Why Europe Failed in Tech

Get ready for an enlightening deep-dive into one of the most intriguing questions of the tech industry: 'Why has Europe struggled to produce its own tech giants like Apple or Google?' This thought-provoking analysis will unravel the complexities of Europe's tech sector, shedding light on the factors contributing to Silicon Valley's dominance.
From regulatory challenges and startup culture to investment ecosystems and education, we will cover a wide range of factors that have stymied Europe's rise as a tech powerhouse. Featuring expert opinions, comprehensive research, and compelling data, this video dissects the root causes of this technological disparity.
If you're interested in technology, entrepreneurship, or global economic dynamics, you won't want to miss this. Join us as we delve into the untold story of Europe's tech industry, presenting insights that have yet to be widely discussed.
Don't forget to like, share, and comment on your views about this issue. Let's spark a conversation that might just change the future of the tech world!
Europe tech failure, Why Europe can't compete with Silicon Valley, Europe's, tech renaissance, Can Europe catch up to Silicon Valley? The future of European tech The European tech revolution Silicon Valley vs. Europe Tech giants Entrepreneurship Innovation Culture Regulation Education Government
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[@CuriousReason]

"The USA innovates, China replicates and Europe regulates".

[@jbi1839]

They don’t fail in Tech; they fail in Tech market.

[@kenji214245]

Was just thinking this Northern EU has some of the worlds most advanced and respected tech manufacturing and research there is but they are small scale and mostly do either speciality orders for the giants or just in general push and sell new tech solutions to them. Their goals was never to become the big money companies just to the most stable and advanced ones.

[@kricku]

​@@kenji214245 I mean who doesn't work for Ericsson in some way?

[@KAIZORIANEMPIRE]

SAME THING, they failed in Tech umbrella

[@BirmDindaeng]

Same as Japan, they cant sell their best technology😅

[@efeddwdw9782]

@@kenji214245 ASML tech is licensed from a US government (DOE) owned company - EUV LLC under full congressional oversight. Extreme ultraviolet lithography lights and lasers are made in the US, and ASML research is funded by the US. The US government can take away tech given to ASML if ASML doesn't abide by US rules.

[@pavstp8442]

It is easier to enter the EU by boat than through the government.

[@cybertobify]

which is also called treason

[@lenasvoray487]

same thing applies to the US

[@RiteMoEquations]

Stop blaming all your problems on migrants. Europe already has a problem with low birthrates, and having an economic recession and higher levels of unemployment will inevitably lead to lower immigration. The US takes in millions of immigrants from around the globe, and it's been the richest and most prosperous nation since 1900; and unlike the demographic crises in China and Russia, the American population and Real GDP is still growing. Use credible and acceptable economic theories, or undisputed historically accurate factual claims, to make arguments about the decline of Europe's hi-tech sector. Find another scapegoat. All of the migrants and refugees wouldn't be heading toward the EU without open borders, and Europe's history of colonialism and military intervention in Africa, Asia, and the Middle East.

[@stischer47]

True. I was trying to migrate to Spain legally, checking off all the boxes...which kept changing. It got to the point that my immigration lawyer in Spain gave up and said it would be easier to fly to Africa, get on a refugee boat, and sail to the EU.

[@Antros23]

Mentioning airbus failing vs Boeing didn't age well😂😂

[@moonnippy]

If you prefer flying with the doors closed, risk aversion may not be as bad as it seems

[@PhthaloJohnson]

Airbus was never behind Boeing in any way, so it seems weird that would be given as an example.

[@Nowhere-from]

You need far many more examples to claim Europe is a tech leader. But you're not trying that of course.

[@gediminasmorkys3589]

@@Nowhere-from far many more indeed.

[@kenji214245]

@@Nowhere-from That was never the point based on the context. Just the Airbus in general when it comes to their products are kicking Boeing's ass big time.

[@innov4u]

I founded a patent attorney and engineering consulting firm in Israel. I then tried to expand to London, UK. I found there, to my surprise, an anti-innovation atmosphere. Some tend to reject, sneer at, or hinder innovation. After incurring heavy losses, I closed that London office.

[@flavio7180]

Which is especially funny since the UK is frequently ranked as the best European nation for start ups, and the one with the biggest tech sector. It's safe to assume that if you encountered those problems in the UK, it would have been far worse in Italy or France. Just goes to show how far behind Europe is.

[@cejannuzi]

UK and US have very conservative legal systems, including patents. They don't let outsiders in easily.

[@StEvUgnIn]

That’s an interesting story. Would you be available for a quick chat?

[@James-st9uu]

The UK has the third amount of tech unicorns in the world.

[@StEvUgnIn]

@@James-st9uu That's why they did the BREXIT. All their VCs come from United States.

[@dimitarmargaritov]

We are constantly shooting ourselves in the foot with mostly meaningless regulations, heavy taxes on prospering businesses and so on.

[@DarthAwar]

Taxes (Federal and State/Regional combined!) should never be more than 35% and never lower than 20% providing the Business is reasonably successful Personal Tax should never be more than 30% unless you start making millions a year (than can increase slowly to 50%), & no less than 15% providing you are earning enough to pay rent/mortgage food fuel insurance power water rates etc Also no Corporate Welfare if you don't pay Fair taxes to begin with (eh not using the Double Dutch or Tax Haven Loopholes or selling stock to a national branch at a rate it makes little to no profit of the same business like Apple does!) Corporate Headquarters must be in the Country of Founding and where most board including Ceo president Co CFO etc work/reside Why should The Rich or Big Business make profit but not pay a fair amount of tax on the money earnt too keep the Nation Solvent with well Educated Work Force and Good Infrastructure nevermind bailouts debt defaults etc for big business when it's the tax payer's that fork out for it that stuff isn't free

[@iirekm]

@@DarthAwar You can't forget that in Europe there's also VAT (up to 25% on goods you buy) and enormous social security taxes (which go for unemployment-time salary, healthcare, pension, disease-time salary, etc), and those things add up sometimes to even 70-80% of income! The current system in Europe is broken, unsustainable, and impossible to change because now majority of voters in EU are at pension age or few years before pension age, and they won't agree for smaller pensions or working longer in return for lower taxes and better business opportunities. There's some hope in Eastern EU countries that joined EU after 2000 (Poland, Romania, Bulgaria, Estonia, ...) - they had no time to get into the tax and social benefits trap, and still have decent tax rates, which attracts tech businesses.

[@Gunnl]

Europe doesn't need apple or google ... I am happy that we've shot ourselves in the foot and did not allowed companies to make money off the exploitation of people's (data, in this case)... keep apple and google.

[@kenji214245]

@@iirekm Yes but they are also some of the most EU funding reliant nations around. Poland being the second largest recipient of EU funds overall and they used to be the largest until Ireland stepped it up a few notches. Romania is a cesspool on the edge of turning into a totalitarian state at any moment with some of the worst corruption on the entire continent, Estonia still relies so heavily on Sweden and Finland it would be a miracle if they could even function without their support and lets not talk about Bulgaria. The eastern EU is looking good because their growth comes from such a low point just reaching basic standards looks like an impressive accomplishment when seen in raw numbers. The best thing they have done is make the rest of the EU even more united and even begin to consider the possibility of adding a clause in their charters for kicking out nations not living up to the goals and promises to join the EU. Imagine what would happen to eastern EU nations if they start losing their funding and maybe even memberships it would be a total collapse on the east.

