TechAltar plz do a analysis of India technology ecosystem too, for example high-speed internet with very cheap rates that have been brought up by JIO,huge investment by Xiaomi, Samsung and obviously by Google and the recent push of 5 billion dollar by Amazon.Even for One plus India is a very huge and important market as as shown by there huge sales.Also Indian tech companies like Flipkart which is fighting Amazon,Ola which is fighting Uber. And so many tech cities like Bangalore, Hyderabad, Chennai etc. What is your opinion in this whole big mess of investment and competition between American, Chinese and Indian companies??
Why did you forget about Russia? It has a lot of successful Russian companies. They are not global, but they dominate Russian market. Chinese software is also only popular in China, but you mentioned it. There are some globally successful too, like Kaspersky.
One more thing Siemens, Ericsson, Nokia NSN, Alcatel etc. Are doing well, but its is not in consumer electronics, but backbone for mobile operator, medical equipment, aviation, military, PLC systems etc. Europe shifted its business orientation towards building solutions and services for companies instead of end users
those companies can be replaced easily but you can't replace companies like google and microsoft. companies like nokia and ericsson are living off of past glory, their patents are getting old and they're not producing new ones like they used to. nokia at one point had more marketshare than samsung and apple combined.
Yup, whole industry automation sits on European products and solutions. Consumer products are only the very end of technology, let's not forget about that. All those consumer products are made on machines with Siemens, Festo, Rexroth, Schneider, IGUS, KUKA, ABB components. The only competition may be from Japanese companies mainly in robotics.
Also, Americans seem to have a more consumerist culture. I'm working at a tech start-up in Berlin and yet our focus is the US market as we're making most of our money there
It's true, credit card debt in the US & Canada is through the roof. And if you don't have that, you probably have student loan debt. Even I've never owned a credit card in my life and I've still been paying college debt for years.
Thanks Dr Megaman. I remember you as well. Google is wanting to employ the same trust counter mechanism they have in China here in the USA. Alex Jones exposed this, so they canned his ass and blamed some school shooting crap that passed years ago. Apple now admits they have this counter, but use it only for internal purposes. Yeah..... I bet. The trust counter determines if you are a "good citizen" by analyzing websites visited, email data and purchases made. If your counter is too high, then officials will arrive to assist you in exhibiting proper behavior. Biggest brother nightmare situation developing right before our eyes. China is poised to be the new world superpower and the Silicon Valley Socialist Sellouts are all on board. You cannot buy or sell without the Mark of the Beast.
I love how everyone doesn't seem know the difference between consumer tech and industry tech. No, the EU is not doomed, still making long lasting tech for enterprises all over the world... You get your phone from china, sure, but the machine that helped build that phone didn't come from china.
europe IS doomed. right now it has the know how. that's literally the only thing europe has. if asia catches up europe will be insignificant. europe was way too wealthy in the last few decades by profiting from underdeveloped countries and it still does it. it will all fall apart in the next few decades.
@shurednichso South Korea is not socialist at all and China have left the commie Socialist club at the beginning of 1990s. China just have an authoritarian government but nearly all means of production in Korea and most of it in China belongs to people/ businesses and not the government.
@@nicktaylor5264 How is capitalism is fucked when you are using its products and services to bash it?🤣 Do you even know the difference between "free market" and Capitalism. The latter just means that the means of production is left to people. If you have a land or oven , these are means of production (cuz you can make grain and bread). If government leave it to people and those who pgain from making these products can keep the proceeds. Then that is capitalism. Free market is a bit confused. Its place where people can but and sell the products and services they produced. We have regulated markets but not free from safety regulations. However it's understood today that it links to capitalism by letting people produce what they market wants, at the quantity the market needs and the prices it can bear. Now the commentator you were responding to is a nuts. He should explain and not insult. Thanks for reading.
# @Heather Larson: Well, if China gets ahead in technology, Europe can at least become a tourist location for chinese tourists interested in ancient temples or medieval castles. The US however will not have that option, as there are hardly any buildings older than 150 years. Just saying...
Because Europe is too busy with heavy industry tech instead of consumer tech. Industrial and engineering(Siemens, Bosh, ABB, Schneider Electric) Automotive (Daimler, VAG, Exor), Chemical (BASF), Aerospace (Airbus), Defence (BAE). Information/consumer technology is not the only technology.
So what? America has plenty of industrial and engineering firms (General Electric, AECOM, Catepillar) Automotive (Tesla, GM, Ford), Chemical (DowDuPont), Aerospace (Boeing), Defense (Lockheed Martin, Northrup Grumman, Raytheon, General Dynamics)
+Magnus Friberg Electrolux is ranked third behind American appliance manufacturer Whirlpool and Chinese company Haier. American Cisco Systems is the largest networking company in the world.
I've been living in Italy for the last 6 years as a freelance English Coach. Taxes here are no joke. Looking to leave soon unfortunately. It's better to be an employee here compared to being self-employed or a small business. It is sad to see.
Seriously, Taxes and Government regulations are irritating. You are not allowed to experiment with many new Ideas for the European market. You have millions of regulations and dumb taxes that doesn't make sense.
The only way by which you can effectively redistribute wealth, is by destroying the incentives to have wealth. and if there is no incentive to have wealth, say goodbye to innovation, productivity, progress and welcome to Dark Ages 2.0.
This video and the analysis you've made were great. I'm Italian and we have ZERO general tech companies here. The only tech companies here are the ones that belongs to the application layer. They develop basic website, blogs, mobile apps and they're quite similar between each other. They struggle to spread their services across the entire country and they grow or die in the same city they started.
FIAT-FCA? ST Microelectronics? ENEL (One of the biggest energy companies in the world...)? ENI? Piaggio (who builds engines and parts for aviation and space...) not to speak about many many others... The problem in Italy is that the money ends up in accounts in Lichtenstein, Belize and so on... Maybe if we avoid electing Berlusconi next time we still have some hope for a better future
+this is it Benefit of having the top three ranked internet exchange points on Earth so much for having no infrastructure I guess huh? en.wikipedia.org/wiki/List_of_Internet_exchange_points_by_size the European tendency to open internet exchanges which draw huge numbers of providers together proved to be a better strategy by far than the carrier owned exchange points in the US.
Summary: In Europe the laws are pro-consumer. In USA/China it's pro-company. All the other reasons he came up is derived from that. E.g. there is no Silicon Valley/Shenzhen equivalent area in Europe. Successful European companies are bought by non-European companies. And this is mirrored in the population's happiness. Due to Europe being pro-consumer, representing the interest of the population, etc. the population are much happier than USA/China at the expense of tech **companies** going elsewhere since there are less regulation that are anti-consumer or harm the environment. Furthermore they pay less tax so they are contributing less to society (infrastructure, etc cost money). This is exactly why companies are successful in China and USA but have worse quality of life. At the end of the day what is more important. Money or quality of life? You can buy quality of life with money but that makes only you happy. This furthers the gap between the extreme poor and the extreme rich - which is again something you see more in USA and China than in Europe.
@@deprogramm when you would do research, you would know that the most depressed people life in the USA, China and India Here if you wanna know why www.usnews.com/news/best-countries/articles/2018-07-02/why-are-suicide-rates-rising-in-the-us-while-falling-in-most-of-europe
How do you know the population is happier in Europe? I think you've been swallowing a bunch of propaganda. Nobody has ever asked people 'how happy are you?' and compared them between Europe and America. I've seen 'happiness index' and its full of bias and assumptions to say the least. North Koreans who defect to South Korea say that people in North Korea are very happy. They are worked like dogs and told lies and propaganda but that doesn't stop them from being happy. So to say that people in Europe are happier is an all around nonsensical statement.
It was originally a French brand that had 2 businesses: phones and network equipment. The smartphone brand was sold to TCL, a Chinese company, and the network equipment business was sold to Nokia.
Thank you very much for the reply!! I think you're the first RUclipsr to reply to my comment (not that I comment that much anyway). Keep doing your videos. I love it!
Also, out of europe's 10 fastest growing companies, 5 are swedish. I think Europes the technical edge is located in Sweden. After all, it might at least be a good place too look for ideas.
