How Europe Lost Its Tech Giants

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  • Опубликовано: 16 июн 2024
  • How Europe lost its dominance in tech. Try brilliant.org/Newsthink/ for FREE for 30 days, and the first 200 people will get 20% off their annual premium subscription
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    0:00 Intro
    0:18 EU vs U.S. tech company market cap
    0:33 Irish brothers start Stripe in America
    2:07 Spotify enters the U.S. market
    2:46 Europe’s troublesome regulations
    3:25 Elon Musk’s work ethic
    4:00 EU’s new battery law
    5:31 EU’s new AI Act
    6:46 Europe’s lagging space industry
    8:07 Today's sponsor: Brilliant
    Select broll sourced from Getty
    Sources:
    Patrick and John Collison image sourced from Stripe
    Peter Thiel image (edited by Newsthink): Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 creativecommons.org/licenses/... via Wikimedia Commons
    Patrick Collison blog post: patrickcollison.com/post/stri...
    Allied Irish Bank: William Murphy, CC BY-SA 3.0 creativecommons.org/licenses/... via Wikimedia Commons
    Ulster bank: Михал Орела, CC BY 2.0 creativecommons.org/licenses/... via Wikimedia Commons
    Goldman Sachs: 2211473abhijithsaravanan, CC BY-SA 4.0 creativecommons.org/licenses/... via Wikimedia Commons
    Elon Musk’s Vator News interview (used with permission): vator.tv/news
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Комментарии • 242

  • @Newsthink
    @Newsthink  23 дня назад +5

    *Are there other reasons why Europe lost its edge?*
    Try brilliant.org/Newsthink/ for FREE for 30 days, and the first 200 people will get 20% off their annual premium subscription

    • @lagrangewei
      @lagrangewei 18 дней назад

      Europe and India suffers from market fragmentation. country like China, US, Japan, Russia has a true single market in that their people speak 1 language and are used to 1 standard, this allows for rapid market penetration as there is no localisation required, and the developer have a strong understanding of their market having share the same culture, understanding and education system. this mean the actual "local" market of Europe and India is much smaller than their competitor elsewhere. I always find it stupid that India tries to sell it divesity as a strength when there is nothing that scare a business more than having to deal with a 100 different standard and languages. just explaining the same concept to staff in different state would require completely different SOP to deal with the different condition, forcing localisation of managers who being newly hired would not have the experience of countries that can just parachute talent in from the rest of the economy.
      using elon musk as an example, you know he's actually from south africa right? when your family own a mine in africa, you can do what you want. he's really an exception than the norm. :]
      also what is not mention is hostile US policies. alot of countries tried to develop their own operating system, US would threaten to cut those foreign companies from US market. that's how the japanese operating system died. again it about who has control of the largest true single market. the european and indian while claiming to be a "single market" never achieve true integration because everyone speak their own language. the reality is europe is still just a bunch of independent countries, they are not a superstate like US or China, or have a large over 100 million population market like Russia and Japan. those 4 are the only ones that could sustain some kind of domestic sofware, and even then Russia and Japan has not fair well on the international market. Japanese and Russian site are almost exclusively use in their own country. only China and US has the true scale to export their services as their market is huge enough that they are able to create competition internally and leading to the creation of competitive software.

  • @Waterfront975
    @Waterfront975 16 дней назад +13

    EU has too many bureaucrats working on regulations, and too few entrepreneurs.

  • @skinjudge9007
    @skinjudge9007 23 дня назад +97

    Nokia was a sad thing. They honestly were on top of their game for so long. Sad decision to do windows phone only

    • @Booz2020
      @Booz2020 23 дня назад +1

      Bill Gates: Please hold my WINDOWs 🪟

    • @texdoms
      @texdoms 22 дня назад +4

      So true, they closed the door to innovation themselves. So sad, bad management decisions, large consequences!.

    • @lagrangewei
      @lagrangewei 18 дней назад +2

      @@texdoms no they tried. I own a nokia touchscreen phone before iphone even exist. what people don't realise is how complex operating system development was, and companies that were developing operating system for other product, massively reduce their cost of development which nokia could never hope to match. and even then it took the appstore to kill nokia smartphone. everyone want to develop for apple use for the PR, who want to develop for nokia?

    • @advancetotabletop5328
      @advancetotabletop5328 6 дней назад

      Search on “Nokia business failure”.
      “ Nokia's management was under the impression that people wouldn’t accept touchscreen phones and would continue with the QWERTY keypad layout.”
      Hoo boy. And Blackberry RIP.

  • @alisolkanu4763
    @alisolkanu4763 23 дня назад +84

    America is the place to achieve your big dreams. Europe is the place to retire and relax

    • @texdoms
      @texdoms 22 дня назад +6

      So true! i will go to Europe to retire and relax after working hard in the US.

    • @Desire4Sound
      @Desire4Sound 20 дней назад +2

      We are the same, almost... :)

    • @santostv.
      @santostv. 19 дней назад +2

      Depends on how big are your dreams and from what Europeans country are you from.

    • @texdoms
      @texdoms 19 дней назад +3

      @@Desire4Sound I’m there actually, I’m starting phase 2. I’m retiring in France next year. It is a pre-retirement.

    • @iampiyushsingh7544
      @iampiyushsingh7544 19 дней назад

      America will soon become like usa. Rise and fall of empires

  • @philoslother4602
    @philoslother4602 23 дня назад +15

    Only government employees in France for 35 hours a week...not private employees...

  • @ashraf.bashir
    @ashraf.bashir 23 дня назад +91

    Europe is having complex regulations, high taxes, and minimum support for startups, that's why the are going down

    • @Booz2020
      @Booz2020 23 дня назад +1

      Europe Is In DisUnity when it comes to MONEY 👀 That's Why 💰

    • @caven7056
      @caven7056 22 дня назад +3

      Still better to work in the EU though

    • @Billy_Bad_Ass
      @Billy_Bad_Ass 22 дня назад +1

      @@caven7056 Yea, IF you can find the work that all of those complex regulations, high taxes, and minimum support for startups DESTROYED.