[@iirekm]

@@kenji214245 Yes, but all EU benefits come at a large price tag: competition from companies from richer EU countries that now can freely open business in newer member countries. In '90s and early 2000s, when foreign capital was low, everyone in Poland with some decent access to capital (e.g. rich family) and good mind could create a great business, that's how most of Polish millionaires (and also russian and Ukrainian oligarchs) have started. Now due to enormous competition from richer member countries, it's hard to repeat this "American dream". And also a lot of potential tax revenue isn't paid locally, but in country where the business comes from, bigger EU-wide companies can also do more "tax optimizations", which is bad for local economy. Even such basic, crucial businesses like grocery stores in Poland where everyone does daily shopping, 2 decades ago were mostly Polish, now are in foreign hands. As always, there's nothing for free in life, money inflow and access to markets from one side, but no more Polish "American dream" and lot of taxes unpaid locally from another.

[@zzip0]

It is very annoying when misusing "tech" instead of "software". Most of the US companies mentioned are actually software.

[@RaineWilder]

Like which ones are just software? Even Google makes hardware, through vendors, but still. Perhaps Spotify is only seen as software or service but they barely deal with software, most of it is tech infrastructure.

[@zzip0]

@@RaineWilder Where can I buy real Google made HW? Don't bother with phone, pls.

[@JoshuaCartetrbtv]

Software is technology dodo

[@zzip0]

@@JoshuaCartetrbtv But not all technology is software, dodo

[@zzip0]

@@JoshuaCartetrbtv But not all technology is software dodo

[@dave23720]

if a small market with english as not a native language is so detrimental to tech development how come Israel, estonia or singapore achieved success? its all about regulations...

[@Luchs06]

Well in the case of china, regulations banned american and most western companies from its market, which gave chinese companies an undisputed home market from which they could expand. So you think more regulations are the solution? 🤔 I dont think thats the solution. We have a really overaged, non progressive and tech adverse population in europe. Many regulations are just a result of this situation. Regulations in general can be helpful and a certain wariness is not always wrong. Many big companies in europe are slow, but if we look at medium and small companies the situations looks a lot better. And sometimes while the us runs behind the newest trend and biggest moneymaker some europeans just try to make the best screw everyone still needs.😉

[@CuriousReason]

I think companies coming out of those countries you mentioned primarily built their companies around the US and English speaking market.

[@mij6918]

100%. And Taiwan and South Korea, some would have you believe are also small countries, and we all use chips and devices made in those two. There is no reward to innovating or being productive in Europe. Every institution wants to get in your way as their own little way of feeling important and relevant, from tiny activist groups and local councils all the way up to the high courts and the EU, and if you do manage to succeed they'll all come cap in hand ready to take a much larger share of the pie away from you than what happens elsewhere. Why would anyone set up here when they can just go to the US? "REGULATORY SUPERPOWER" isn't going to change its ways. Europe is too slow to keep up in tech. Tech innovation is only getting faster and Europe is not.

[@jcliu]

The problem isn’t being a small market without English as a native language-in that case, you just use English for business. The problem is being a medium-sized market that’s large and rich enough to support a sustainable business in your native language-which saps both the incentive and capacity to break through to a global company. That’s why French and German tech companies remain provincial, while Scandinavian ones occasionally break through.

[@mariobadia4553]

​@@CuriousReason I noticed you have an older video about the leopard wunderwaffe do you mind doing an update now that a good number of them have been abandoned and destroyed Beyond repair??????

[@laulaja-7186]

"How can it be that the most developed part of the world..." There's the problem right there: Living in the increasingly distant past. Europe has a lot of good things going for it, but ignorance about the outside world can breed complacency. Northeast Asia, North America, and Down Under are all highly competitive. And there are bright spots elsewhere too, like Singapore, Bangalore, and Israel.

[@fernandoamy8278]

That sentence struck me as well. Europe is not more developed than the USA or Canada. Japan is highly developed, and so is Australia. It just shows me that some Europeans have lost touch with what's happening in the rest of the world.

[@ingemar_von_zweigbergk]

eu needs to have to have the same business laws in every eu country to enable a company to more easily do business throughout the eu

[@tiyes94]

Still it wouldn't reach the flow like in the US since language barriers and different working cultures occur. But at least it would make things a little easier.

[@sophieedel6324]

Europe also needs to block US Tech companies from colonizing Europe. China was behind on tech too, they straight up blocked US companies and blocked every US takeover, now China has a thriving tech economy, while Europe is in the stone age.

[@reinertgregal1130]

​@@tiyes94 We can use english though.

[@DrJams]

EUs cookie law makes it harder to make money on tech

[@Tom-sd2vi]

Problem: southern europeans are lazy and having to compete with the north will bankrupt them. Like what happened to Greece.

[@HobbesRochester]

The Airbus comment did not age well. Risk version in an airplane company seems the right way to go.

[@Nicky_TM]

The story of Dutch tech giant Philips declining from a massive company that owned entire towns to what it is now is very sad

[@zeljkokaradzic7894]

Why it failed?

[@freebusycat]

Not sad, Europe became socialist, that's the price they pay, the fall of Europe for embracing socialism

[@yanglee1404]

@@zeljkokaradzic7894 To what I know, Philips is similar to Siemens of Germany and Sony of Japan, they embrace consumer electronics for too lengthy a period. But Siemens does divert to transportation and medical equipment, etc, and Sony holds ground in ccd camera, etc. Philips is even much worse than Sony and Siemens in later years in profitability. It is an insurmountable issue when a big company loses money for some years. The lucky part is, ASML does split from Philips. Now it's a tech giant.

[@kai4824]

@@zeljkokaradzic7894the original company is now developing high end medic gear, all other is a third party under the Philips brand licence, like the televisions with Philips branding is a Chinese Company.

[@jirikral1052]

​@@zeljkokaradzic7894 kzbin.info/www/bejne/jXaYaYyfqMx5m7M

[@yanglee1404]

I have to say it's a logical and reasonable report. The overall environment in Europe cannot compete with USA, Canada and Asia, especially the East Asian countries.

[@thyblackpanther]

Bro tried to sneak in canada😂😂let me guess where ur from🤔

[@yanglee1404]

@@thyblackpanther You are right. I should not include Canada. Europe cannot compete with US and East Asia in the digital world, be it hardware or software.