Logitech is Swiss. They have a good market share in computer peripherals. There are also pro-sumer and industrial brands like Hasselblad, Leica, Broncolor, CEDES, ST Microelectronics.
I love my Logitech thumb-driven trackball. I've used one since they first made them back in the 90's. The only reason to replace them (Other than theft or massive damage) is because technology on connectivity leaves them behind (like, no PS2 connectors available anymore). They are durable and perform better than any mouse.
I think there is an additional reason why tech companies are not coming from Europe. I don't think any new big startup will come from Europe. This is because of the exact same thing that you talked about at the end of the video: Life is great in Europe. China is producing new and better companies because it has tons of problems. People with entrepreneurial spirit try to solve those problems and in the process, they make money. And then after that, they realise that similar problems exist everywhere else so they just expand to those places and in turn creating huge companies. If your life is good and there aren't many big problems around you, why would you bother with anything? You can see this happening more clearly when it comes Electric Vehicles. China has made huge strides in this field. This is because of the simple fact that they huge pollution problems and government is trying hard to solve those problem. EVs are an obvious solution to that problem and hence are diverting all their resources towards them. NOte: You also need all the stuff he talked about in the video to produce a great startup oppurinites.
shwetank verma One point contradict the electric car. Norway has the highest number of Tesla car in the world. With free electric charging provided by the goverment.
Except that Tesla is an American company using batteries made in China (not anymore though). I am pretty sure that the charging technology is not Norweign. I am not talking about adoption of products but the companies who make them.
shwetank verma Maybe the Norway take the safe route. Why invest in high risky company that may or may not deliver the product vs already exist electric car company such as Tesla. I think Tesla bsttery bank is not from China. It is from South America. I dont quite remember which country. But ESA satelite did overview picture before the lithium mining facility.
You should really call this video "how Europe lost its consumer tech companies"... If you have a look at industrial tech there are so many companies in Europe with world leading technology.
@ZEPHER070 He talked about INDUSTRIAL tech and your mind is still focused on shit individuals buy. Are you sure you're not the one who's affected by incest? God I envy the unearned confidence of morons like you. Absolutely brain dead yet so sure of yourself.
it's true that there is a tech deficit in europe but for example in business software SAP, a german company, has the biggest marketshare in enterprise software distribution and is a global player. "As of 2016, SAP is the world's third largest software and programming company" [quote: wikipedia SAP SE]
Do not underestimate the fact that we in Europe don't love our engineers like they do in the USA or Azia. For example the engineers from MIT are more known then the engineers from TU Delft. The aproach to tech is also different we want good reliable stuff and want to pay for it. Therefore the customer protections laws are enhanced. Televisions, cars, computers, furniture our houses are beter build an much more expensive then in other parts of the world.
I have a topic for a new episode for "Calm Before The Storm" and it is the blockchain technology(The technology used in most cryptocurrencies, but can be also used in security or surveillance systems). I would like to see if the technology will proceed to grow or be forgotten in a couple of years.
Does anyone from Google still care about youtube or is an autistic dog doing design for youtube now? I know that, but I want to know how the technology behind cryptocurrencies(the blockchain technology) will mature.
GTA was originally a Scottish game and even after it's acquisition by Rockstar inc. GTA V was developed completely by Rockstar North, a subdivision of Rockstar, who's headquarters are in Edinburgh. So GTA V was developed completely in Scotland
I only partially agree with you. There are indeed almost no big consumer level tech companies left in europe. And the explanation you gave seems fine. But I don't see the term "tech" limited to smartphone, computer etc.. Hardware is mainly built in china while most of our daily driver software is from the U.S. .But all of these consumer products wouldn't be anything without some european companies. I'm from Germany, as you probably know, the car industry is pretty strong here. There are dozenz of suppliers for big car manufacturers (BMW, Audi, Ford) developing technolgies to make cars work and improve their overall quality. BOSCH for example isn't only one of the biggest sensor suppliers for cars, they also build the majority of the sensors used in our smartphones. I guess you know how a smartphone without sensors would look like. Another example is Siemens. You said there are no "universal" tech companies. Siemens are building like everything reaching from medical technologies to transportation systems and power plants. And these arent small companies. Siemens for example empoys over 350k people and makes over 83. billion EUR in sales. So I think saying there are no tech companies left in europe is a matter of perspective. If you define "tech" as a term limited to smartphones and computer technolgy your pretty much right, but I personally think there is much more things to technology than just smartphones
He said in the video that he was generalizing. Also I don't think Germany serves as a good example for Europe because Germany clearly has better workers with better work ethic and any country in Europe. You have to understand that "Europe" includes France where they want tons of vacation time and tax the crap out of you. Europes "growth" years are behind them.
germany is a bit oustanding of all the european countries and you have to suggest that if you speak about europe. without germany's quality-work in machine-engeneering, a lot of companies in china or the usa wouldn't be where they are now. a missing logo of a german company doesn't mean there is no german work in it.
Yeah its true that the countries in the EU are really different. But I chose to use Germany as an example since I'm living in germany so I know more about the situation here.
MoVo1999 But how does that relate to the fact that Europe doesn't have any big Tech companies left? All you see are either US products or products from some Asian country. True, France Germany Sweden still have some "Mechanical Techs" left behind, but how about other stuff like AI and robotics? it's all offshored to US or Japanese companies..
You hit the nail on the head when you mentioned the ability to "hire and fire" easily. This one feel-good regulation has so many bad unseen effects on a large economy. Imagine you're a startup and you made a mistake by hiring the wrong employee in France, you're basically screwed, and other companies who see this will start hiring less because of the heavy consequences that come with it
yeah but it sucks for the people, do u want to get fired instandly? this law is the reason why there is so little poverty in germany in comparison to chins and usa
Regarding End-User Apps: Ubisoft is French, Codemasters is British, THQ Nordic is Austrian and then there are still the smaller Funcom, Techland, Crytek and many more. So regarding video games and sales numbers, european developers and publishers still matter a lot. Regarding hardware, Siemens and Bosch are still producing a lot of household tech.
Siemens just moved away from mobiles.. into way larger industries... I don't get why ignorant people talk about topics they don't know... mobile phones were like a pet project to siemens. Or do average people think telecommunications only means mobile phones? Rofl... i give up on humanity...
Yes, and industry power is one of their highlights - as far as I know(not from personal experience) on the main building of Siemens there is a sign that goes like "The safety if your entire system is only as reliable as your power supply" xD As far as I've seen there hasn't bin a better company than Siemens(and even they screw up from time to time ^_^ )
Szia, my Hungarian cousin! My name is Claude. I am a Romanian English teacher. This is the first video I see from you. I'm hooked. If you could, please, add your script in the description. Aside from watching your videos for myself, I would also like to use them as material for my English classes. Big fist bump if you could. Big fist bump either way for this cool video.
ARM Limited, powering most of your mobile tech sits in the UK. AMD's development sits in Germany. The app driven economy is not tech, it is entertainment, at best. It provides little to no jobs or real economic value. When building anything in the world you fall back to european tech. The real reason why you do not see european products, is the cheap labour and lax tax laws in Korea and China.
Adam Pick that sounds neat and all. But Europe is quickly becoming economically mute. So keep dreaming bud. Europeans are the Masters of sleep walking into dark ages. 😂
ARM licenses their CPU core, this is a tiny bit of the money made with mobile devices in the world. AMD cashed in some susidies from Germany, buying incompetitive former socialist companies, this is all gone now, what is left can be called insignificant. Concerning industrial products Europe also has lost first to Japan, then Korea and now Taiwan/China. The worlds biggest semiconductor foundries are in Taiwan. There is still some industrial products supply in Europe, but overall in decline too while more in Asia/and somewhat in US it is expanding. Now with the fresh influx of Muslims and the since many generations established Muslims in all of Europe, the dying out and emigration of the former top-achievers, this will acellerate.