    • @Hasanaljadid
      @Hasanaljadid 19 дней назад

      ​@@caven7056Not for high income earners

    • @vesogry
      @vesogry 16 дней назад

      Don't worry we are pushing green energy now. With much more expensive energy in Europe, we are going to be more competitive.

  • @ZAGIDI
    @ZAGIDI 23 дня назад +16

    European Regulators are busy fining Technology companies instead of helping startups and established companies. With this attitude, Europe will not be the hub for technological innovations.

  • @dan7582
    @dan7582 21 день назад +14

    Europe is no place for bright ambitious people.

  • @ExaltedMediaInc
    @ExaltedMediaInc 23 дня назад +59

    I'm from Germany and live in the US. It's sad to see that the home of the most brilliant minds like Einstein and his peers is falling behind because it is risk averse.

    • @faaastcalllllll
      @faaastcalllllll 23 дня назад +20

      hey, Einstein moved to the US too :P

    • @HarmonicEpsilonDelta
      @HarmonicEpsilonDelta 23 дня назад

      @@faaastcalllllllbecause he was jewish mainly

    • @Pete_YT
      @Pete_YT 23 дня назад

      @@faaastcalllllllhe moved to escape the Nazis since he was Jewish.

    • @Dante-fk4yi
      @Dante-fk4yi 23 дня назад +4

      Europe is old, that is why you are in USA🤷‍♀️

    • @deeptoot1453
      @deeptoot1453 21 день назад

      The EU sucks hard for innovation. Can't wait to get out of this shit continent. The only countries doing somewhat allright are Der Schweiz, UK and Norway, guess what they have in common. The EU taxes and regulates the crap out of their citizens. The average joe is fed up with it.

  • @ZAGIDI
    @ZAGIDI 23 дня назад +15

    The RED TAPE in Europe is killing innovation

  • @alphahellhound
    @alphahellhound 22 дня назад +5

    As someone who lives in Europe and who has started a business in Europe (non-tech) couldn't agree more with this video.
    The statement of Europe putting the cart before the horse is very true and it is genuinely shocking to see how misguided people are about innovation in Europe.
    I'm fortunate enough to live in the most innovative part of Europe namely The Netherlands but the amount of conservatism present is suffocating. Its like there is a fear of taking any risk even if the upside would merit it and the downside is miniscule. The prevailing mentality seems to be "Why change something when its been working for years?".
    Before any action can be taken we first need to wait on the policies and regulations from up on high to decide what is best even if by the time these policies are approved everything has radically changed.
    In order for innovations to happen the innovators need support from large organizations not crippling regulations to hinder their growth from day 1.

    • @jacqdanieles
      @jacqdanieles 21 день назад +2

      You should see how absurd it is in India. In places that have now been computerized (banks, utility companies, etc), they're still using processes that they were using in the 1970s.
      And if you question it or offer suggestions to streamline, they get very hostile & tell you that there is a purpose to their madness.
      An employee will never propose an improvement to anyone up the chain of command. They have a "cog in the wheel" mentality & are perfectly happy to operate Iike machines.

  • @adityarobin4835
    @adityarobin4835 23 дня назад +45

    This what happens when u have too many MBAs in the tech industry than innovators.
    And saddest part is that same thing is happening in US. example look at Google in the last 10 years other than making profits and making a terrible AI what have they really done in innovation point of view.

    • @jacqdanieles
      @jacqdanieles 21 день назад +4

      You say "same thing is happening in US" & you give an example of a single company. That's flawed logic.
      Sure, Google has stumbled, but meanwhile Chatgpt, Meta, Microsoft, Groq, etc are on the cutting edge of AI. To put it another way, Google is not emblematic of the entire industry, let alone the whole country.

    • @adityarobin4835
      @adityarobin4835 20 дней назад +1

      @@jacqdanieles There are many other companies like Boeing, majority of car companies, Apple (let's be honest what innovation is there in the new iPhone) etc. Also, I didn't claim it is happening to all US companies. I agree that there are successful companies that are innovative. That is why America is called land of opportunities despite some flaws.

    • @jacqdanieles
      @jacqdanieles 20 дней назад +1

      @@adityarobin4835you posted: _"... that same thing is happening in US"_ in response to a piece titled *"How Europe Lost its Tech Giants"*
      Uh, no it ISN'T. And I already explained why. And car companies can hardly be included in this discussion. Nor is Apple a failing company, regardless of its slowdown in innovation.

    • @sebastiangruenfeld141
      @sebastiangruenfeld141 15 дней назад

      In the last 10 years? Google has spent 10s of billions on research and development, employing thousands of highly paid scientists and engineers and made countless of patents in future tech fields. Sure google hasn't made anything revolutinary for a while now but they're still actively working and make lots of money in the process.

  • @theobserver3753
    @theobserver3753 21 день назад +7

    If you wanna be rich the US is still the best country to go to.

    • @dfdf-rj8jr
      @dfdf-rj8jr 15 дней назад

      Not just if you're rich: en.wikipedia.org/wiki/Median_income

  • @uloga
    @uloga 23 дня назад +23

    As a European startup founder, I believe in the importance of regulations that protect and support less fortunate and vulnerable people and nations. For example, the battery passport helps ensure we do not exploit less fortunate countries. While I may disagree with some regulations, I firmly stand against the notion of success at all costs. Unlike many US startups that primarily benefit their shareholders, I am committed to creating value that extends beyond mere profit.

    • @uloga
      @uloga 23 дня назад +8

      On average, Europeans enjoy a better quality of life than Americans, which is what truly matters IMHO. Despite the United States being the richest country in the world, this wealth is not reflected in the lives of its citizens. You can have a thousand of the best and most prosperous startups, but does that matter when a small number of people hold most of the wealth while the majority struggle? Many in the U.S. go bankrupt due to healthcare costs (make a video about that).

