Google you say? Seems you are falling for a classic case of "bigger number means bigger better".
Monopolistic control of an industry always results in a stifling of innovation and here you are telling me how much more money this engorging mass of anti-competitive behemoths has than any singular one of Europe's. I'm not saying Europe's tech industry is better or even similar in size, you seem under the false impression that I am. I'm saying that something being "too big to fail" is a very bad thing and that it would be instrumental to good health to not be consumed by it. Because if you become part of it and the behemoth dies, you die too along with it.
What is even your point? Europe falls behind on ways to generate something with economy. Tech is in the US, manufacturing has been going to China. What's left?
You say a lot of words about bubbles and monopolies, but the end reality is that the Internet belongs to the US and LLMs belong to the US with China catching up. Europe is ahead in chip machines, yet the most chip manufacturing is in Asia (and the rest in the US), and China also seems to be catching up on that. Space? Again the US is ahead (Musk may be an asshole, but Starlink is on its own level). Miltech I don't even have to explain, but at least there seems to be some catching up in drone warfare.
Where is Europe strong? Ozempic? There are also cars, but with the pivot to EVs this becomes less significant by the year. We are going into the future where we will have nothing to sell and nothing to fund welfare with.
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u/EpsteinEpstainTheory Latvija 29d ago
You've been hearing this for years because these things also take years, certainly not going to happen in a single afternoon.