ARM does not just licence: ruclips.net/video/Jyp6jFCzW44/видео.html There are only two countries to by from if you are serious about production, Germany and Japan are the only ones competing in the plant engineering world, the rest are building machines those two were making twenty years ago. Like making cars with technology from twenty years ago for India, there is a huge market for it, but you cannot call it a technology base. As for the muslim bashing, most EU countries have less then 5% muslims, still. Many do not even break 1%. Many of which are good factory workers and keep the economy rolling. As for emigration, well the Brexit already causes many talented young people to immigrate into the EU, not out of it. As does russian agression and Trump as president.
ARM Limited should definitely be considered as an European tech giant. But this video obviously put more emphasis on the software and IT services instead of hardware. I think that's why the video maker forgot to mention the company. By the way, ARM Limited was already sold to Softbank group, which is a Japanese company.
All phones sold today have an ARM chip inside them, so they should really count here. ABB, Siemens, Bosch and the likes are also giant tech companies, not just consumer-focused. But keep in mind that it is often far more profitable to be a business that sells to other businesses, rather than directly to consumers. There's a huge amount of money in the European tech industry, but you have to dig for a while to find those companies, they're almost hiding from us consumers.
Your right when it comes to the consumer electronics side of things. But there are many Branches where Europe has a few very big fish. You get companies like Bosch, Airbus, Siemens and of course the big automotive companies and every major contractor of them. On the other side you have major pharma companies like Bayer or Novartis or huge chemical companies like BASF or Henkel.
Hardware from Europe: - Cameras: Hasselblad, Leica, Zeiss - Audio: Bang and Olufsen, Bowers&Wilkins, Senheiser, Dali and many more - Other: Nokia, Philips Software : - Browsers: Opera - Music: Spotify, Deezer, Soundcloud, Shazam - Games: many, many companies - Other: AVG, Kaspersky So there are some left. Mostly in premium sector though. Feel free to add something to my list
European car manufactureres just wreck US ones and probably Asian ones as well. They have a much higher reputation as well. Tech is developing on that side of things, its being implemented more and more tech into transportation everyday.
They're still small but on the other hand, expanding rapidly since they are not paying their shareholders. But the real reason why this company might become a giant is that its founder will likely never sell.
I was just going to comment that! I totally agree with you. Even tho it's getting more on Canada's market to be honest (if we also look at their child-companies, such as SoYouStart and KimSurfi). And tbh, when I will need an extra VPS I will rent it right there, not on some Amazon or anything like that, because I feel more secure with their infrastructure. And i don't really know what Amazon would do to my service if I would get a 12GB DDoS attack when having on their network :P I mean... They would probably just block the IP for some time.
Well, the market for hardware and services for end consumers is just too saturated and giants like Philips or Siemens couldn't keep their way of doing things, like manufacturing in Europe. But if you look outside the consumer bubble, well there are still huge European companies behind the scenes. Go to any hospital, and you'll see mostly devices from Siemens or Philips. Traveling in a modern high-speed train? Chances are that's it's European made. Ask your provider what company build and support their infrastructure, and you might see Ericsson or Nokia networks (old Nokia-Siemens and Alcatel-Lucent ).
Lorenzo Blasco If we look in to CPUs and chips we have ASML also, the Dutch company that manufacturer the machines that makes Intel, Samsung and Qualcomm chips, so a bit of Dutch engineering is inside almost every phone and computer. And we can go completely outside IT and still have European technology all over the world, German cars or another Dutch example, is how the most challenging tunnels, under and on water projects from Dubai to Korea, are designed, made and coordinated by Dutch companies.
Nokia recently acquired Alcatel and Ericsson is in big troubles right now. Huawei is just taking the network industry over with blatant patent copying and government subsidised manufacturing. Also it's impossible to any foreign company to penetrate the Chinese market, which is one of the fastest growing ones.
Small companies like that don’t matter all that much. The biggest tech corporations in Europe can’t even compare with the biggest non-European ones. Neither AVG nor Avast bring in much revenue. They don’t even break a billion. Europe has plenty of companies like that, but they need a Facebook or an Apple. One company that’s worth more than each and every European tech company combined.
Sch Ng You should remember the official name of Taiwan is Republic of China. You can say Taiwan is not part of PRC (I'm definately not a supporter for the communist party), but Taiwan is for sure part of China. By the way, are you Taiwanese?
Taiwan the name for the Island given by the Chinese Communist Party because it believe its Taiwan as in the Province of Taiwan. Calling it Taiwan's official name: "Republic of China" means there are two Chinas (Republic of China and People's Republic of China) and undermines the legitimacy of the its very rule which is why the CCP is trying to insist Tsai insist on the "One China Policy." Besides ROC is probably more Chinese than the PRC b/c its ethnically 95% Han Chinese while the PRC is only about 90% Han Chinese and it uses Traditional Chinese and Mandarin Chinese as part of its official language. Americans use "Taiwan" because Americans are stupid and suck at geography since most think Taiwanese people are from Thailand and despite coming from Taiwanese parents didn't even know Korean or Thais people exists as a separate ethnicity instead of being "Asian" until I was well into my teens. You can change your nationality but you can't change your blood and ancestry, that's why despite global reference of the Koreas as N. Korea or S. Korea when its Republic of Korea and Democratic People's Republic of Korea but they're still both Korean. If you believe Taiwan is a separate nation then "Taiwanese" is a nationality not an ethnicity (unless you are that less than 5% aboriginal native) and also why despite coming from parents (one from Taipei and other Kaohsiung) I'm not "Taiwanese" I'm ABC because while being ethnically Chinese I have no citizenship recognized in Taipei but instead in Washington D.C..
No innovations in Europe since last 50 years because of Over-tax policy, no any rewards for those who aim high and for entrepreneurs. No wonder Europe is lacking behind and keep falling and falling!
In China you have to work hard because there are many people around you and they can take your job if you relax for a bit. Also, chineses usually don't care about labor laws, and people there easily accept these rules. In USA you have to work hard because there are too many high trained people especially foreigners who came there by Green Card program. Also, imho the USA's labor legislation is better for companies, but european is better for employees. You don't have to work really hard in Europe because, as we have seen in the video, there is "less income inequality". There is good actually, but as for competitiveness and challenging it is bad point
Your videos are incredible. I haven't seen someone go so much in depth when discussing a topic. Your videos are well researched, and well produced.. Really loving the channel
There's FAR FAR FAR more then just consumer home electronics that qualify as tech. There are A lot of tech companies in the EU just not the ones you want. How about you talk about Areospace, Space, and Energy. you omitted A LOT of so called "tech" and by the way Tech stands for Technology that could be anything that is cutting edge.
This. As a engineer who is moving to Europe. There is just so much industrial technology being developed in Europe. Just take a look on some anecdotal examples in germany like Kuka robots in automation or rohde & schwarz in electronic instrumentation. Or take a look at the export map of countries like germany, netherlands or belgium and you'll see a lot of automotive, industrial and chemical technology companies among others. What was presented in this video might be true in consumer technology, but technology is so much more, it is just that european universities and governments focus on other fields and finance those fields instead.
So SpaceX is taking away most of Arianespace's market share without even trying to compete? You just made the European space industry look even more incompetent. Oh and just why do you think they abandoned upgrades for Ariane 5 in favor of the completely new Ariane 6 design?
Szia! Egy pár hónapja találtam rád, és azóta nézlek + csodálom, hogy van a RUclips-on minőségi kontent is. És csak most döbbentem rá, hogy magyar vagy. ;-) Jók a videóid!
In France we lost all our big companies & industries because in the 80s a whole generation of CEOs (inspired by the U.S) decided that the evolution was to have only plant-less companies. So they closed all the plants, moved all the production to Asia and considered that only the "brain work" will only remain. They just forgot one little thing: when you produce something you learn also a lot about it. And one day you know enough to create by yourself and not only produce for the others. Basic logic but obviously it's still too high for our CEOs.
It should not be considered an extreme statement that the goal of our economic efforts should be, above all else, improving quality of life. You fucking go, Europe.
