see how far the state control got... no one bats an eye if the president of USA demands all companies to FIRE the employees that don't obey top down state mandates! Because that is when you know you're living in COMMUNISM. When the "dear leader" can dictate who can have a job and who can starve, and the media goes overboard to praise him/her!

[@ethanstump]

@@cristitanase6130 "When the "dear leader" can dictate who can have a job and who can starve, and the media goes overboard to praise him/her!" but can't you just work for someone else? /s. isn't that the beauty of capitalism, where you aren't tied to the one boss your entire life? 🤷‍♂️ seems good to me. 🤡 on a more serious note, this is the next stage of capital accumulation. any attempts to reform the system would be viewed as anticapitalistic, and would infringe on property rights. and even if we were able to wind back the clock without infringing on property rights, what's not to say that the very same conditions we have today would not just occur once again. buddy, your talking to a communist, and i would love to lord it over you that i won, but i haven't, I'm beholden to the same corporate system that you are. grow the fuck up, and learn something.

[@cristitanase6130]

@@ethanstump Biden told EVERYONE TO FIRE THE UNVAXERS! That is TYRANNY!

[@ethanstump]

@@cristitanase6130 public health measures are tyrannical. hmm, your the type of person to try to escape the quarantine during the black death in the 1400's and spread it to other people. and that's a revolutionary who believes in overthrowing the bourgeoise state talking. if your trying to be a traitor, at least let it be because of the right reasons.

[@mortenlund1418]

Regarding your last comment - that we will never integrate as much as would be needed. Or desired. Maybe if we cant go deep - we can go wide! Around 2014 or 2015 (before Crimea) something big was brewing. Very big. There is a group of intrepreneuers, among others, who work for a single market from Lisabon to Vladivostok! Could you look into that in a future video? If you do so, could you please look into what is called the Heartland theory? Some English invention, but important. This will open up a Pandoras box of why and what to expect next, when looking at different countries foreing policy.

[@d.a.g.c961]

With this kind of problems in language why there no companies focus in instant translators machines.

[@Somajsibere]

I don t think this would be such a problem if the research was done by the state, or if it would be counteracted by large investments into science.

[@anelkia27]

Yeah

[@mickmickymick6927]

Also I personally hate when commenters say what should be done at the end. This is my opinion but it doesn't matter what some journalist or video makers thinks. I mean no offense here, your videos seem good and I'm sure you're a good guy but even an academic who has said all the facts is only left with their opinions, it is far more valuable to say things that are true, your viewership is smart enough to make up their own opinions. This is another major gap in the already pauce analysis of european affairs. We don't have the likes of Nate Silver, Nate Cohn or Noah whatshisname, we tend to have ideologues who are driving an agenda.

[@gwilasean7928]

You forgot a big one in inovation !!! Its in the netherlands .. taiwan cant work without it It all starts in the netherlands .. Apple and microsoft (all tech) needs chips mostly from taiwan and taiwan needs it machines who come from the nl from the company “ASL” the nr 1 in chip manufacturing machines

[@sbeyer17]

He's a french right? Tu as un bien accent Sry for my bad french

[@leonardo2108]

I think language barriers have a lot to do with it. Europeans study English and most go to the US

[@Mrdinomist]

No most don t go to US . I don t know where you got that data but it is true at all.

[@leonardo2108]

@@Mrdinomist I'm from Italy, many people that study go to London and some in the US. Im mainly talking about tech professionals and scientists

[@Mrdinomist]

@@leonardo2108 a ok then because there good places to work in Europe now i study in Germany because after Uni they give you job options and you can get really nice pay in Munich.

[@alisuroor8962]

Problems of American and European companies. ALI SUROOR

[@lordbuttertoast7965]

Maybe one day your Videos will translated in all european languages

[@thetimes5664]

After consuming adequate amount of data through books, videos and podcasts I can surely summerise, in upcoming decades, China is going to be new America and India the next Europe of our earth. There is many things to consider but just one point / view to illustrate 👉India and EU : multilingual and multi ethnic US and China : infragmented(Unified ) by language, peoples 's minds (estimated) towards governance

[@macicoinc9363]

I mean, it is possible. However, there may be several hurdlers that China and India have to get over to fill those shoes. I definitely think India has a higher chance of prevailing than China does.

[@somewherenear3003]

0:45 You've not highlighted ABB(swiss company), Bosch(German), Addidas(german) and many other.

[@CaliforniaMan13]

There are a lot of innovative startups in the EU, but the difficulty of acquiring financial investment and acquiring/retaining top tech market talent, compared to the US, is holding them back. The lowest hanging fruit for the EU to begin to resolve these issues are to deregulate and lower taxes to allow companies to pay more while still remaining profitable (profit which can be reinvested in R&D). As a data scientist, I can make 4x more per year doing the same work in any mid-sized/large American city than I can in London or Paris, and my taxes and cost of living are dramatically lower as well. If Spain/Greece/Italy were to create tax-free special economic zones, especially in cities with cost of living and taxes being comparable to the US, the EU would simultaneously solve two major issues; the lack of growth in southern EU, and the inability to attract top-tier tech talent.

[@nonculus]

What do all those billions do if they land in the pocket of 1%. I'd rather have slower development with more benifits for the less fortunate

[@csabamihaly8732]

UiPath a Romanian startup just jumped ship recently.

[@diarmuidbuckley6638]

Jumped ship? You mean IPO?

[@olivervdn9922]

ASML?

[@carloberruti178]

What is that tiny island east of Ireland at min. 04:00 and other similar sections? If it is the Isle of Man, well, it was not part of the EU even when the UK was 😀 (it has always had a special status, under the British Crown but not part of the UK, and never part of the EU)

[@alexandrealphonse69]

for the algorithm

[@wile123456]

The EU is the only place it seems to actually uphold the original notions of capitalism. Regulation is core to maintain a free market, and while it's nice to allow huge mergers, after 50 or 100 years no startups will be able to compete. We see this now with computer chips (CPU's and GPU's) and especially with banks and money institutions in the US. The biggest institutions are old Companies and mergers from the 1920's or before. If a company does arise the existing huge companies just buy up everything. Also look at Amazon and how it destroy all its small suppliers and steals their ideas

[@franknwogu4911]

How capitalist, tariffs and taxes.