[@DRDBASAKGOVTACCOUNT]

Europe is so tiny even much tinier than a single province of Canada..loll​@@thyblackpanther

[@thyblackpanther]

@@DRDBASAKGOVTACCOUNT 😬

[@pepehimovic3135]

@@yanglee1404bro said East Asia like it’s not just China and Taiwan + Samsung

[@DC9848]

1) On the flipside U.S. has currently major problems with having so large companies that they can sway politics, avoid taxation and local regulation. They pay 0-3% tax compared to normal 10-35%. In this aspect, EU has better diversity of small and medium sized companies. 2) There is clear trend of reshoring electronic manufacturing from Asia closer to the western markets due to geopolitical reasons. This has become possible from highly automated factories, so I wouldn't personally bet on Asia having tech manufacturing in this large percentage in 10 years time 3) EU is the most advanced market in material recycling. This will support domestic manufacturing efforts when materials can be sourced through recycling 4) Places like Silicon Valley used to attract the best and brightest from Europe, but it's attractiveness is on significant decline. I would not bet Silicon valley to be the only technological success story in 10 years time. Despite these points, I fully agree with some others in the comments, that EU has severe problems with overburdening bureaucracy, and we would need to cull 25-30% of the rules and especially people watching over others to truly become successful in industries like tech (too many people's job is basically stamping digital papers and passing it to the next person). That and also bold investments into larger companies to scale inside the EU.

[@SaxonFaust]

sounds like cope

[@philipjohn1338]

​@@SaxonFaustindeed it is. Lol

[@DhrubajyotiRaja01]

You think Asia is in decline, you think USA is in decline but it is the EU that would go through a downward irreversible spiral... Cope with it, and if possible Enjoy it.

[@DC9848]

@@DhrubajyotiRaja01 1) I didn't claim USA is in decline, I highlighted they have some societal problems with how large some of the companies have become. 2) Asia has major problems ahead with the rise of automation. Same happened with wool factories in the UK when steam power was invented. Less demand for low-skilled labor, more profit for factory owners. Same will happen in Asia, question is where will the next generation of high automation factories arise first: USA, Europe or Asia. 3) If you actually read my comment, I observed major problems of EU too. This is kind of the problem with modern world, people have lost the ability of argumentation and practicing dialogue. I am not trying to change your opinion, I respect them.

[@hamzaiftikhar1229]

europe need to attract top talent of world .. compared to america they have failed ... top engineers top medical minds move US from asia ...

[@RobOfTheNorth2001]

There is a simple explanation - military spending. While the biggest tech companies are not directly related to the military, the vast majority of the US tech companies innovations originated from military spending.

[@jrenauardevol]

Darpa does a bit in startups but private capital is way more important. Darpa helps with research and big companies, not as much in silicon valley

[@RobOfTheNorth2001]

@@jrenauardevol Darpa funds all the fundamental research then silicon valley gets the people and the technology. Private capital loves getting a headstart with free government-funded tech. The biggest tech companies are not direct beneficiaries, but darpa money underpins the entire ecosystem. Wonder why Israel is so high-tech? It's due to massive military spending. Same goes for the US.

[@leroydanny4072]

Also think USA is nowadays monopolizing Technology and related stuff ask any tech person in the world and all they want is to work for the silicon valley giants

[@gameandmodsreview2447]

I think it's worth noting that "tech" companies can be very different in what they produce and who the target audience is. Your example works well for Boeing, Space X or other tech giants that rely on government as their primary client. Companies like apple, spotify and many others, that rely on regular people don't gain that much from government and lose a lot because of the regulations. Your point is very good, just not applicable to all companies

[@barhat961]

For example?

[@lukadundur8341]

Because we in Europe value good prosciutto and good wine more than latest gadgets.😂

[@randomdude4207]

and let's keep it that way. i mean there is nothing wrong with producing good tech and maybe we could and should do more, but we should never become a consumerist society where we all wait for the latest tech like zombies living in a cyberpunk dystopia. I value a good british pie, french stew, italian wine and german Bratwurst over the new IPhone20UltraMax++++SuperXXL.

[@hotdognl70]

@@randomdude4207 Proper priorities, I like that.

[@BlockdaCoolguy]

Lets be honest here, the rapidly growing technology destroys our brains, like phones and games. Over 50% of humans are addicted to these.

[@Atistatic]

@@randomdude4207 you are thinking wrong if tech companies are only for personal consumption.

[@SamRichardson1990]

Then Why are you shifting to Electric Vehicles? Should be using Horse Carts.

[@ThePipton]

Europe does not fail in tech (as your academic examples show), it just has a very different way of capatlising on it. There is more of an atmosphere that things should be done for everyone, hence a large opensource community. European businesses are traditionally also smaller, so focussing on the largest companies also skews the statistics

[@aaaaaa-hh8cq]

how do they not fail at tech lmao just name a single tech that people use in everyday life that was made in Europe

[@thenetherlands5838]

@@aaaaaa-hh8cqYour phone most likely has a chip made with machines made by ASML.

[@ThePipton]

@@aaaaaa-hh8cq your phone uses a linux kernel, created by Linus Torvalds, a Finn. The NFC chip to pay at the shop is made by NXP, a Dutch company. The wifi you accessed to use youtube was jointly made with Europeans. The bluetooth you use to listen to spotify was made in Sweden, just like spotify itself. Like I said, smaller less sexy tech, yet invaluable to the world.

[@freebusycat]

That's my point, Europe fails because it became socialist, for everyone. That's the reason Europe will fall

[@koushikdas1992]

​@@thenetherlands5838 Nope. My ones may be probably American or Taiwanese! Is snapdragon European company?

[@frankjohnon9736]

yoo u making so intresting and valuable content. dont stop please, humanity needs people like u!

[@c0n10t]

The answer is simple. EU is not a country.

[@minetiract]

he never said EU

[@no2475]

Well, neither is Europe for that matter.

[@DynamioPL]

Well, because Europe comprise of many small countries, Americans take Europe as a whole

[@laulaja-7186]

Looking for Siemens, BAe, Philips on that list. Or is "tech" only referring to IT?

[@Naruedyoh]

Do you understand that the EU is not a single country? It has a common economic market, but still they're 20+ countries.

[@James-bs8bd]

And?

[@sidhantseth007]

and Still failing to Innovate individually...

[@hotdognl70]

@@sidhantseth007 In all fairness, the USA is roughly 20 times the population of some of the smaller countries, not to mention how this relates to Asia. Statiscly this means there should be no room in the top 20, yet there is ASML... Without them most of the other companies should not even be able to exist.

[@karl7428]

We are still failing miserably even when you account for population size @@hotdognl70

[@baraddur7664]

What a poor excuse. 😂😂😂

[@val-schaeffer1117]

Innovation and dissent are two sides of the same coin. Conformist Europe does not allow dissent, and instead focusses on efficiency, reliability, elegance, beauty in plain vanilla products. Even if someone strives for innovation, the overall system punishes failure 10X harder than it prizes success. Without incentive nothing works in market economy.

[@gediminasmorkys3589]

Have you heard? The flagship product of the frontrunner of tech, the Apple 15 handset has an USB C charging port! Amazers.

[@renedohan]

Europe gave biggest innovation to iphone of latest years haha USB-C , how can it be failing in tech then ?

[@anthonyk423]

What cellphone is made in Europe?????? Europe most advanced company is ASLM and even they can’t produce those advanced chip making machines because the main parts come from the US.