@Ducky McDuckface not really, technology has driven the greatest leaps in quality of life. You have clean water on demand, while most of history you would have had to build a well, and walk a few miles, and the well water might get you sick. You have tasty, and healthy food, cheaply all around you that even kings of past didn't have access to, and spent mounds of gold to obtain. You have the ability to fly through the sky that at no price, a king of the past could afford. You have airconditioning, so you don't even have to deal with bad weather. You are living better then a king 200 years ago. You are wealthier then a king 200 years ago as well, because, even if you choose to feel poor, you can afford things that are grand luxuaries of the past, for almost nothing. If you make the minimum wage in the US, Canada, or Western Europe you are in the top 10% of the world. If you make over 100,000, if you earn over 47,500 USD a year, then you are the top 1%.
That's a different kind of technology, the technology talked about in the video is consumer technology. Europe is a global player in terms of other kinds of technology. My point was that Europe does not need to produce laptops or cellphones in order to increase it's quality of life.
@Ducky McDuckface, Aeon says "And the best way to improve life is through technology." Aeon didn't say a specific kind of Technology, and you replied "Aeon Well that's up for debate." You didn't make any point, but you disputed Aeon's claim that "the best way to improve life is through technology." he didn't make any other claim. No one in this converstation was talking about a specific technology, until your latest comment, but your last comment simply disputes that technology is the best way to improve quality of life.
The language problem is definitely a big issue. The fact that any app or ssytem you develop in the USA / China can reach a huge chunk of the population speaking one language under one set of legal rules makes it much more simple. Altough, while I can't talk for every european country (since I mostly know mine), I know France do produce a lot of technology but it is, as you said, bought by super giant.
Almost everyone tech savvy speaks english even if their official language is different. So language is not that much of a problem now. I am studying a computer science at university, and all the materials are in english, books are in english, lectures are in english. All the work we do is in english.
+elukok I studied CS like you in Europe too. I can tell you that the language problem is still a massive issue, the reason we're taught in english is because most of what we're taught in CS classes are from the US. Although it's becoming less of an issue, it's still massive in comparison.
I don't see that as a problem. Moving towards a single "Common" language for the species would be overall a good. Not to say that the other languages are unnecessary, but having a single language that is spoken by 100% of the population is extremely useful, so I support a push for that any day of the week.
The US doesn't have the highest poverty rate... Also, 92% of Americans have health insurance and the rest can have medicare. It's not as accessible as in Europe, but you are exaggerating way to much.
@@sangwoohan1177 except even those who are insured don't get everything essential covered. The US still has the crappiest health system of the entire developed world.
I think it is a bit hard to compare one country (US or China) to a cluster of countries (Europe). While Europe tries to work as a single market, there are fundamental differences. As you pointed out, geography and demographics make it hard to take as a whole single unit than for example the states in the US. Thus I would say this is the main issue when trying to compare Europe as a single market to the US or China. While yes, you can have differences between different US states or China's provinces, countries are on a completely different level since they operate and have developed separately. One example of why things cannot be compared and are thus are too grossly simplified due to this is attitude. Estonia for example is a poster-child regarding positive attitude towards technology. From the everyday person up to the government - technology is used daily and developed (software mostly) on the governmental level to be used by the government itself and the citizens. And as many have pointed out, Europe in general is more towards B2B technology.
Geography is not a valid argument. Take south korea. It’s small and isolated from it’s major export markets and it still has more tech companies than europe does.
Country size is bullshit. Deserts, rocks and bushes wont buy smartphones, people do. Germany alone has 60% of USA's population size. Same with language. Count in the other german speaking countries like Austria, Switzerland, Netherlands and Belgium and all of a sudden you got more consumers with one single language than USA ever could.
Yatsura2 The US has 323 million people, how does Germany's 83 million population equal to 60% of the USA?! Even if you add up all does PARTLY German speaking countries, you'll only get ~128 Million people. Also to that point, if you include Canada (since they speak English almost exactly like Americans) with the US, Germany and those other countries COULD NEVER have more people.
I would add one more point. The average european is much less interested in running a company. Most of us prefer the stability of a paid job. The ones that do start a company, do so out of love for the subject and not out of a desire to build an empire. In contrast, an american is taught that the ultimate accomplishment is to start a business and grow it to infinity. Unsurprisingly, many americans give it a shot. And I would reject a point. Job safety isn't really holding legitimate businesses back. It is widely believed that in many industries, including tech, slightly longer holidays are a benefit to both sides. In creative professions, your productivity doesn't depend just on how many hours you spend on your desk. It's no coincidence that Silicon Valley companies are offering some of the best contracts you can hope for in the US, usually matching or exceeding what a european citizen would expect.
Thanks for the video. I have been asking myself the same question for quite some time. I work in the automotive industry where things seem to be a bit more optimistic. However, I feel that in any market where it is important to adapt quickly to new conditions Europe is falling behind. Lots of friends & relatives of mine, for instance, are quite busy blaming big companies for the injustice and inequality in the world instead of founding better companies.
We still have factories and offices for a lot of the brands you talked about. Also as a Belgian, 22 of our tech companies were rated in the top 50 fastest growing tech companies in 2016. The difference is we don't support monopolies like America does.
I cant remember anything important in the world that are belgian :( You live in environment when socialist greedy government destroy new businesses, they just cannot grow. And people cannot earn more too. Its just stagnation.
@@ПрикладнаЕкономіка Please tell, which companies could emerge and become big on established market in America? I mean there is google which is more than 20 years old company, Microsoft even older, Intel even older than that. Universal, Disney... don't even get me started on those. There is no way for something better to emerge on those markets and destroy those companies in a fair competition. That is not a free market. That is dystopian rule of supercorporations that (with their lawyers, lobbyists, corrupted schemes) become stronger than government, stronger than people.
@@ПрикладнаЕкономіка To make profit past a certain point. You do things like: form monopolies, move your manufacturing to low wage countries, lobby politicians to push laws to profit your bussines, evade taxes and so much more (preferably after you have reached a major market share) NOT, " contribute to society".... But, you believe what you want ;)
@@itchyshizle Companies provide jobs for economy. Companies are people too! Why you think small group of people from company X should provide all for other people for free? Other people work for money and dont provide free stuff for corporations! Moving manufacturing is right thing if they can, rich countries are rich because they do more complex and unique things then poor countries, and not because they do same simple cheap things! There is no reason to pay for same screw more if it is made by US. When worker stop producing less expensive thing he can produce more expensive thing! You dont raise cows by yourself right? Or grow wheat? Why you move it to other ppl? Because you time is free for more productive stuff for you. Get out left lies! Im not Harvard professor but I hope you get an idea from my 3rd tongue english =)
@@itchyshizle Fun bit being: Most of this stuff like monopolies, wage dumping and lobbying is illegal in most market economies outside the US. So go figure why Europe does not condones this kind of stuff when the capitalism 1x1 book tells you that that stuff is bad for capitalism and a side effect your government needs to regulate!
By narrowing down tech by consumer products only is a disservice to the tech industry. Because a lot of tech companies cater to business & enterprise solution. Nokia & Ericsson are still major players in the telecommunication world they just don't sell consumer products anymore because the profit margins in enterprise solution is much higher.
but, but, but if you see both market consumer products and enterprise solution, Nokia don't sell any smartphones now and Huawei is the number one in enterprise solution market.....and they sell smartphone still
My opinion is that, we mostly don't care. Creating a giant tech conglomerate is not something ppl in the European society thrive for. In Portugal ppl wanna work so they have money to enjoy their free time. Not revolution the market. And the people who are on social media more are generally not motivated to "change the world".
I think another factor is people's willingness to take a risk. Americans generally seem more willing to take risks and gamble with everything they have by creating a startup. Europeans seem more risk-averse. Like, failure and bankruptcy might be devastating to a German, but to an American it's not as big a deal. USA also has very lenient bankruptcy laws, your life won't be completely ruined just because your business fails.
Just because there isn't B2C (business to consumer) tech companies, it doesn't mean that there aren't B2B (business to business) tech companies. I live in the Netherlands. Look up ASML, NXP, TomTom. Both ASML and NXP were started by Philips. Philips mainly focuses on B2B now. Siemens the same. You have companies like Bosch. Spotify started in Sweden. SoundCloud is based in Berlin. Look up BrainPort in Eindhoven. It is the "Silicon Valley" of the Netherlands. Americans produce in China, Chinese produces their products in China, and basically European tech companies like Philips also either sold their tech departments to China or just moved to China. But I agree regulation slows things down. For example, Uber was receiving fines in the Netherlands, because what they were doing is considered "illegal" by law.