    • @semsomify
      @semsomify 23 дня назад +1

      All that is true if everyone else was playing by the same rules. But when Europe overregulates, they lose the global competition on talent, capital, business and innovation to the countries that don’t regulate, the US and China in this case. And that’s what’s happening. Europe will continue to lose talent and capital, and the European economy will continue to shrink with time if they don’t do something about it. The industries of the past are all fading away or changing dramatically with new technological innovations.

    • @someone_else...
      @someone_else... 22 дня назад +2

      ​@@ulogathird wold migrant in Europe here. The problem I personally see is that European workers don't create enough value to justify the lifestyle and protections.
      This won't last long.
      Eg if you import 1 dollar t shirt from Bangladesh, they get 1 dollar in their gdp and all the carbon emissions. While in Germany, you design the graphics on it, and give it the popular labels and sell it for 30 euros. You get all the money, you can afford a work life balance and fully paid burnouts without any carbon emissions. You will even judge the Bangladeshi factory owner for being cruel.
      Look around and see where most of value is generated from. Financial mumbo jumbo, overpriced real estate, the power of branding. Nothing concrete.

    • @mohamedaityoussef9965
      @mohamedaityoussef9965 21 день назад +1

      Exactly keep up the good work, all these startups throwing buzzwords and shit for investment and end up the next wework and others
      I hate it as a software engineer

    • @santostv.
      @santostv. 19 дней назад +4

      Also they over exaggerating with the over regulation excuse, California is also a state with over regulations and is were Silicon Valley is.
      The usa is humongous in their mentality,culture, language despite their various migrant communities because the only goal when you go to America is to make money.
      Also despite what people say I’m from Portugal and I have a different mindset than a german or Dutch, so is harder to scale a company, we don’t even have Amazon most ordered from the uk and now from Spain still Amazon buyers are a minority imo most buy from national retailers third party sellers, vinted is quite popular here still no where near olx, eBay PayPal aren’t that popular but revolut,wise,trade republic are idk why she talked about stripe but not the uk fintech industry ect.
      We on average have less money so off course we are more afraid to lose it.
      I think is still difficult to explain to Americans.
      But look what the usa,china,Japan and Korea all have in common

  • @causa04
    @causa04 23 дня назад +1

    Awesome video. Very well spoken

  • @Andy_B.
    @Andy_B. 17 дней назад +2

    in school, in germany, the curiculum (what is being teached) is ruled out by 'oldschool' teachers.
    they don't give a damn about new technologies,
    just history, literature, sociology, etc.
    we never had a class about IT, programming...
    physics, english, math is the most modern stuff we learned.
    Europe in general is like this.
    in USA; as I heard, 20 years ago, pupils learned some IT stuff, some learned some programming...
    that is a big reason, why europe lacks behind.
    now, they teach that stuff, but it is simply too late.

  • @ConfucianScholar
    @ConfucianScholar 10 часов назад +1

    Europe has ridiculous employment regulations and, frankly, a lazy and entitled work force. Regulations to start a business are also completely anti-entrepeneurship. Lastly, employees are burdened with pretty much 50% income tax plus 20% sales tax leaving no disposable income for thinkerers and basement/garage inventors to fund their ideas.

  • @dan7582
    @dan7582 21 день назад +7

    Europe is not place for bright ambitious people.

  • @DarthAwar
    @DarthAwar 23 дня назад +31

    What Europe and its members did wrong
    1. Didn't provide enough of any Rebates, Tax Incentives, Funding etc too Research and Development of Technology ⚙
    2. Didn't focus enough on Coding, Electrical Engineering, Transistor Design and Engineering etc in all levels of Education 📙
    3. Didn't Mandate a Minimum level of Domestic Production of Crucial components like CPU Dies, GPU Cores, Chokes, Resistors, Capacitors, Resistors and no production of Finalised Products
    4. Set up Special Economic Zones too help produce new technology and products
    5. Followed US (Mostly!) by relocation of almost all Technology to China just too save a few dollars
    6. Allowed Overseas Rival's (Mostly US, China and too a lesser degree South Korea and Japan!) too buy Up or Force Out EU Companies.
    7. Not mandating that minimal amount EU technology had to be used in Final Product for EU Devices like ARM Chips instead of X86 in Laptops as an example!
    Remember ASML & ARM (Acorn Computing!) are both EU Companies Critical to Modern Business and Technology

    • @nesseihtgnay9419
      @nesseihtgnay9419 22 дня назад

      ASML got it's history from Intel and IBM, ARM came from RISC.

    • @Leto2ndAtreides
      @Leto2ndAtreides 19 дней назад +5

      Lots of anti-competitive stuff in there.
      What you really want is for people to be enterprising, and for governments to get rid of red tape so that they can be enterprising.
      But what specific industry you win in, is irrelevant. You just need to win and advance in some area where you continue to become better than others over time.

    • @tomas_marques
      @tomas_marques 14 дней назад

      Wrong, all they needed to do was not doing anything. People will innovate on their own if left alone. This kind of "I know better" regulatory approach is what got the continent sinking in the first place.

  • @dElectroBuddha
    @dElectroBuddha 21 день назад +6

    Just to name a few European projects and companies without which no modern tech industry would be possible:
    - Linux: The most prevalent OS and the largest collaborative project in human history.
    - ARM: Developed the CPU architecture used in nearly every mobile device today.
    - ASML: Provides photolithography machines essential for producing virtually all microprocessors in use today.

  • @nikyabodigital
    @nikyabodigital 23 дня назад +11

    Europe needs to up their game. We need more competition!

  • @trevormantshoane8026
    @trevormantshoane8026 21 день назад +1

    Well done, Ma'am 👌🏼

  • @Number6_
    @Number6_ 17 дней назад +2

    When she says US she means crowd funding in California. Small and fast can beat big and slow to the free market. But it is china that has the stability to create the hardware that goes to the market. Anybody has sat down and writen software. Once done it is done. You can't Capitalize off it forever.