[@gediminasmorkys3589]

@@anthonyk423 what cellphone is made in US though?

[@anthonyk423]

@@gediminasmorkys3589 the tech they’re made with is made in the US not to mention the companies that own them are in the US.

[@donaZor]

Salaries became so bad in the past 15 years in tech industry (speaking from France). A new graduate in software development was earning above 3000€/month net, now around 2000€/2300€, meanwhile prices have exploded, public healthcare supports fewer and fewer procedures, same goes for pensions amounts and for sure you can’t opt out to go private. We are now paying for private healthcare and retirement plans in addition of the public ones to get the quality we used to have. Create a company ? I did, more than 60% of your incomes goes to the state from the very first euro you earn, what the point of working 70+ hours/week for that, I quit after 5 years.

[@SingularityZ3ro1]

From personal experience, I can say that people who have always been politicians, and EU administrative workers, are always really excited about the fact, that the EU regulates preemptively, and the hardest. From a tech-entrepreneur perspective, that meant for me that I e.G. worked quite some time in the Blockchain Industry, and was eager to fund my own useful idea in the space. Until I had a close look at MICA, and my LTD what you have to do to just be allowed to start your business (maybe), or what could come, I gave it a pass. Now I am working on AI stuff, and the exact discussions start all over again, even to ban products like chat GTP, Bard did not even make it to Europe because of this. The EU is very good at killing its new tech industries before they start. E.g. in the very beginning, Berlin was considered the Blockchain Tech hub. To put it harshly, the people in charge of the EU and most counties in the EU are often old, and run it more like a "Ludditocracy" ;-) That does naturally not go well with wanting to be a hotspot for applied tech innovation & business.

[@jcliu]

Even the EU’s Luddite pride at being a “regulatory superpower” may go down as fatal hubris. Sure, US tech giants will bend to Brussels today in order to access a very large and lucrative market. But, without innovation and productivity growth, Europe’s share of global GDP will continue its terminal decline. In a decade, India will become rich enough to give the Googles, Metas, and Open AIs of the world a massive consumer base that allows them to avoid the headaches of Europe altogether. Regulation as stealth protectionism worked in China, where banning Google, Amazon, etc in the 1990s/2000s made room for their own domestic internet giants to sprout up. But Europe’s strategy isn’t even replacing American companies with homegrown tech champions-it’s just raging against a global economic machine that doesn’t revolve around diesel engines anymore. Sad.

[@5133937]

A friend from France told me there was a time decades ago when France and the EU were proactive about building new things, but somehow they developed a culture where they were more concerned with how new things could hurt society rather than advance and progress it. The regulatory bias is a consequence of that.

[@lambda653]

I mean what did block chain technology give us? A gigantic pyramid scam and billions of dollars of wasted energy. Seems like europe dodged a bullet regulating that one.

[@CallousCoder]

This one of the many things that I loathe the EU for. I want a NEXIT, get far away from those dumb technocrats in Brussels,

[@CallousCoder]

@@5133937France hurt the Dutch fishing industry because we fished with electric pulses so the flat fish would get stunned and float from the surface, not requiring sea floor disturbing dragnets. But the French don’t like competition and they are terrible in innovation and engineering, so the lobbied to ban this pulse fishing. Basically killing the Dutch fishing industry because by law we are not allowed to disturb the wadden sea sea bed…

[@TheLogicalError]

Keep in mind that there's a huge difference between European countries. In some countries the bureaucracy is much less, and things like the 5G rollout/ internet speeds are way better, than the US. (like Denmark and the Netherlands)

[@anthonyk423]

In some areas in the US 5G and internet is just as good

[@hotdognl70]

If just growth is the goal, then it "failed". Still I have a hard time seeing the explosion of empty bubbles and disposable products as a succes.

[@rasselbidou]

"empty bubbles" written on an american app, on a chinese-manufactured phone with a taiwanese chip 😂

[@waterbloom1213]

​@@rasselbidou With a phone whose chips are of British design and whose construction was enabled by Dutch machinery. Your take is childish. You can agree with the premise on the video and not be a clown

[@rasselbidou]

@@waterbloom1213 arm has negligible revenue, only ASML is a respectable semiconductor company in the EU. ST-Infineon-NXP won't budge even under EU pressure to make something more than discretes, sensors and automotive semiconductors. The most interesting semiconductor work done in Europe, aside from ASML, is in the design centers of american companies with bureaus in european cities (e.g Apple Munich). Even then it's often a case of a few designers in the EU collaborating with the main design team in california/israel/asia being competitive in memory and compute is simply out of reach of any company in the EU now.

[@waterbloom1213]

@@rasselbidou See, bringing a better answer wasn't that hard.

[@jezusbloodie]

The most interesting semiconductor work im Europe, aside from ASML, is done in universities.

[@Jasonlhy]

I worked in one of the Euro company on the list. Some softwares focus on very professional area, which is difficult to expand revenue. Also, they are much more difficult to write and maintain The job is much more difficult than an average job. I have to solve some real technical problems. However, the salary is not really attractive. I guess this is one of the reasons 😂 My personal feeling is that the company is not as aggressive as USA company and China company, but it tends to not fire people.

[@themarcel508]

The language barrier it’s not the great issue in Europe, the average European speak more than one language, in fact, it’s very common a person speak at least 3 or 4. The resistance of the innovation and the regulation is. In fact, the elite in Europe found a way to stay in power: regulation. They created a barrier to companies grow fast, and made every european think that it’s wonderful live in a Continent without big techs, while the use Chinese technology for their 5G, american + chinese technology for their smartphones, and many american softwares.

[@guiller2371]

Expensive and exclusive training. People who have money and not so much interest or perhaps not even talent are those with access. Then, when something is given for free to the masses, it is an opportunity taken not because it's useful but only because of affordability.

[@DeeSock]

Also in Europe it seems to be legally more difficult to fire or demote bad workers

[@patrickganahl5126]

In Switzerland at least, you can be fired without name any reasons.

[@DeeSock]

@@patrickganahl5126 good point about Switzerland, one of the more technically able countries in Europe

[@JongJande]

There are no bad workers .... people are just slaves .... earning little money and then paying more than 70 % taxes ... Where does that money go? Those are bad asses.

[@tijgertjekonijnwordopgegeten]

Is the amount of money tech companies make really the best way to measure how advanced they are? I don't see any advanced tech being developed by Amazon or Alibaba for example.

[@LucianoCallero]

AWS

[@anthonyk423]

Alibaba came from stolen tech from the US and Amazon does a lot more than just sell stuff online.

[@pepehimovic3135]

Smartest European. Little wonder they’re has-beens

[@fischX]

US is also more talk than wlalk. For example everyone talks about Hyperloop for a decade - Siemens builds the actual high speed railways in the meantime. Silicone Valley is close to Hollywood for a reason, is a big consumer show.

[@NeverUseAnApostrophe]

No one actually believes in Musk's pipe dreams and it's *the Silicon Valley. You wouldn't call it Grand Canyon, it's *the Grand Canyon.