Its would be more appropiate to say: Europeans dont like to spend too much time with work/spend little more energy on it. Its a first hand experience, one of my few problem. I am an European too, but if something have to be done, then it have to be done! Like right at that moment, except, if there is nothing to do about it at that moment. If a problem occurs, it have to be solved, not just tossed to the next person (thats what mostly happen around me, i try to solve problems, even prepare to avoid them, but around me people just so fucking lazy.... At least as i feel it.).
I think he didn't explain it right. Most of Europeans (older generations) when hear about technology, they automaticaly think about robots who are going to steal their job, so the general consesus about technology is that it is an evil thing.
European here. Lived in the U.S. for a year and I was surprised by how people over there are early adopters and incorporate new technology in their life without questioning. In Europe, people tend to be a lot more skeptical.
Koen Kaalberg Exactly! And all phones sold today have an ARM chip. Europe might not be big when it comes to selling directly to consumers, but the real money lies in selling to other companies 💶
I work for a competing vendor and I was thinking the same thing. They own the litho market. So while you buy an apple, intel, amd, arm, qualcom chip, the manufacturers like AMAT KLA, ASM, ASML,WONIK,etc are not brand names but they are the responsible too...
In the Platforms space you missed a few crucial European ones: Ubuntu, by Canonical(UK) and openSuse/SLES by SUSE(Germany). 2/3 major Linux platforms are owned by EU companies.
I stumbled upon this video by RUclips suggestions. I am European (NL) and have been wondering about this for a loooong time. This is the first video that explains it on a broad basis and does so very well. I thank you for that and will share this video wherever I can! (And subscribed of course!)
Regulations and high taxes are the main problem. I've worked with many European engineers who had immigrated to the US and that is what they say about Europe's problem.
Another excellent video. I think you hit the main points. I would add the USA for all of our issues, still is a very entrepreneurial minded country. We are still a country of risk takers and optimists, and we attract risk takers and optimists from all around the world.
This is something I can click like to without debate. China are the juggernaut the US has tried to fight against for too long. They they used China for its manufacturing capabilities and now China, with it current spending power, is about to leave the US economy behind in a few years and it's predicted growth is massive and the US will still be swamped with debts whilst China makes profits.
A country isn't a company. It is expected to have debts, because those debts are seen as investments in the future. "Profits" are seen as a waste of money. A country is not a consumer, so what you consider as "bad", doesn't have to be bad. You use debt to consume, a country uses debt to invest. And it is expected that these investments will make money in the future. However, your consumption is expected to lose money in the future. Don't confuse companies and countries. To a certain degree it is normal that a country has debt. Yes, even China has debts. Look up China's debt to GDP ratio if you don't believe me.
China has more debt than the US mate... what's worse, both countries are wasting borrowed money on stupid stuff; ghost cities and roads that lead to nowhere in China and bombs to blow up brown people in the US.
Never heard of SAP, MP3, Airbus? All of it is German, Airbus mostly German-French. And what washing machine and dishwasher do you have? What car? What electronics inside the car? What machines are building the cars? WHat machines are building the machines that build the cars? Your are only looking on the small sector of consumer electronics, there is so much more than this.
what washing machine and dishwasher do you have? (American)...What car? (Japanese).... What electronics inside the car? (Japanese/American)... What machines are building the cars? (Chinese)... WHat machines are building the machines that build the cars? (Chinese)
LMAO, China has not surpassed the USA in gdp, and India has like 10% the gdp of the US 😂. They don't teach you economics in Europe, do they? The fact that you compare European gdp to the US is hilarious.... the USA is one country, and Europe is 50+ countries LOL... 😂😂😂
@@Just_another_Euro_dude videogame industry is highly owned by American companies, to name a few, Electronic Arts(fifa and many others), Activision and Blizzard(call of duty), Nintendo(best selling game company of all time), Microsoft studios, sony interactive entertainment, just to name a few. Aa for cars,i don't know where Europeans get the illusion of EU monopoly on autos but most of the biggest and highest grossing auto companies are American general motors, ford, fiat, tesla just to name a few and other major ones like toyota are in Japan and china, the only big auto compony in Europe in Volkswagen, and Renault from France.now i think we can both agree that USA dominates the software industry, USA alone probably produces more software than the entire world combined.let's not get into military and weaponry, we both know USA can defeat the whole EU alone. As for gdp per capita, USA is ahead by a lot(57,000dollars in U.S. vs 37, 000 in EU). U.S. is also 3rd in food production and exportation, only behind china and india, even though on 1.7% of U.S. population are farmers, shows the effiency of U.S. technologies.oh and U.S. dominates space research with almost 600 satellites in orbit around earth, planet rovers, and NASA, the best space organisation in the world by a long mile, so yeah while the U.S. doesn't have the so called fast trains, we lead in everything else and U.S. could just as easily build 20 fast trains but they don't because Americans would rather drive their cars, oh also please don't compare operating systems when Microsoft, android, and Apple's iOS are located in U.S., and there's a reason this galileo global system thingy is unknown and everybody uses the GPS, and i would like to see the game beat fortnite, what is it's name by the way?
I think you've overlooked tech manufacturing: ASML. They are the market leader in chip waver manufaqturing machines and are a european company. All the chip giants use their machines and they haven't got much competitors. Also the Eindhoven/Veldhoven area in the netherlands where Philips originated and where ASML is located can be considered a kind of tech valley.
And all of those machines that ASML is producing are going where? To Thailaind, US, China..to build chips that are again sold back to Europeans with huge margins. Mac Pro Tower costs 6k euros, how much of that do you think keeps Apple and how much ASML?
Maybe its more to do with specialisation? Even a continent as vast and diverse as Europe can't produce everything. Whilst European companies might not dominate in the smartphone or software industry, they have plenty of other areas they do as well or better than the US in. Boeing and Airbus are fairly equally matched. In electronics, Bosch and Siemens are very powerful. In cars, Volkswagen, Renault, Citroen, and numerous others lead the field. The first lesson any economics student will learn is that resources are scarce and not everything can be achieved at the same time and there's no shame in that.
Rockstar Games ? Rockstar, is a British company which is currently its headquarters located in NYC. Before that there was a first Rockstar company which is called as a DMA Design and it is first founded in Scotland in 1984. So, Grand Theft Auto franchise is created by British people.
I don't know in the rest of Europe, but here in Spain, there's a City called Barcelona where almost all local the tech startups where created. For example: Wallapop; Glovo.
I think the premise is flawed. I'm a musician. My interface is German(RME), my keyboard and pad controller- German (Native instruments) my main software- Belgian, my preamps and converters -British (Focusrite) Sync Distribution amp -German ( Rosendahl) my hardware effects -Danish ( TC Helicon and TC Electronic) and British/Spanish ( Syntifex /Focusrite) Monitors are British as well(Tannoy) and a smattering of European made EQ's and compressors. The list goes on and on... All in all I'd say 50 percent of the hardware i use is EUR 30 percent US and Canada and about 20 percent Asian, around 60 percent of the software I use is European as well. So to reiterate, in my case Eurotech is FLOURISHING.
Philips is still a big company in healthcare. ASML produces machines for chips all over the world. Vanderlande is a world leader in automated sorting systems. Tree companies near Eindhoven alone that nobody knows but "rule" the world. The USA might have the front end, however the backend is still very much European.
If the regulation is to protect the customer against using its data with no consent, or to give some stability to the workers then I'm in favour of them.
ouicertes that attitude is EXACTLY why China fell behind in the 18th century. The Qing emperor declared that there was no need for advancing technology; China had everything she needed and society was happy. Well guess what happened in the next 200 years?
@Dex4Sure I prefer having an inscurance and workers' protection than having a famous brand in the country. In Germany there a lot of companies. For example Volkswagen, Siemens and there is a huge chemical industry with Bayer and BASF
@Dex4Sure Well my father's aunt just had 2 operations to save her life and will have a third one soon. She doesn't have to pay a penny for them officially. In the US she would have been slapped with medical bills and they would have taken away all her savings for them. But I guess I live in a shithole socialist country. I had this free education, and don't want to burst your bubble, but the US teachers (especially in higher education) are more biased, then mine were back then 10 years ago. They didn't talk about current political stuff (only on a commentary level), because if they get reported by the students for promoting political parties, then they could loose their license after a few offenses.