  • @vahangood5999
    @vahangood5999 23 дня назад +3

    Elon had the right idea. Of course working hard yields compounding benefits too. I think it was an ancient Indian proverb that stated "to live like a king, you must first work like a slave." I get it, it does not get any easier but I guess we just gotta get stronger.
    Best wishes to Europe from the USA. I do hope Europe competes and gets stronger - we are cheering for our allies to be stronger in every possible way!

    • @jacqdanieles
      @jacqdanieles 21 день назад +1

      Or, more accurately: to live like a king, you must be born into royalty ...

  • @piotr2951
    @piotr2951 23 дня назад +20

    Sure as long as you spend that 100 hours a week working for yourself. Not for some dude like Elon to get rich off you.

    • @glitch933
      @glitch933 23 дня назад

      Xd

    • @ElonMuskDailyLife
      @ElonMuskDailyLife 23 дня назад

      you stay in Europe and let US dominate you. Btw, you're using RUclips and probably iPhone made by US.

    • @Sid_Personal_
      @Sid_Personal_ 23 дня назад +1

      🤡🤡🤡🤡🤡

    • @vahangood5999
      @vahangood5999 23 дня назад +3

      Even when you work for others, working more yields more pay. The excess can be saved and invested. I don't work 100 hours but I work more than my peers and as a result I am able to save, invest, and get ahead. The people I work with barely keep up with inflation and even fall behind if unexpected expenses happens. The company cannot just keep raising prices to pay its workers more because the customers will go somewhere else. Such is the reality.
      The European closed model can work but only temporarily - as the video points out, Europe is being out-competed and left behind. The driven people will leave and eventually the whole model will collapse. We already saw the beginnings of it in France were people were furious with the retirement age going up. Such is life I suppose - tough competition.

    • @piotr2951
      @piotr2951 23 дня назад +1

      @@vahangood5999 "working more yields more pay" yeah right, get real

  • @mohhamedakmal3807
    @mohhamedakmal3807 23 дня назад

    Finally old newsthink is back 😀😀

  • @evennorthug2585
    @evennorthug2585 23 дня назад +3

    US liberalism surely gives a competitive edge. So does the liberal immigration regime for skilled labour, government subsidies as the IRA program, a strong army to back up sanctions, controlling NATO, being the hegemon, the WW2 heritage, the dollar etc etc. This produces billioneers but also the lack of social security. The US is becoming highly polarized. Nevertheless, the US is struggling to compete with China, in spite of the liberalism. We now experience sanctions and trade tariffs. Europe's 'handicap' will persist in an ever more capitalistic and global world. But politics is more than business conditions. Ich bin ein Europeer!

    • @dfdf-rj8jr
      @dfdf-rj8jr 8 дней назад

      en.wikipedia.org/wiki/Median_income
      The facts don't back up your arguments.

  • @Makoto03
    @Makoto03 22 дня назад +2

    Fantastic video. While i do appreciate some regulations the EU has, i do think they go way overboard. Not surprised to see so many companies refuse to go through the hassle and decide to start in the US instead.

  • @nikolairau
    @nikolairau 22 дня назад +3

    We have Arm, Asml, Zeiss, Trumpf, Bosch, Siemens , Airbus, Novo Nordisk, BASF, Bayer, SAP, NXP, Infineon.

    • @karlmin8471
      @karlmin8471 21 день назад +1

      They are old enough.

    • @Tamara-im8dj
      @Tamara-im8dj 18 дней назад

      @@karlmin8471doesnt make em not rich

    • @smallcube-zn2mm
      @smallcube-zn2mm 18 дней назад

      @@Tamara-im8dj China and some other emerging countries from Asia will takeover those companies in two decades and make Europe 'not rich'

    • @sebastiangruenfeld141
      @sebastiangruenfeld141 15 дней назад

      Nvidia alone has a larger market cap than all German companies combined lmao

    • @nikolairau
      @nikolairau 15 дней назад

      @@sebastiangruenfeld141 die meisten Deutschen Unternehmen sind nicht Mal an der Börse gelistet. Was soll die Aussage überhaupt bedeuten?

  • @DreamDemonify
    @DreamDemonify 2 дня назад

    Europe is a neverending bureaucratic nightmare.

  • @hungo7720
    @hungo7720 23 дня назад +1

    Apparently, Europe was hit so hard following the aftermath of the dreadful 2008 financial crisis. To make matter worse, such upheaval was intertwined with the lack of capital inflows and lack of investment.

  • @mkjyt1
    @mkjyt1 23 дня назад +8

    Only tape the EU has let its citizen to cut is "Eat Ze bugs tape"

  • @Joel-ux7vw
    @Joel-ux7vw 20 дней назад +12

    In short, keep the government out as much as possible

    • @Number6_
      @Number6_ 17 дней назад +1

      No, In short keep the Capitalist out entirely!

    • @sebastiangruenfeld141
      @sebastiangruenfeld141 15 дней назад

      @@Number6_ the capitalists are the reason why America is ahead of Europe

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 6 дней назад

      @@Number6_ Which keeps innovation out, & that's the problem.

  • @edwinschaap5532
    @edwinschaap5532 14 дней назад

    0:26 From which 4 (ASML, NXP, Adyen and Wolters Kluwer) are in 1 little country.

  • @lawrencefrost9063
    @lawrencefrost9063 17 дней назад +1

    The question is : What do you want to prioritize?

  • @Bob-gj8by
    @Bob-gj8by 23 дня назад +50

    So there is less exploitation in workforce in EU, Great

    • @yeahitskimmel
      @yeahitskimmel 23 дня назад +20

      Basically the same as: "Why is everything made in China"

    • @budbin
      @budbin 23 дня назад +15

      of course there is less exploitation when there is less of everything

    • @kevikiru
      @kevikiru 23 дня назад +15

      We are talking tech here dude! The only people who are overworked are the founders. When these companies get big, they have the most pampered employees. Perhaps more pampered than European employees. I have no idea what you are on about. I think you are just repeating a cliche without knowing the context.
      And when there are employees involved early on, they often have equity in the startups, which ensures that when the company succeeds, they become very wealthy.

