this post was submitted on 20 Jan 2025
57 points (88.0% liked)
Technology
60725 readers
3823 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You can't just do whatever the fuck you want if you have enough money in Europe.
You can't just collect data or operate in gray areas, have underpaid workers without unions and tell everyone to fuck off.
You can't just make a monopoly by buying everyone else without questions.
So it's not as easy to grow big
OP also completely neglects the geopolitical and demographic history that lead to the rise of US tech companies, and the continuous brain drain from elsewhere to the US.
After WW2 Europe and Asia were destroyed. It took decades to rebuild. The benefit of this to America can't be overstated. A significant proportion of the worlds scientific community emigrated throughout the 20th Century because of this. US tech companies had the wealthiest capitalists/investors, and the most skilled labor pool. America also had a much higher wealth inequality, so all companies that came after benefited enormously from a comparatively wealthier and experienced skilled labor pool. Then add the neoliberal low tax, low minimum wage, and undocumented slave labor funneling money to all these companies.
Capital — especially preexisting capital — is the greatest determinator for success. The EU is not doing it wrong. The US is! It's a corporate dictatorship, now descending into totalitarian fascist dictatorship.