I dont think we really miss out when we don't have to deal with companies like Google and Facebook. I'd rather have a society where people have rights. Europeans are proven to be happier after all. And yes, Europe has a lot more tech sceptics. Sometimes they're stopping technological advancement, though sometimes thinking about the ethics first is extremely important.
"Ethics", i.e. letting a bunch of leftist morons like Greenpeace ban nuclear energy and GMO and use biomass (literally firewood, like in the fucking middle ages) instead
Europe has mostly advanced, high-end "tech" or scientific companies... low-end tech has been outsourced to the developing world, N.A. may be home to the headquarters, but the production is done in Asia
A U Haha, what? You do realise European automobile industries are being bought out by Asia. Just look at UK for example, all of their major automobile companies are gone. Same will happen to Germany.
We make the highest quality tires but cars them selves are all moving to EVs now and though we developed things like the leaf early on Tesla is likely to continue leading that market in future if not more so.
William Stewart Olsen UK also used to be a leader in automobiles (land rover, jaguar, mini cooper, vauxhall etc.) now look at them. Same will happen to Germany whether you like it or not.
Here is the poll I promised: twitter.com/TechAltar/status/937639966074687488
great vid mate
Glad you liked it!
TechAltar plz do a analysis of India technology ecosystem too, for example high-speed internet with very cheap rates that have been brought up by JIO,huge investment by Xiaomi, Samsung and obviously by Google and the recent push of 5 billion dollar by Amazon.Even for One plus India is a very huge and important market as as shown by there huge sales.Also Indian tech companies like Flipkart which is fighting Amazon,Ola which is fighting Uber. And so many tech cities like Bangalore, Hyderabad, Chennai etc. What is your opinion in this whole big mess of investment and competition between American, Chinese and Indian companies??
Look at Allview
Why did you forget about Russia? It has a lot of successful Russian companies. They are not global, but they dominate Russian market. Chinese software is also only popular in China, but you mentioned it. There are some globally successful too, like Kaspersky.
One more thing Siemens, Ericsson, Nokia NSN, Alcatel etc. Are doing well, but its is not in consumer electronics, but backbone for mobile operator, medical equipment, aviation, military, PLC systems etc. Europe shifted its business orientation towards building solutions and services for companies instead of end users
Kamil Lenica others I don't know, but Ericsson is now surviving at patents. You could use some some fact check instead of "feel-like" statements
yes rnd is a fair way to control a market
As far I know, backbone for mobile operators is Huawei in Czech Republic for quite a long time (before brand was well known for making phones).
those companies can be replaced easily but you can't replace companies like google and microsoft. companies like nokia and ericsson are living off of past glory, their patents are getting old and they're not producing new ones like they used to. nokia at one point had more marketshare than samsung and apple combined.
Yup, whole industry automation sits on European products and solutions. Consumer products are only the very end of technology, let's not forget about that. All those consumer products are made on machines with Siemens, Festo, Rexroth, Schneider, IGUS, KUKA, ABB components. The only competition may be from Japanese companies mainly in robotics.
Also, Americans seem to have a more consumerist culture. I'm working at a tech start-up in Berlin and yet our focus is the US market as we're making most of our money there
@Tactical Exosuit *debt
It's true, credit card debt in the US & Canada is through the roof. And if you don't have that, you probably have student loan debt.
Even I've never owned a credit card in my life and I've still been paying college debt for years.
Consumerism is like retirement. The next stage is death. Once a nation loses its ability to produce, stick a fork in it.
The Dollar Guy I've seen you around on other videos, you're one of my favorite commenters 👍
Thanks Dr Megaman. I remember you as well. Google is wanting to employ the same trust counter mechanism they have in China here in the USA. Alex Jones exposed this, so they canned his ass and blamed some school shooting crap that passed years ago. Apple now admits they have this counter, but use it only for internal purposes. Yeah..... I bet. The trust counter determines if you are a "good citizen" by analyzing websites visited, email data and purchases made. If your counter is too high, then officials will arrive to assist you in exhibiting proper behavior. Biggest brother nightmare situation developing right before our eyes. China is poised to be the new world superpower and the Silicon Valley Socialist Sellouts are all on board. You cannot buy or sell without the Mark of the Beast.
I love how everyone doesn't seem know the difference between consumer tech and industry tech.
No, the EU is not doomed, still making long lasting tech for enterprises all over the world... You get your phone from china, sure, but the machine that helped build that phone didn't come from china.
Do you not know the difference between the eu an Europe? fucking idiot
europe IS doomed. right now it has the know how. that's literally the only thing europe has. if asia catches up europe will be insignificant. europe was way too wealthy in the last few decades by profiting from underdeveloped countries and it still does it. it will all fall apart in the next few decades.
@shurednichso South Korea is not socialist at all and China have left the commie Socialist club at the beginning of 1990s. China just have an authoritarian government but nearly all means of production in Korea and most of it in China belongs to people/ businesses and not the government.
@@nicktaylor5264 How is capitalism is fucked when you are using its products and services to bash it?🤣 Do you even know the difference between "free market" and Capitalism. The latter just means that the means of production is left to people. If you have a land or oven , these are means of production (cuz you can make grain and bread). If government leave it to people and those who pgain from making these products can keep the proceeds. Then that is capitalism.
Free market is a bit confused. Its place where people can but and sell the products and services they produced. We have regulated markets but not free from safety regulations. However it's understood today that it links to capitalism by letting people produce what they market wants, at the quantity the market needs and the prices it can bear.
Now the commentator you were responding to is a nuts. He should explain and not insult. Thanks for reading.
# @Heather Larson:
Well, if China gets ahead in technology, Europe can at least become a tourist location for chinese tourists interested in ancient temples or medieval castles. The US however will not have that option, as there are hardly any buildings older than 150 years. Just saying...
The Opera browser is made by a Norwegian company. It was acquired by a Chinese company, but they still have headquarters in Norway.
Because Europe is too busy with heavy industry tech instead of consumer tech. Industrial and engineering(Siemens, Bosh, ABB, Schneider Electric) Automotive (Daimler, VAG, Exor), Chemical (BASF), Aerospace (Airbus), Defence (BAE). Information/consumer technology is not the only technology.
You mean Germany not Europe
ABB, Schneider, Exor, BAE aren't German companies, Airbus is only partially German.
So what? America has plenty of industrial and engineering firms (General Electric, AECOM, Catepillar) Automotive (Tesla, GM, Ford), Chemical (DowDuPont), Aerospace (Boeing), Defense (Lockheed Martin, Northrup Grumman, Raytheon, General Dynamics)
oditeomnes Don't forget about Electrolux. Oh and 40% of all mobile traffic runs through a Ericsson network.
+Magnus Friberg Electrolux is ranked third behind American appliance manufacturer Whirlpool and Chinese company Haier. American Cisco Systems is the largest networking company in the world.
I've been living in Italy for the last 6 years as a freelance English Coach. Taxes here are no joke. Looking to leave soon unfortunately. It's better to be an employee here compared to being self-employed or a small business. It is sad to see.
You are as dumb as language teachers are 😂😂
You teach English... Ummm
Either my English is bad or yours
Seriously, Taxes and Government regulations are irritating. You are not allowed to experiment with many new Ideas for the European market. You have millions of regulations and dumb taxes that doesn't make sense.
@@pearlharbor7989 9
The only way by which you can effectively redistribute wealth, is by destroying the incentives to have wealth. and if there is no incentive to have wealth, say goodbye to innovation, productivity, progress and welcome to Dark Ages 2.0.
This video and the analysis you've made were great. I'm Italian and we have ZERO general tech companies here. The only tech companies here are the ones that belongs to the application layer. They develop basic website, blogs, mobile apps and they're quite similar between each other. They struggle to spread their services across the entire country and they grow or die in the same city they started.