    • @besteirolnerd2615
      @besteirolnerd2615 23 дня назад +11

      Clearly you missed the part where she said “Europe makes it much more difficult to start a business”

    • @blucat4
      @blucat4 23 дня назад +3

      So not getting 2 months holiday per year is exploitation? Woker alert!

  • @GoHerping
    @GoHerping 21 день назад +1

    haha, i love the spacex clips. i think of Europe as an overprotective parent. sure, you'll be safer, but it's no fun

  • @val-schaeffer1117
    @val-schaeffer1117 22 дня назад +4

    Dissent and innovation are two sides of the same coin. You cannot have tech giants in a regimented homogeneous culture which punishes failure 10x harder than it prizes success. Reward to effort (and risk ) ratio are flat. So people stick to being reliable and efficient "one trick pony".

  • @lutaayam
    @lutaayam 23 дня назад

    Let me guess. Legislation?

  • @chris_jorge
    @chris_jorge 21 день назад

    Europe seems to be growing comfortable passing regulations aimed at drawing fines from US companies. Its billions now

  • @KiranKumarBokkesam
    @KiranKumarBokkesam 22 дня назад +1

    Do we need giants?

  • @STEM671
    @STEM671 День назад

    mutual origin cristal und oval or flatter ones above spheric NPR NCR

  • @nesseihtgnay9419
    @nesseihtgnay9419 22 дня назад +1

    How that sister company executive that made fun of elon musk words came back and bite him in the ass so hard!!! 😂😂😂😂😂😂 He is so embarrassed i bet.

  • @thelastattempt666
    @thelastattempt666 21 день назад +1

    It helps America gives rich people so many tax breaks and loopholes too, almost lets them get away with murder

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 20 дней назад +2

      Nobody said it was perfect and definitely needs improvement, but Europe is worst off in the long run.

  • @Theoryofcatsndogs
    @Theoryofcatsndogs 23 дня назад +4

    About the reusable rocket thing. It is not the Europe look down on the concept, pretty much the whole rocket industry laugh at it before it happen.

  • @samrajagarwal3656
    @samrajagarwal3656 16 дней назад +1

    please tell me this is a satire video

  • @aryankumar87771
    @aryankumar87771 22 дня назад +1

    the voice in this video is definitely ai

  • @ConnoisseurOfExistence
    @ConnoisseurOfExistence 23 дня назад +20

    It's much more important that people are happy, than to work long hours to compete with others. French are absolutely right to set 35 hours max working week and everyone should follow their example, not the other way around.

    • @Dave05J
      @Dave05J 23 дня назад +4

      France ranks lower than America on happiness index. France has a lower HDI(0.903) as well(America's is 0.927)

    • @Newsthink
      @Newsthink  23 дня назад +25

      When GDP continues to go down and life becomes harder, they won’t be happier.

    • @Pete_YT
      @Pete_YT 23 дня назад +5

      French work culture would let humanity die with a whimper. A bright future requires intention.

    • @Booz2020
      @Booz2020 23 дня назад +3

      Make BAGUETTES Great Again 🥖

    • @dzlfiqar
      @dzlfiqar 23 дня назад +3

      Unless ai and robot could replace labour, a civilization is still bound by a level of productivity to thrive and prosper

  • @dzlfiqar
    @dzlfiqar 23 дня назад

    Unless ai and robot could replace labour, a civilization is still bound by a level of productivity to thrive and prosper

  • @victortoba-ogunleye4056
    @victortoba-ogunleye4056 23 дня назад +4

    Still worshipping elon musk, I see

  • @thatundeadlegacy2985
    @thatundeadlegacy2985 23 дня назад +4

    Its pointless comparing market caps of companies, a lot of european compeanies are private and everybody invest in the s&p 500, over inflating these companies stock, just look at teslas value.

    • @mistermood4164
      @mistermood4164 22 дня назад

      Why don’t Europeans buy euro stocks?

    • @thatundeadlegacy2985
      @thatundeadlegacy2985 21 день назад +2

      @@mistermood4164 Because Americas stocks are overpriced and they will continue to grow overpriced.
      everyone in the world invest in the us stocks.

    • @mistermood4164
      @mistermood4164 21 день назад +1

      @@thatundeadlegacy2985 sounds like euro companies aren’t competitive

    • @thatundeadlegacy2985
      @thatundeadlegacy2985 21 день назад

      @@mistermood4164 yeah why bother when you get taxed half your profit.
      and you have to care about your employees you cant just fire 1000s of them,
      you gain influence with more employees.

    • @tluangasailo3663
      @tluangasailo3663 19 дней назад +1

      Still Tesla is growing faster both on profits & revenue than every European brands ...lol

  • @johnisdoe
    @johnisdoe 19 дней назад

    I wonder why safety became a burden. The US has a history of letting corporations self regulate, then dealing with the fallout of whatever comes. Silicon Valley probably adapted that model from project Mercury or the USAF test pilot program. But that's just my guess. Regardless, congress is bad at catch-up, and the regulation always arrives too late (look at bell, apple, Amtrak, etc). Additionally the startup model in the US is also a shortcut that some people use to enrich themselves. Even though that claim not exactly something I can reference, watch the interview with y combinator CEO and gauge his demeanor when asked the billionaire "boys club" question. It's not as bad as Mira's response to the RUclips question, but it's something.
    Dreaming big and taking risks is definitely something Europe should embrace, but EU and European venture capitalists should sit down and figure out what that would look like, then work to develop a startup model for Europe, to fit European society.