[@NeverUseAnApostrophe]

​@user-nw8zm2wu6o*you're Read a book.

[@aquilifergroup]

Doesn’t obviate the assertions in the documentary. All you say might be true but Europe still lags behind.

[@tluangasailo3663]

Commercial hyperloop is decades away , Siemens ain't develop hyperloop

[@efeddwdw9782]

LMAO, EU's most important tech company "ASML"'s tech is licensed from a US government (DOE) owned company - EUV LLC under full congressional oversight. Extreme ultraviolet lithography lights and lasers are made in the US, and ASML research is funded by the US. The US government can take away tech given to ASML if ASML doesn't abide by US rules. PLS even your highspeed rail and German cars are using American microchips made by wolfspeed.

[@btwstr220]

It’s a rather strange statement that Europe has lagged behind in the tech industry. Considering that the machines for the production of the most modern 3nm chips are developed and assembled in Holland, and the same Large Hadron Collider, which is at the peak of technology, is also located in Europe. I think these are just a few primers among thousands of others. Because the assertion that Europe is behind seems rather narrow-minded and smells of American chauvinism.

[@reatcas]

Everything in this video is true, I'm finding an IT company in the US because europe has a shield of policies that have been approved to protect corporations against new businesses competition. In Europe you need a huge amount of capital and go through a lot of government obstacles like licenses and innumerable fees to open even a simple food truck

[@kenji214245]

Not really just that if you don't read up on how to get started and don't follow the rules the EU is far more punishing against mistakes. But if you use the existing support systems and science parks and what not to get going EU startups are more likely to survive the first 2 years than the US or Asian ones. The biggest difference is that A LOT of EU startups get bought up very early by larger corporations either US or local EU ones to take advantage of their products and staff assets.

[@waterbloom1213]

The U.S does literally the same with all businesses bar some technology and franchises to a degree. The U.S is far from a free market without regulations and barriers to entry. A book that deals in this is The Great Reversal by Thomas Philippon

[@RealKinetics]

Failed ❌ Not Yet Cook ✔ also the market value doesn't explain how advanced the tech of a company is. (My Opinion, fix me if wrong).

[@rasheddadoush8029]

Not in Europe Turkey too . US companies bought Turkish start-up Modest companies specializing in game programming for astronomical sums estimated at 10 times their capital now There are no companies developing games in Turkey.

[@gvasu3445]

Agree, but a lot of points are conjectures in this video. Some wrong conclusions..

[@AliceVixie]

05:10 Technological development in Europe is not limited by challenges of Europe, but European Union. Two different things. You also correctly noted that Spotify...

[@benoregan9016]

Eu is what allows anything at all.

[@AliceVixie]

@@benoregan9016 How could BASF, Philips, Olivetti, BMW or Mercedes exist and prosper before EU?

[@AliceVixie]

@@benoregan9016 You should rather say - allowing Chine to international trade ~30 years back and headless transferring western technologies to chinese venture capital businesses is what is disabling european business.

[@djp1234]

Fix your map. Crimea is part of Ukraine. The only country that recognizes that illegal occupation is North Korea.

[@rubencouso7497]

Keep dreaming

[@djp1234]

@@rubencouso7497 hi, Kremlin troll. This has been an exciting week for the Nazis occupying Crimea.

[@RS999GTI]

No money in Tech in EU unless you're in a very specialized system like SAP or Siemens.

[@hardwares]

You should also take into account that the EU market is open for the US, at the same time the US won't allow for any critically huge tech not to be under their control.

[@sajithdilshan]

I think the main reason is the demographics and culture. I live in Germany and people here are so old and their idea of modern technology is fax machines and CDs. Internet is a new thing which most fear and frankly you’d be lucky if you get 3G in a Berlin suburb. That’s how pathetic the infrastructure development is, and that’s the biggest economy in Europe. The current government is busy solving climate change and Ukrainian war by themselves and tech infra development is completely ignored or deprioritised. So you can figure out the rest

[@Nothing-Better-To-Do]

If SAP doesn’t change, soon enough some other companies will get over the market. Being use SAP for over a year, I still like quickbook a lot better than SAP

[@DreDre-wo2et]

My personal opinion the market it monopolized , companies get bought out right

[@anthonyk423]

Nobody is forcing them to sell to bigger companies.

[@ninocarlitos5229]

EU is such a hell and business disaster for tech enterpreneur. ALOT of things are forbidden to build & sell there, so developing new advanced technology is just pointless if you comply EU ridiculous regulations.

[@oskars1419]

europe need structural reform, also need protect our companies bcs china and usa want to stole (buy) them.

[@johnbattle7518]

👌

[@jrenauardevol]

Most startups aim at an exit strategy (bought by someone), if you block this you kill the main reason for many startups (exit strategy, get rich and try again with something else)

[@fernandoamy8278]

Where I come from, buying and stealing are two very different things. What's more, many europeans have been buying and investing in American companies for a very long time. It's a two-way street, or don't you know that?

[@martianhighminder4539]

Anything that the European Union deems economically, industrially, or militarily vital for the European continent should be nationalized or at least partially owned if it is that important to have it locally available or it's a foundational capability. Otherwise, it's a bigger, messier, more convoluted practice that is more likely to fail, to simultaneously operate in a market environment (especially a global one) but also protect businesses from being subject to those same forces.

[@aybgim3850]

Accenture is effectively a US company registered in RoI.

[@michallmaxlarsen8923]

As mention in The video,- EU can't compete as we fast try to ban A.I and 5G-- were money and Power will be in The Future And we will soon get a lot of People over 65 years that need expensive pension etc. We need to change big time in order to be stronger.--

[@Rockmanexe6]

i am a from singapore, hope you can do a video on your thought of singapore as a tech hub over other countries? I think its very bad , the singapore government is clueless on tech industry to the point no tech giant is born from this self proclaim technology hub , but i am no expert and i might be wrong?

[@Drophead1991]

in order for you to create advanced tech you need really advanced machinery and Europe has almost a monopoly on that so while the world is competing to manufacture the 5nm chip, a Dutch company called ASML is the only one who produces machinery that can produce that chip so technically speaking they are an integral part of the tech industry, not to mention the market cap of companies doesn't define there real value a lot of American tech companies are overvalued and thats just because there is so much money in the us and it happens to be directed towards tech these days due to speculations on its potential.

[@pulanala1421]

Low salaries are the actual problem 🤐

[@originalwhig]

It's simple. The USA a single, massive, English-speaking market with a largely uniform legal system. Try and launch a product in Europe and you have to navigate all the different languages, legal systems, regulators and even plug-types. Scaling a business is much easier in the USA. The EU believe it can "harmonize" Europe's even larger Single Market to make legal & regulatory systems more similar and this is definitely helping; but it has no answer for the diverse languages of Europe, which its people won't give up any time soon. Also the EU is pro-people whereas the USA is pro-business; this is another reason why scaling a business is easier in the USA. To that extent, the USA will continue to dominate tech.

[@pseudounknow5559]

There is an error on your map at 5:14 Crimea is actually Ukrainian. Can you correct this please ?