Mama mia
FIAT-FCA? ST Microelectronics? ENEL (One of the biggest energy companies in the world...)? ENI? Piaggio (who builds engines and parts for aviation and space...) not to speak about many many others... The problem in Italy is that the money ends up in accounts in Lichtenstein, Belize and so on... Maybe if we avoid electing Berlusconi next time we still have some hope for a better future
@@ingframin ST Microelectronics headquarter is in Switzerland and Amsterdam.
I remember 10 Years ago, when we still had a Grundig CRT TV
Same
Irony is that Europe have unlimited Internet connection to end users, no data caps.
this is it lies, you have traffic shaping..
Lol ur profile picture is cancer
+this is it Benefit of having the top three ranked internet exchange points on Earth so much for having no infrastructure I guess huh? en.wikipedia.org/wiki/List_of_Internet_exchange_points_by_size the European tendency to open internet exchanges which draw huge numbers of providers together proved to be a better strategy by far than the carrier owned exchange points in the US.
dar0 thoes are nvidia titen xp star wars edition
In Romania we have 4g internet speed in almost every city...
The dedication of this man towards his analysis is incredible
Wow you are Hungarian! I wouldn't tell your pronunciation is great. Greetings from Slovak brother :3
Greetings from Romania my EU brothers
Greatings from czech republic my eu brothers :)
Greetings from England my E...arth brothers ?
Summary: In Europe the laws are pro-consumer. In USA/China it's pro-company. All the other reasons he came up is derived from that. E.g. there is no Silicon Valley/Shenzhen equivalent area in Europe. Successful European companies are bought by non-European companies.
And this is mirrored in the population's happiness. Due to Europe being pro-consumer, representing the interest of the population, etc. the population are much happier than USA/China at the expense of tech **companies** going elsewhere since there are less regulation that are anti-consumer or harm the environment. Furthermore they pay less tax so they are contributing less to society (infrastructure, etc cost money). This is exactly why companies are successful in China and USA but have worse quality of life.
At the end of the day what is more important. Money or quality of life? You can buy quality of life with money but that makes only you happy. This furthers the gap between the extreme poor and the extreme rich - which is again something you see more in USA and China than in Europe.
If you just talk about consumer product suppliers yes. But for actually industry Europe is a very attractive, company friendly and successful place.
the fuck are you talking about europe has the highest rate of anti-depressant usage and suicide.
@@deprogramm no?
@@deprogramm when you would do research, you would know that the most depressed people life in the USA, China and India
Here if you wanna know why www.usnews.com/news/best-countries/articles/2018-07-02/why-are-suicide-rates-rising-in-the-us-while-falling-in-most-of-europe
How do you know the population is happier in Europe? I think you've been swallowing a bunch of propaganda. Nobody has ever asked people 'how happy are you?' and compared them between Europe and America. I've seen 'happiness index' and its full of bias and assumptions to say the least. North Koreans who defect to South Korea say that people in North Korea are very happy. They are worked like dogs and told lies and propaganda but that doesn't stop them from being happy. So to say that people in Europe are happier is an all around nonsensical statement.
You should post more often. Your content is the best available
So thrue.
Priyavrat Gupta yeah!😍😍😍😍😉
He cherry picks the topics that he works on. And he spends quality time in research. So this pace is fine.
Christopher Fernandes Agree.
Its more valuable this way.
I didn't know Alcatel is a French brand. Always thought it was some Chinese brand.
It was originally a French brand that had 2 businesses: phones and network equipment. The smartphone brand was sold to TCL, a Chinese company, and the network equipment business was sold to Nokia.
Thank you very much for the reply!! I think you're the first RUclipsr to reply to my comment (not that I comment that much anyway). Keep doing your videos. I love it!
I have a alcatel pad and its quite good,
Alcatel makes some of the worst phones i have ever used.
lmao truth .... alcatel is selling rebranded chinese sht
5 of those 9 tech startups, was founded in sweden. thats interesting
Also, out of europe's 10 fastest growing companies, 5 are swedish. I think Europes the technical edge is located in Sweden. After all, it might at least be a good place too look for ideas.
Yeah, as was the case for Soundcloud
Minato1337 swedes work lika a machine very hard working
What's the point?
Skype was founded by a Swed atleast:).
Your analysis is valid for Japan as well.
Logitech is Swiss. They have a good market share in computer peripherals. There are also pro-sumer and industrial brands like Hasselblad, Leica, Broncolor, CEDES, ST Microelectronics.
I love my Logitech thumb-driven trackball. I've used one since they first made them back in the 90's. The only reason to replace them (Other than theft or massive damage) is because technology on connectivity leaves them behind (like, no PS2 connectors available anymore). They are durable and perform better than any mouse.
Heimrich Gundesalf I'd love my trackball even more if the clickers didn't stick. :/
Logitech product are made in China tho, even i doubt their R&D team in europe.
Most tech is made in China, the same city even. All major companies produce their devices in Asia.
The video mentioned that Europe is good in speciality. Logitech and the likes are specialized in a specific area.
At least we finally have an awesome European tech reviewer on RUclips.
Your videos are always interesting and well crafted. Thank you for your work
That's true. Also the fact, that he is hungarian makes me even more happy (I'm hungarian too).
Így így...
The european audio manafacturers absolutely dominate in terms of sound quality
Uzer Naim the same for cameras.
i own quite a pricey sennheiser headphone and damn its good..
off topic comment: cars are dominated by Germany (im not german)
Domi 430 in the car sector we have a lot of giants.
I really like sennheizer products
Uzer Naim Yep, Europeans make best audio systems in the world
Sennheiser, B&O, Burmester, B&W and many more
SAP is a big European company, first in business software, with over $ 25 bn. revenues.
Sap products really suck from an end user prospective
(some) of their software is garbage
sap are u kidding me XD they fing struggle right now cause there is freeway competition right now
It's said when a company survives implementing SAP, it survives everything.
SAP is done by Indian consultancies like wipro or tcs
I think there is an additional reason why tech companies are not coming from Europe. I don't think any new big startup will come from Europe. This is because of the exact same thing that you talked about at the end of the video: Life is great in Europe. China is producing new and better companies because it has tons of problems. People with entrepreneurial spirit try to solve those problems and in the process, they make money. And then after that, they realise that similar problems exist everywhere else so they just expand to those places and in turn creating huge companies.
If your life is good and there aren't many big problems around you, why would you bother with anything?
You can see this happening more clearly when it comes Electric Vehicles. China has made huge strides in this field. This is because of the simple fact that they huge pollution problems and government is trying hard to solve those problem. EVs are an obvious solution to that problem and hence are diverting all their resources towards them.
NOte: You also need all the stuff he talked about in the video to produce a great startup oppurinites.
shwetank verma One point contradict the electric car. Norway has the highest number of Tesla car in the world. With free electric charging provided by the goverment.
Except that Tesla is an American company using batteries made in China (not anymore though). I am pretty sure that the charging technology is not Norweign. I am not talking about adoption of products but the companies who make them.
shwetank verma Maybe the Norway take the safe route. Why invest in high risky company that may or may not deliver the product vs already exist electric car company such as Tesla. I think Tesla bsttery bank is not from China. It is from South America. I dont quite remember which country. But ESA satelite did overview picture before the lithium mining facility.
Nick John, Government is giving tax credits, cheaper, easy to charge and less dependence on oil. You answered your own question.
Nick John, Now from Giga factory, US. Was from Samsung /LG, South Korea.
You should really call this video "how Europe lost its consumer tech companies"... If you have a look at industrial tech there are so many companies in Europe with world leading technology.
@ZEPHER070 He talked about INDUSTRIAL tech and your mind is still focused on shit individuals buy. Are you sure you're not the one who's affected by incest? God I envy the unearned confidence of morons like you. Absolutely brain dead yet so sure of yourself.
You know in the Netherlands the heavy machineries they use to produce large cargo ships are designed and produced by Chinese SOEs...
it's true that there is a tech deficit in europe but for example in business software SAP, a german company, has the biggest marketshare in enterprise software distribution and is a global player. "As of 2016, SAP is the world's third largest software and programming company" [quote: wikipedia SAP SE]
Yellow Gaming exactly.