  • @Leto2ndAtreides
    @Leto2ndAtreides 19 дней назад

    There are ultimately all kinds of things wrong with the European ecosystem.
    I personally think that the European style does make sense if you want a system with a lot of socialist policies, worker rights, etc.
    But that requires stability, and for your businesses to remain consistently profitable and growing... Which is easier when you're scrappy.
    Europe also doesn't have as much individualism... Which produces heroes but also sometimes destroys people... Often, you risk being destroyed when you try to be a hero anyway.
    Chill places, can't also be highly competitive.
    China actually beats the US on competitive spirit... Which the US is handling in a rather negative way right now.
    But anyway, the Chinese typically say of startup hours... 9/9/6... 9am to 9pm, 6 days a week. With founder hours being like 9/11/6.5 ... Acceptable sacrifices for people with big dreams and who want a shot at completely changing their lives.

  • @DragonKingGaav
    @DragonKingGaav 14 дней назад

    ASML and SAP are big.

  • @amairanas9887
    @amairanas9887 23 дня назад +2

    Is no one gonna talk about the smooth integration of the sponsor😊

    • @ajward137
      @ajward137 23 дня назад

      Welcome to RUclips 2024! Everybody's doing it.

    • @texdoms
      @texdoms 22 дня назад

      You did not see that one coming, didn't you? Me either 😁

  • @j1r223
    @j1r223 4 дня назад

    Well why is there none in India?

  • @JimCrossan
    @JimCrossan 23 дня назад

    UK buggered off

  • @fofoqueiro5524
    @fofoqueiro5524 9 дней назад

    Talents are moving to US of course for better opportunities

  • @courtlaw1
    @courtlaw1 19 дней назад +2

    You know after listening all the issues with Europe in Tech I may want to move to Europe. Tech industry will ruin many of our lives in the U.S while on it's current trajectory.

  • @lynxlecher9547
    @lynxlecher9547 23 дня назад +9

    Spotify is a scam.

    • @budbin
      @budbin 23 дня назад +2

      why?

    • @lynxlecher9547
      @lynxlecher9547 22 дня назад

      @@budbin Benn Jordan

    • @lynxlecher9547
      @lynxlecher9547 22 дня назад

      @@budbin look for

    • @lynxlecher9547
      @lynxlecher9547 22 дня назад

      @@budbin his channel

    • @santostv.
      @santostv. 19 дней назад

      They made profit, if they offer a advertised service they aren’t a scam.
      Spotify just needs to be brought by a big company but unfortunately for them is easier to create their own music streaming platform

  • @SunnyD5057
    @SunnyD5057 22 дня назад

    So you mean to tell me that Europe doesn't exploit their workers? Circumvent consumer protections and exploit the consumers like the American market. Yes, I think you're probably right.

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 20 дней назад

      No, they just turn them into mindless sheep with temporary comfortable living that is on the decline due to the lack of innovation.

  • @TheBlackManMythLegend
    @TheBlackManMythLegend 23 дня назад +14

    it's not hard work. It's the USA being able to print USD at will to invest in whatever. Making them way less risk averse. If soemthing fail. Meh just print more USD.
    Europe being a collection of country that must not failed( Greece, Italy.. ) with some making money ( Germany, now in. turmoil with Russia stopping the gas flow and making rukus in Ukraine ) .
    USA just have better environement. Compared to other countries. ANNNNNND on top of that they work hard too. But if you factor in the work environement Europe is punch higher than their weight and could crush the world with a better environement.

    • @TheBlackManMythLegend
      @TheBlackManMythLegend 23 дня назад +2

      my point.
      The mindset is the result of environement.
      If the US environement was USD scarcity ( can't print it at will )
      Well no people will move there no risk would be taken this much. The job flexibility would be nil.
      It will be way less pleasant very fast.

    • @Dave05J
      @Dave05J 23 дня назад +10

      ​@@TheBlackManMythLegend so you're calling private investments "printing" USDs??? Check your brain lol

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 20 дней назад +1

      Europe regulates itself out of business.

  • @santostv.
    @santostv. 19 дней назад

    I disagree with the stripe example, also you added nothing that nobody has said different if you truly worked in Europe you should have a smaller notion on the reasons but I guess not.
    In the USA old money makers will give you money some will even beg you, in Europe they are they usually feel thr3atened by it,
    You could also compared European start up to their usa counterparts, you talked about stripe but not about revolut or that besides the the eu law every country is quite different in terms of laws,regulations,culture,lifestyle ect.
    The landscape has changed since ~2015.

  • @user-sn2oq4qt7b
    @user-sn2oq4qt7b 19 дней назад

    Thats why the world look up to eu standards u know its high standard and not easy.

  • @phil1pd
    @phil1pd 20 часов назад

    But at least they have their 'privacy' lol

  • @regolith1350
    @regolith1350 23 дня назад

    2:39 "One of America's defining strengths is its ability to attract a diverse and highly skilled workforce from all over the world"
    I understand the point you're trying to make but many people (the diversity mafia) will inappropriately emphasize and fixate on the value of "diversity" (at least the kind of diversity that usually gets discussed in media), and get the cause and effect precisely backwards. In my opinion "diversity" is not only highly overrated but largely irrelevant. The important insight is that Silicon Valley attracts a SELF-SELECTING population of highly skilled, extremely driven, high-risk-tolerant, entrepreneurial dreamers and go-getters. This is the top 1% of the 1% which makes them, in many ways, the OPPOSITE of diverse. Yes it's "diverse" in the most superficial terms of national origin and skin color, but in terms of drive, intelligence, temperament, there's a remarkably narrow spectrum of people who will thrive in this environment. This is the cream of the crop. The overqualified overachievers. These are not your 9-5 lifers, your unionized office workers, your 2-week vacation & pension focused cubicle drones. Silicon Valley is what it is because they've set up a playpen, stepped aside, and said "here, go play".

  • @diptyprakashswain1121
    @diptyprakashswain1121 22 дня назад

    Europe and America are same 🎉

  • @nesseihtgnay9419
    @nesseihtgnay9419 22 дня назад

    In America, its Constitution alone stand for opportunities, and it is all about high risk high rewards, thats why you see the biggest modern day technology all come from the US, like the Internet, transistors, computer, MRI, GPS, autonomous driving and of course AI now.