[@CuriousReason]

That's on Geolayers 3 plugin I use. It excluded it. Will fix it next time.

[@pietpetrus2343]

whole country gonna be russian........... fuckers

[@mojrimibnharb4584]

Illegally transferred in 1954, recently corrected. Please correct yourself.

[@pietpetrus2343]

the guy spreads info he doesnt know alot of

[@James-bs8bd]

@@mojrimibnharb4584 you can go back even further than that if you want

[@jackhallander6706]

From what I saw in my time in Europe, it seemed like it was just dominated by the financial industry. If your industry believes that the world is full of risk and is inherently unpredictable, then you would never give any funding to some random kids (Facebook, Google, OpenAI, etc.). Innovation is kind of interesting from a psychological perspective. Many, and perhaps even most people legitimately don’t believe it exists. And people especially get tunnel vision when they filter themselves into these risk-averse industries.

[@SXsoft99]

I home you understand that american companies mostly have foreigners, all big american companies for example have huge hubs in romania, and while in the US there have been layoffs in europe very few

[@James-bs8bd]

What’s your point? How does that have any relevancy to the video?

[@hotdognl70]

@@James-bs8bd Does it matter? This video is hardly relevant for it's focus is on short term financial succes only and not on quality of life in the long run. In case it does matter: Most of these "succesfull" companies could not exist without these foreingers and just buying all these talents does not guarantee anything. As you mentioned Microsoft in one of your other comments, this is a perfect example. Inspite of buying the best tech and publishers they fail to produce a decent succes on their gaming platform.

[@Bjonnet55]

@@hotdognl70Europe is nothing without the USA okay don’t be stupid , the USA spends money to defend Europe security so Europe have more money for its citizens, just like Europe have been relying on Russia gas for much of its success, and also Americans work more and are more productive and prosperous than European,

[@dejabu24]

@@hotdognl70 don't you think that increasing in quality of life is driven by innovation ?

[@wouldnt_you_like_to_know]

Accenture is an US company, not an European one.

[@brooklynknite]

I know, I seen a lot of misleading things.

[@jasonhaven7170]

You evidently don't speak English as a first language.

[@wouldnt_you_like_to_know]

@@jasonhaven7170 minute 1:33 : “In stark contrast, Europe’s top tech companies: SAP, Accenture, ASML … “ So again, Accenture is not an European company…

[@jasonhaven7170]

@@wouldnt_you_like_to_know No, I mean you don't speak English as a first language because you wrote "an US"

[@jasonhaven7170]

@@wouldnt_you_like_to_know Also, "an European"? No.

[@charlesd4572]

This is just conjecture. The mains reason is capital availability and regularity environment. The EU stifles innovation with burdensome regulations which benefit large corporations. This partly explains why investment is lower too - more risk of failure so better investment options. The UK is different. Cambridge and Reading are tech hubs. The UK has had a number of successes but we tend to sell them off to foreign companies once they start to grow - such as ARM.

[@solconcordia4315]

@charlesd4572 The Rhine Valley Industrial Area has been prospering for a long time so it has bred some very big corporations which naturally stunt the growth of new and smaller companies starting up. In the U.S.A., we had the Gilded Age but we had the good luck of thwarting legislative capture via the assassination of our President McKinley so we got antitrust laws on the books to break up monopolies. Europe probably needs something similar to allow the new "saplings" to grow by preventing legislative capture by industrial behemoths.

[@isokabooks3758]

Dint forget Asia is present in the US giants too.

[@waterbloom1213]

​@@solconcordia4315 You should read a book called The Great Reversal. It shows how your regulatory capture is actually greater in the U.S than in most of the EU. Not the final take on the subject but it wipes away many notions about antitrust and free competition in the U.S.

[@tack3545]

did you even watch the video? he mentions all of these things in detail.

[@lours6993]

Your Airbus example is off target and details are wrong: it was the A330 -> A350 evolution where customers asked for (and got) a clean sheet design, not the A300 as you mentioned. And pretty poor example as Airbus has been crushing Boeing for years.

[@pietpetrus2343]

wdym the dutch have plenty of tech inventions especially computer chips

[@chadsworthgigafuck7076]

They aren't making that much money

[@dylan5578]

The Netherlands just makes the fabricators nothing else

[@rickbo5858]

@@dylan5578 We have NXP and some photonic startups, BE semiconductors & ASMi.

[@benchoflemons398]

The Dutch make lasers, nothing else. And it’s only the Netherlands, no other countries.

[@optick3554]

Why does it matter though? The US is so close to Europe, we're not gonna let you guys fail.

[@benchoflemons398]

The amount of cope in the comments section is insane

"We don't need gadgets, we have wine and ham!!!" my fellow europoors type on their phones made in China on an American app

[@jasonhaven7170]

@ Well you don't like Blk ppl so this is your punishment

[@harshjain3122]

So true. And the 'oh but US is one big market and we smol' but if you ask them what about Taiwan, SK, Singapore, Japan, they don't know. And the "b-b-but better wages and more regulations", "tech is a bubble anyway". They are stuck quite back. I was surprised to learn that the top 5-6 Indian tech companies have a combined market cap of $350billion, about half of Europe but with a piss poor per capita and 5x smaller GDP size. The cope is insane.

[@Gunnl]

@@harshjain3122 ... there is something called quality of life ... try reading about it.... US can keep its higher wages... and yes, we don't need (to produce) gadgets when we can always buy them from china and US ...

[@gbadspcps2]

It's hillarious when they mention ASML as if it's the only company needed in the chip ecosystem.

[@Howabouthere]

I was wondering why👀, dude i love your videos❤, but there was something off, its because you keep going from bright picture of a office room, to a dark picture of for; example a historical event. which makes the viewer distracted. as a fellow viewer and enjoyer of your channel my contribution to advice is either make the change in making britness graduatal, or lower the brithness of some images, or just remove bright or dark images😂. hope this helps❤😃

[@DarthAwar]

Tax in America is not a Simple Thing apart from Federal Tax you have State Taxes and Even County Taxes Also each state has different Regulations so the USA is not necessarily an Easier Market as a whole to move into

[@BunToomo]

@9:50 the airbus analogy aged like fine milk lol.

[@kenji214245]

Speaking of risk aversion the EU is much less inviting to new people into markets like IT. Which means a lot of freshly educated people also move to the US and other places because they are more likely to gain an entry level job there than in europe. This means the EU is also more likely to not just loose possible good workers to other nations but also to lose them to leaving the work markets that need them the most.

[@aaroncruz9181]

But, instead of solving their problem, they will blame Russia for existing.

[@Buciasda33]

We build sustainable businesses. In Europe a company never blows up in value. Business grow slowly, we don't take risks. For example I own everything and I don't have any debt. I expand my business with the profit I make.

[@Shashank-DivineChild]

What is TSMC without ASML and Zeiss? Europe did not do very well with manufacturing because they do not have a huge market of their own, but when it comes to R&D they are right on the top.

