Speaking of cherry-picking. Which European fab is ASML selling to? Being able to manufacture one machine for one stage of the process doesn't make an industry. Europe has some great niche companies, but has a real problem fostering an actual ecosystem.
Europe has sleep-walked into technological irrelevance since at least the early 2000s. In 10 years or so, all there's left in European tech that's competitive is going to be aviation, and agriculture and fashion if you count them as tech.
> People get real holiday, great purchasing power (sure, not as high as a US tech worker, but pretty darn good), healthcare that doesn’t bankrupt them, proper mental health treatment so walking down a street isn’t a gamble, great affordable education, and the pleasure of not having a mass shooting multiple times a week. But yeah, the US has some big companies. Good for you bud.
US tech workers have PTO, and Europe has mass shootings as well, and war and migrant crisis on the border. FANNG's profit is not just big, they are so massive, they dwarf many European countries' GDP.
The truth is hard to swallow, but if Europe doesn't recognize just how far behind you are, you are never going to catch up, or even better, produce some industrial leaders once in a while.
Europe has sleep-walked into technological irrelevance since at least the early 2000s. In 10 years or so, all there's left in European tech that's competitive is going to be aviation, and agriculture and fashion if you count them as tech.
> People get real holiday, great purchasing power (sure, not as high as a US tech worker, but pretty darn good), healthcare that doesn’t bankrupt them, proper mental health treatment so walking down a street isn’t a gamble, great affordable education, and the pleasure of not having a mass shooting multiple times a week. But yeah, the US has some big companies. Good for you bud.
US tech workers have PTO, and Europe has mass shootings as well, and war and migrant crisis on the border. FANNG's profit is not just big, they are so massive, they dwarf many European countries' GDP.
The truth is hard to swallow, but if Europe doesn't recognize just how far behind you are, you are never going to catch up, or even better, produce some industrial leaders once in a while.