    • @purplehaze7615
      @purplehaze7615 19 дней назад

      internet was invented in europe, cern

    • @nesseihtgnay9419
      @nesseihtgnay9419 19 дней назад

      @@purplehaze7615 no, The internet was created in the United States. Its development began in the 1960s, primarily driven by the need for a robust communication system during the Cold War. The U.S. Department of Defense's Advanced Research Projects Agency (ARPA) played a crucial role in this process by funding the creation of the ARPANET, the precursor to the modern internet. The first successful message sent over ARPANET occurred in 1969 between computers at the University of California, Los Angeles (UCLA) and the Stanford Research Institute, key figures:
      J. C. R. Licklider, Paul Baran, Donald Davies, Robert Taylor, Lawrence Roberts.

    • @nesseihtgnay9419
      @nesseihtgnay9419 19 дней назад

      ​@@purplehaze7615 no, The internet was created in the United States. Its development began in the 1960s, primarily driven by the need for a robust communication system during the Cold War. The U.S. Department of Defense's Advanced Research Projects Agency (ARPA) played a crucial role in this process by funding the creation of the ARPANET, the precursor to the modern internet. The first successful message sent over ARPANET occurred in 1969 between computers at the University of California, Los Angeles (UCLA) and the Stanford Research Institute.
      Key Figures
      J. C. R. Licklider, Paul Baran, Donald Davies, Robert Taylor, Lawrence Roberts

    • @nesseihtgnay9419
      @nesseihtgnay9419 19 дней назад

      @@purplehaze7615
      no, no, The internet was created in the United States. Its development began in the 1960s, primarily driven by the need for a robust communication system during the Cold War. The U.S. Department of Defense's Advanced Research Projects Agency (ARPA) played a crucial role in this process by funding the creation of the ARPANET, the precursor to the modern internet. The first successful message sent over ARPANET occurred in 1969 between computers at the University of California, Los Angeles (UCLA) and the Stanford Research Institute.
      Key Figures
      J. C. R. Licklider, Paul Baran, Donald Davies, Robert Taylor, Lawrence Roberts

    • @securitycamera8776
      @securitycamera8776 6 дней назад

      @@purplehaze7615 No. The world wide web came out of cern.

  • @Guesswhokk
    @Guesswhokk 23 дня назад +3

    In Europe we......
    Dream Big ✅
    Work hard ❌ Quiet Quitting is a thing in US, China, Japan, Korea including suicide culture
    Cut red tape ❌ Lehman brother crashes
    Work & Life Balance ✅
    Job Security ✅
    Equal opportunity, training and education ✅
    Let everything dictated by market forces, including life long student loads ❌
    Would you really want to live in US, and not in EU?

    • @Booz2020
      @Booz2020 23 дня назад

      Just like Living In HUNGARY ❓

    • @wussrestbrook1200
      @wussrestbrook1200 22 дня назад +1

      Dream big what has Europe invented since ww2

    • @santostv.
      @santostv. 19 дней назад

      The USA already killed the eu in 08s and now people are just sticking the knife further by bringing usa bs rethoric here.

    • @santostv.
      @santostv. 19 дней назад

      The USA already killed the eu in 08s and now people are just sticking the kn1fe further by bringing usa bs rethoric here.

    • @dfdf-rj8jr
      @dfdf-rj8jr 8 дней назад

      en.wikipedia.org/wiki/Median_income
      Lmao bro, nobody's moving from NYC to Copenhagen

  • @The_Grimclaw
    @The_Grimclaw 16 дней назад +3

    TLDW: Europe has better worker rights and protections which make it hard for startups to grind their employees to the bone for no pay.

  • @dfdf-rj8jr
    @dfdf-rj8jr 8 дней назад

    The European cope in these comments is unfathomable, I never knew y'all were so sensitive to criticism

  • @poudelrabin
    @poudelrabin 23 дня назад +3

    Leaving a comment to remember i didn't destroy my teen .

  • @cryptout
    @cryptout 22 дня назад +2

    I short, Europe still values happiness above money and thus work comes 2nd.

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 20 дней назад +1

      Thing is, you keep killing innovation and you kill the happiness.

  • @rccc5806
    @rccc5806 22 дня назад +2

    The battery passport, never heard of it, but it's a great idea and I'm glad about it. Let's see how really greener are the EV's.
    I mean all the regulations mentioned here are very sensical actually. Wtf of a progress is she talking about than? It's a progress that only benefits the rich and un-scrupulous. For me, I don't want to have anything to do with their Teslas or AI. They can burn themselves to death for all I care, because that's already happening.

    • @lagrangewei
      @lagrangewei 18 дней назад

      yet you don't apply the same demand on a car engine. let be real, the passport is just a stall tactic because european can't compete with BYD and Tesla. however this will only further slow down european development. China and US will monopolise the rest of the world market. protectionism has never worked, that is why we abandon it after the great depression. repackaging protectionism in a new name will not cause it to work. europe can't demand US, africa, russia to comply to their standard. so those market will end up dominated by non-european brand.

  • @nuznikas
    @nuznikas 2 дня назад

    Becouse usa prints money they can aford biliona to air

  • @porta_patrols
    @porta_patrols 22 дня назад

    no slavery, Star Trek must be future

  • @tibsyy895
    @tibsyy895 23 дня назад +1

    The Brussel autocratic nightmare!

  • @thatundeadlegacy2985
    @thatundeadlegacy2985 23 дня назад +2

    yes elon is blowing up hundreads of rockets over a nature reserve,

  • @user-lj5oj3rk3q
    @user-lj5oj3rk3q 23 дня назад +1

    Less government regulation is not always a good thing. SBF would not have been able to exist in EU, but good for the USA right? Spotify would have a lot of problems discontinuing Car Thing in EU. Imagine if the USA actually gave a shit about its labor force. This video appears to be saying, US good and EU bad because EU cares about people and not money.