[@anthonyk423]

ASLM depends on US tech companies to even make those machines to sell to TSMC

[@Shashank-DivineChild]

@@anthonyk423 maybe, everything is interdependent, but is not the reason Europe has failed. The main reason is lack of a big market. Again point in case, the NASA's moon mission could not have been accomplished without stealing and secretly hiring nazi scientists, and they would have lost the space race.

[@Distant-Similarity]

​@@anthonyk423most of asml tech belongs to america. America controls asml😅

[@justlim622]

Why don't you mention Samsung?

[@ke_van]

Not just "war in Ukraine," but "Russian invasion of Ukraine." It makes much more sense and helps to understand the situation better.

[@sztypettto]

There's a better one - "Russian liberation of Donetsk, Luhansk, and Crimea from Ukrainian genocide"

[@alinstlawrence3458]

"the military operation of Russia to get back Russian part of Ukraine and make respect traitee from the last 2014 war of donbass" if you want to be precise

[@theabaddon7457]

@@alinstlawrence3458 "the military operation of Russia to get back Russian part of Ukraine and make respect traitee from the last 2014 war of donbass, since Ukraine became independent from the Russian empire after 1989, but they existed for a long time as the Kievan Russ was founded long time before Moscow even existed, however the russians don't like their empire getting sliced up " if you want to even more precise.

[@rubencouso7497]

The war started with the coup NATO did with Ukranian nazis in 2014. By the way there was a civil war in Ukraine since that

[@rubencouso7497]

​@@theabaddon7457Ukraine = Banderastan nazi state which shouldn't have existed.

[@kunzhang8723]

Europe has a fragmented market due to diverse cultures, languages, and laws.

[@jacobfield4848]

Europe has more competition which is better than having one huge company dominating. Europe has problems with energy prices and allowing Ireland and Switzelrand to undercut everyone else on corporation tax.

[@Lucas-wn5wm]

EU removes competition lols.

[@everbravo3116]

Definitely, having one single language and one regulatory law system throughout the whole country has made things a lot easier for the USA and China. Something really hard to achieve in the EU.

[@barsamrouholfada8223]

I'm curious, do you use AI only for your voice or also for generating the actual video content as well? Maybe you could make a video about this. You haven't said you use AI explicitly but I went through your older videos and.your voice is dramatically different.

[@MadBert]

The biggest problem is overregulation and politicians

[@lamarca1011]

you forgot a fundamental detail: the unfair competition between the USA and the EU during the 60s, an example is certainly the Italian Olivetti, at the time it was the most innovative teak company in the world, it traded both in the EU and in Asia, USA and USSR, and was very competitive with the American IBM... perhaps even too much... for this reason the Olivetti family was followed by the CIA, and in 1960 they assassinated Adriano Olivetti, and subsequently also his son, and in the meantime the company got into a lot of debt, and went bankrupt. ("Olivetti comolotto") if Olivetti would still exist today, it would probably be on the same level as Apple, since it started creating computers first and was also developing laptops and much more

[@ZelenoJabko]

Also, US own the reserve currency, and they can print as much as they like to fund their own economy at the expense of europe.

[@Arbiteroflife]

Do you have supporting evidence for this claim? That seems like a stretch, IBM was around before Olivetti and we saw it’s peak many years ago, now IBM is no where near the most influential computing company so I doubt Olivetti would’ve been better than current tech companies.

[@eddyr1041]

​@@ZelenoJabkoeuro is also reserve currency.... check world bank etc record

[@pepehimovic3135]

@@eddyr1041difference between a reserve and the reserve. JPY is also a reserve currency, like the Euro. Both don’t compare to the actual reserve currency USD

[@eddyr1041]

@pepehimovic3135 The US dollar's rise as the world's dominant reserve currency wasn't driven by political pacts, but rather by the country's position as a leading, stable economy. Strong economies tend to be stable, innovative nations that propel scientific advancement. The US, for example, exemplifies this. However, economic strength for reserve currency status ultimately hinges on real productivity and sustained scientific progress. Many of these part is also help by usa good geopolitical position although other like scientific factor is as important too

[@svensvensson8102]

Europe, with 2 of the 3 biggest mobile network vendors is nowhere to be seen in 5G? Tech is a VERY wide term.

[@andrewlau611]

You imply that Asia’s tech advantage lies in China having a homogeneous market and regulatory regime of 1.4 billion people, but such an argument fails to explain or take into the account the global reach that the tech giants of Japan, South Korea & Taiwan have which their Chinese counterparts don’t.

[@CuriousReason]

Japan, South Korea, Taiwan had a close relationship to the United States and the US pumped money, research, talent development into these countries during the Cold War (being a counterweight to the Soviet Union and China in the region) and encouraged tech giants of these countries into the US market with less regulations and import tariffs etc.

[@andrewlau611]

@umbrellastudio7481​​⁠not if you're only thinking in terms of web services instead of the global supply chain. The world's supply of servers and advanced electronics would literally grind to halt overnight if TSMC & Foxconn were to stop fabricating semiconductors. The world's two largest video game platforms are owned and controlled by Sony & Nintendo of Japan. Samsung of Korea is the world's second largest smartphone producer & has a near monopoly on high end display panels & DRAM chips that even Apple has no real choice but to use them too.

[@Lucas-wn5wm]

​@umbrellastudio7481 Taiwan got SSMC, korea got Samsung

[@3pic03]

I personally think regulation at some level is good. Chat GPT was banned as strong arm initiative against data privacy, which obligated chat gpt to adapt its privacy rules in Europe.

[@eddyr1041]

​@@Lucas-wn5wmpractically all they have... For taiwan , no choice, a matterbof survival from prc. Japan , now thatba big one... but they are industrialized country much longer muccccch longer ... kickbrussian ass in warbright?

[@kaviennn]

Even though Europe dienst have sny tech Companies, there is definitely a large influence from Europe (like Philips investing in tsmc and asml being the most important company for microscopic technology)

[@abbofun9022]

The bias in this vid is just staggering. Europe chooses not to facilitate economic slavery and customer exploitation as is common in US and China, this comes with a price most Europeans find worth paying.

[@CuriousReason]

Can you define an economic slavery and customer exploitation? In terms of work, tech companies pay significantly higher in the US than in Europe and taxes are much lower as well, which is an incentive. Europe has more humane laws for its workers for sure but big tech companies in the US (apart from Amazon ecommerce department) treat their workers quite well, there are viral Tiktok vidoes where workers of those US tech companies do nothing but stroll around the office, eat free food, drink wine on tap, maternity/paternity leave etc. Everything has a bias, I didn't intend to be biased in this video as well but the center point here is tech and not general commerce which you might be mixing up. its all constructive criticism rather than favoritism for certain countries. Market fragmentation, regulations, different laws, VC fund investments, hostile attitude to tech market and all other aspects are the reason why Europe doesn't have any +$1 trillion market cap tech giant.