    • @Timbothruster-fh3cw
      @Timbothruster-fh3cw 20 дней назад

      Those regs are just a means of control, not actual care for the people.

    • @santostv.
      @santostv. 19 дней назад

      Problem is not even that, even after all this time people still don’t understand the different mentality most Europeans have compared to people living in the USA, about regulations California also has some regulations similar to the eu and they are still the mecca for entertainment and software, it’s was Europeans that build Hollywood for example so them calling us lazy is a idiot statement imo.
      If an American wants to earn more to what country they can move to? The answer is nowhere if and Asian,European African wants to make more money? The answer will most likely be the USA
      English is the lingua franca in my country we learned it in primary school , pop culture is mostly based in the USA.

  • @deeptoot1453
    @deeptoot1453 21 день назад +1

    Netlfix is not tech, hasn;t been considered ''tech'' since at least the term the "magnificent 7" came around.

  • @bobbyschannel349
    @bobbyschannel349 22 дня назад

    They got only fans, don't forget that

  • @kmjgsdkmjgsd
    @kmjgsdkmjgsd 23 дня назад

    If theyre asking for supply chains and carbon passport things to be labelled and datasets to be disclosed, EU isn’t even trying to benefit its customers anymore. All the other crap tho makes at least a small bit of sense for consumers.

  • @orlandosnaps4723
    @orlandosnaps4723 23 дня назад

    What happened to your voice…….?

  • @gilberttello08
    @gilberttello08 23 дня назад

    ✋✋ Philippines

  • @LanLai-lw2jd
    @LanLai-lw2jd 23 дня назад

    SpaceX . Starlink. Starship 。。。。 I love you . Haha 😅❤

  • @technofeeliak
    @technofeeliak 23 дня назад +5

    Elon Musk... he's proving himself to be a snake oil salesman.

  • @mbs0710
    @mbs0710 23 дня назад +7

    well atleast Europe is clean

    • @marshall3331
      @marshall3331 23 дня назад +3

      no

    • @rutujd3270
      @rutujd3270 23 дня назад +7

      Go watch a video about cleanliness and feel good about yourself lmao

    • @budbin
      @budbin 23 дня назад +1

      lol

    • @Dave05J
      @Dave05J 23 дня назад +2

      NOT

    • @mbs0710
      @mbs0710 22 дня назад

      @@rutujd3270 rude

  • @Jaikarthiksvpuli
    @Jaikarthiksvpuli 23 дня назад

    First like

  • @shahzodmustafoyevtuit9262
    @shahzodmustafoyevtuit9262 23 дня назад +1

    First comment 😮😮😮

  • @tedchandran
    @tedchandran 18 дней назад

    Jao Hinduja. We Indians should be offering to buy TikTok

  • @regolith1350
    @regolith1350 23 дня назад

    6:45 "Europe no longer has an independent way to reach space after losing access to Russia's Soyuz rocket..."
    If you're talking specifically about human spaceflight (Europe sending its astronauts into space) Europe has NEVER had independent access to space. They have always flown on the American Space Shuttle, the Russian Soyuz, and now the (American) SpaceX Dragon. Europe never developed its own human spaceflight capability. What happened recently is that Europe lost ALL ability to launch anything at all into space. No Soyuz (operated by ArianeSpace and launched out of French Guiana), no Ariane 5, no Vega.

  • @Samng271
    @Samng271 23 дня назад +1

    It is nightmare every time we need to do compliance with EU standard. So much money and time spent.

  • @mohamedaityoussef9965
    @mohamedaityoussef9965 21 день назад

    No

  • @prezlamen
    @prezlamen 21 день назад

    That is the one of the most stupidest thing I heard,they have more profit beacuse they not paid taxes.America need Bearnie Sanders to shape country to fit more for workers,and to lower week hour,from five to fourth days

  • @karlmin8471
    @karlmin8471 22 дня назад

    Europe is lagging far behind. NVidia is now the world third largest company. It's a new company, founded in 1993. Look big companies in EU, most of them were founded over 50, 100 or even nearly 200 years ago like BMW, Siemens. Can you imagine American biggest companies are still GE, Ford, and Standard Oil? Europeans are lazy, not at work, but at innovation.

    • @HitPoint19
      @HitPoint19 21 день назад +1

      That doesn't add up when Europeans are the only ones who figured out how to create ASML machines so others can make their CPU's. Philips had massive R&D facilities that created a lot of modern tech i.e. compact disc, they also saved TSMC and even had a 27% stake in it. They just completely sucked at executing those innovations into profit.

    • @santostv.
      @santostv. 19 дней назад +1

      You know a lot of Europeans go to America right, so you calling us lazy is false, is like calling Mexicans lazy.
      The reason our company are still old is because of that in most countries they control everything but in the USA a company can control every usa state in Europe they only have a monopoly/olygopoly in their own country so you are only allowed to grow if you don’t compete with old money makers also again our business sector is mostly small to medium companies owned privately and a lot of times no outside investments because you can’t risk people knowing your shenanigans.
      In the tech industry is different but you need the old money makers money but they are relantant to give to you because they already have the life they ever wanted meanwhile most usa people want more and more to buy more and more.
      She talked about stripe but didn’t mentioned that in fintech we are quite good at it with companies like revolut,wize,klarna,trade republic and others we even a European association of mobile payment apps.

  • @bizsmartworld6137
    @bizsmartworld6137 21 день назад

    EU doing is the right job.
    EV & AI are not going to help, need more time for improvement, so no need to worry.

  • @x-men69-96
    @x-men69-96 23 дня назад

    That happens when Democrat in charge in America

  • @ucan1
    @ucan1 23 дня назад

    If this video goes viral, my comment is gonna go viral

  • @alsadekalkhayer7007
    @alsadekalkhayer7007 23 дня назад +2

    There's a reason why EU doesn't fall for the monopoly trap, the rest of the world should be trying to follow. Meanwhile Windows 11 is forcing "Recall", good bye privacy