[@abbofun9022]

@@CuriousReason I’ll break them down; ‘economic slavery’, employee protection essentially doesn’t exist in a meaningful way in the US or China, general conditions may appear to be OK in the head office but now go have a look in the factories, warehouses or data centres. ‘Customer exploitation’ if you seriously are bemoaning GDPR (or similar EU customer protection rules) and see those as a hindrance to doing business you really have a warped set of priorities. Apparently you think that Musk, Bezos, Cook et al should have a free hand in playing robber barons. Additionally, I didn’t mention that earlier, the blatant governmental sponsoring in violation of all WTO rules is also staggering in the US.

[@papaicebreakerii8180]

@@abbofun9022I’m sorry man but a lack of regulations and easy access to capital is just what facilitates growth for start ups. If Europe is going to continue stifling its own economic growth then that’s their choice. Y’all seem pretty happy with it. It’s not sustainable tho

[@Fedreal_Bureau_Of_Investigaton]

@@CuriousReason I agree with the criticism, the way you cited grdp as an obstacle to market growth was ridiculous. This is much more important and less impactful, as is the importance of privacy and data collection, which is now dystopian in many of the highly "successful" countries you mentioned.

[@hotdognl70]

@@papaicebreakerii8180 Many startups proove to be just another bubble, can't realy considder that sustainable. Focus of this video seems to be short term financial growth as a measure of succes. Weird to see a nation with that much succes struggling every year with paying it's own administrators...

[@LOLLMFAOLOLLMFAOLOL]

lol, your comparison between EU and china tech investment is incomparable 😂 EU tech corps = high value techs…china = low value tech 😂 low value industries market is bigger than high value…so it’s incorrect…if you value the high tech itself…it’s worth more quadrillion usd 😂

[@dschinnken]

4:40 what do we use to show europe in tech ? f it, lets take a pre ww1 map

[@wout4yt]

Yeah, maybe the maker of this video should show this to a Polish person.

[@LongLongKo]

This video simply ignore Ireland as the biggest capital city of world tech giants

[@captaingabi]

Good summarization. Less burocracy, less taxes, more funding. And global competition. I myself just leaving an EU tech company and plan to join a US tech company, and work remotely, since the salaries are incomparably different...

[@gigikiller1]

Because we are too busy destroying our water bottles

[@kmjgsdkmjgsd]

Making wide and baseless claims, it seems that America invents first, then "occasionally" reacts with regulation later, while Europe makes regulations first, and then looks for where they can go from there. If the US was as proactive instead of reactive, we would fortunately not have to suffer under industries like Facebook, but then again we would also never develop (and tolerate) new industries like AI. Seeing how Italy would ban it, and the EU wants to make prevent any more training data from being used, I don't think we will have any disruptive inventions from there anytime soon. No flying cars, no modifying organisms, and even no nuclear energy improvements lol.

[@williammuthee2474]

lol oh the cope

[@Daniel-ii6kf]

Cry harder, European. 😂

[@eddyr1041]

No one actually know the future... but yeah last decades usabdoing very well

[@akbarbaig2062]

Europe problem is Europe's problem not world's problem.

[@levertmalatji-oj9ok]

What about stripe.

[@kai4824]

Stripe is from the States, Adyen is European..

[@lours6993]

US regulation is there to serve corporations and capital; EU regulations are there to serve citizens. The results are more difficult tech growth in the EU and short life expectancy in the US largely through uncontrolled chemical poisons allowed in all American foods, a heinously inaccessible and inefficient healthcare system and half of the jobs effectively being indentured service. EU regulations have there downside, but there is no money you could pay me to live in the US.

[@GP9c75]

its not about regulation nor culture... its about who has the most money.

[@rohitboro7007]

I would disagree as Europe in General is one of the most developed parts of the world. Not to mention some of the largest economies in the world are European so they obviously have money.

[@GP9c75]

@@rohitboro7007 but dont europeans also have very high taxes compared to others which means they have less money to spend?

[@Lucas-wn5wm]

Europe got so much taxes from citizens and before Ukraine war theres cheap russian gas. The main problem with EU is they remove competition between each other.

[@Lucas-wn5wm]

Europe favours more welfare than innovation and free handouts to illegals.

[@GP9c75]

@@Lucas-wn5wmhi. how exactly are they removing competition between each other?

[@CaribouEno]

Airbus failing? That did not age well :) And: US largely homogenous market? You never did trade in the US, did you? Texas has a complete different business legislation framework than New York. Some states banned certain industries by introducing legislation requiring access hurdles no corporations are willing to do just for that state. And - tax differences on state and local (!) level everywhere. You also need a business license in every state you want to conduct business. And there are at least as huge differences in cultural norms from the South to New England as through European countries. The language barrier is moot, too as European corporations expanding worldwide just use English. This is again a list of typical stereotypes like the other guy who did a similar video where he constantly repeated "but CAPITAL CAPITAL CAPITAL CAPITAL!!!!". The reason I see about Europe is that you do not have Venture Capital. You do not have lenders enjoying risk. Everything else is moot as with good business planning, taxes are as low as in the US. And if you have Venture Capital it is more like Hot Air producers "judging" ideas like in a TV show. Not really useful.

[@Bjonnet55]

Europe failed also because they don’t copy USA innovation and market system , China understood this that’s why it had private companies and state owned companies, too many bureaucrats and Europe trying to do its own way is the biggest problem it has apart from language and structural problems, Europe can be more innovative if they are more unified and copy what USA and China do exactly in tech

[@Jan-hm1sp]

ehhhmmm ... What are they exactly doing? Starting trade wars and propagating a free market while using proctectionism back home? Sounds like a smart idea, what could go wrong?

[@lindsaymays7206]

They don’t want to because they have no ambition other than to be taken care of by the government from cradle to grave. Notice how they always brag about their free healthcare? (Only possible because they’ve been hanging on uncle Sam’s nuts for defense for nearly 100 years). That’s their ONLY goal in life.

[@wasile]

Maybe Europe's role in this arrangement is to keep traditions alive. Humanity doesn't need only technology.

[@carlitoxb110]

Europe is old, old people are usually more conservative aversive to change and technology

[@advancetotabletop5328]

After seeing the EU’s stances against USA tech companies, I’m not surprised that they’re behind the USA in tech in general. Yes, tech is a two-edged sword (it turned California from Repub to Dem) it indirectly drives a nation’s economy, is an important part of national security, and thus makes a country relevant on the global stage. As someone who remembers Nokia, SAP, Ericcson, etc., I don’t see any EU advances in tech as declines in USA tech, either.

[@TeeeJayy_]

AI voices are getting scary

[@vladimirvojtaml]

Way too many regulations and insane taxation aswell as expensive energy costs. Also eastern Europeans don't want to work for poverty wages anymore so that well is also running dry.

[@ramolkrin]

EU law and leadership is so crazy, China will control all EU market.

[@marcv2648]

EU leadership is far left. Socialist countries get poor. They don't innovate.

[@rubencouso7497]

They are imposing stupid tarifs against China. My God!

[@nekdo_kavc]

Ha ha ha ha ha!

[@TheAdrianwaka]

1:44 Accenture is not European gosh

[@highshelf]

Do the answer is because the us is big, shocker

[@simianinc]

Europe has more people than the US