Do not underestimate the fact that we in Europe don't love our engineers like they do in the USA or Azia.
For example the engineers from MIT are more known then the engineers from TU Delft.
The aproach to tech is also different we want good reliable stuff and want to pay for it.
Therefore the customer protections laws are enhanced.
Televisions, cars, computers, furniture our houses are beter build an much more expensive then in other parts of the world.
I have a topic for a new episode for "Calm Before The Storm" and it is the blockchain technology(The technology used in most cryptocurrencies, but can be also used in security or surveillance systems). I would like to see if the technology will proceed to grow or be forgotten in a couple of years.
POINTLESS GUY both equally likely,if they become highly regulated they might lose significance
Does anyone from Google still care about youtube or is an autistic dog doing design for youtube now? I know that, but I want to know how the technology behind cryptocurrencies(the blockchain technology) will mature.
GTA was originally a Scottish game and even after it's acquisition by Rockstar inc. GTA V was developed completely by Rockstar North, a subdivision of Rockstar, who's headquarters are in Edinburgh. So GTA V was developed completely in Scotland
There used to be a golden age of british gaming developers.
+++Mafia 2k Czech, Romanian Silent Hunter series, most Ubisoft's talent is from Romania, Garry's mod, dota, cdprojektred
A lot of tec companies in europe are invisible. Not in the end user segment.
another thing, plenty of European programmers leave Europe for North-America. It is a brain drain...
I only partially agree with you. There are indeed almost no big consumer level tech companies left in europe. And the explanation you gave seems fine. But I don't see the term "tech" limited to smartphone, computer etc.. Hardware is mainly built in china while most of our daily driver software is from the U.S. .But all of these consumer products wouldn't be anything without some european companies. I'm from Germany, as you probably know, the car industry is pretty strong here. There are dozenz of suppliers for big car manufacturers (BMW, Audi, Ford) developing technolgies to make cars work and improve their overall quality. BOSCH for example isn't only one of the biggest sensor suppliers for cars, they also build the majority of the sensors used in our smartphones. I guess you know how a smartphone without sensors would look like.
Another example is Siemens. You said there are no "universal" tech companies. Siemens are building like everything reaching from medical technologies to transportation systems and power plants. And these arent small companies. Siemens for example empoys over 350k people and makes over 83. billion EUR in sales.
So I think saying there are no tech companies left in europe is a matter of perspective. If you define "tech" as a term limited to smartphones and computer technolgy your pretty much right, but I personally think there is much more things to technology than just smartphones
He said in the video that he was generalizing. Also I don't think Germany serves as a good example for Europe because Germany clearly has better workers with better work ethic and any country in Europe. You have to understand that "Europe" includes France where they want tons of vacation time and tax the crap out of you. Europes "growth" years are behind them.
Joseph Harris Germany has strong Unions, 4 week holidays are common and Germany has according to some mesures the highest tax burden in the world
germany is a bit oustanding of all the european countries and you have to suggest that if you speak about europe. without germany's quality-work in machine-engeneering, a lot of companies in china or the usa wouldn't be where they are now. a missing logo of a german company doesn't mean there is no german work in it.
Yeah its true that the countries in the EU are really different. But I chose to use Germany as an example since I'm living in germany so I know more about the situation here.
MoVo1999 But how does that relate to the fact that Europe doesn't have any big Tech companies left? All you see are either US products or products from some Asian country. True, France Germany Sweden still have some "Mechanical Techs" left behind, but how about other stuff like AI and robotics? it's all offshored to US or Japanese companies..
You hit the nail on the head when you mentioned the ability to "hire and fire" easily. This one feel-good regulation has so many bad unseen effects on a large economy. Imagine you're a startup and you made a mistake by hiring the wrong employee in France, you're basically screwed, and other companies who see this will start hiring less because of the heavy consequences that come with it
Tarek Midani it depends on the country. It's pretty easy to fire someone in the nordics or in the UK
yeah but it sucks for the people, do u want to get fired instandly? this law is the reason why there is so little poverty in germany in comparison to chins and usa
Regarding End-User Apps: Ubisoft is French, Codemasters is British, THQ Nordic is Austrian and then there are still the smaller Funcom, Techland, Crytek and many more. So regarding video games and sales numbers, european developers and publishers still matter a lot. Regarding hardware, Siemens and Bosch are still producing a lot of household tech.
T0ghar I rather buy games from Ubisoft than EA OR Activision. That's for sure.
Havok (the physics engine most games use) is also from Europe (Ireland)
Siemens just moved away from mobiles.. into way larger industries... I don't get why ignorant people talk about topics they don't know... mobile phones were like a pet project to siemens. Or do average people think telecommunications only means mobile phones? Rofl... i give up on humanity...
Yes, and industry power is one of their highlights - as far as I know(not from personal experience) on the main building of Siemens there is a sign that goes like "The safety if your entire system is only as reliable as your power supply" xD As far as I've seen there hasn't bin a better company than Siemens(and even they screw up from time to time ^_^ )
Also CCP( EVE Online) Iceland , regarding games
Szia, my Hungarian cousin! My name is Claude. I am a Romanian English teacher. This is the first video I see from you. I'm hooked.
If you could, please, add your script in the description. Aside from watching your videos for myself, I would also like to use them as material for my English classes.
Big fist bump if you could. Big fist bump either way for this cool video.
ARM Limited, powering most of your mobile tech sits in the UK. AMD's development sits in Germany. The app driven economy is not tech, it is entertainment, at best. It provides little to no jobs or real economic value. When building anything in the world you fall back to european tech. The real reason why you do not see european products, is the cheap labour and lax tax laws in Korea and China.
Adam Pick that sounds neat and all. But Europe is quickly becoming economically mute. So keep dreaming bud. Europeans are the Masters of sleep walking into dark ages. 😂
ARM licenses their CPU core, this is a tiny bit of the money made with mobile devices in the world.
AMD cashed in some susidies from Germany, buying incompetitive former socialist companies, this is all gone now, what is left can be called insignificant.
Concerning industrial products Europe also has lost first to Japan, then Korea and now Taiwan/China.
The worlds biggest semiconductor foundries are in Taiwan.
There is still some industrial products supply in Europe, but overall in decline too while more in Asia/and somewhat in US it is expanding.
Now with the fresh influx of Muslims and the since many generations established Muslims in all of Europe, the dying out and emigration of the former top-achievers, this will acellerate.
ARM does not just licence: ruclips.net/video/Jyp6jFCzW44/видео.html
There are only two countries to by from if you are serious about production, Germany and Japan are the only ones competing in the plant engineering world, the rest are building machines those two were making twenty years ago. Like making cars with technology from twenty years ago for India, there is a huge market for it, but you cannot call it a technology base.
As for the muslim bashing, most EU countries have less then 5% muslims, still. Many do not even break 1%. Many of which are good factory workers and keep the economy rolling. As for emigration, well the Brexit already causes many talented young people to immigrate into the EU, not out of it. As does russian agression and Trump as president.
I cannot find any AMD operations in Europe besides sales and marketing. Please enlighten me.
ARM Limited should definitely be considered as an European tech giant. But this video obviously put more emphasis on the software and IT services instead of hardware. I think that's why the video maker forgot to mention the company.
By the way, ARM Limited was already sold to Softbank group, which is a Japanese company.
German Cherry switches are pretty dominant in the keyboard market.
that will save the economy
"that will save the economy"
Huh, TIL, the economy is in dire situations...
Excuse me but an extremely big percentage of keyboards are membrane.
Not just Cherry
Bosch
Sennheisser
beQuiet!
Metabo
Adidas
Puma
And thats only Germany...
Maybe not in Technology but in other things we are superior...
Europe has the best fashion tho
All phones sold today have an ARM chip inside them, so they should really count here. ABB, Siemens, Bosch and the likes are also giant tech companies, not just consumer-focused. But keep in mind that it is often far more profitable to be a business that sells to other businesses, rather than directly to consumers. There's a huge amount of money in the European tech industry, but you have to dig for a while to find those companies, they're almost hiding from us consumers.
ARM was sold to Softbank last year, so while it's still based in Britain, expect asset stripping.
And now it’s going to be sold to American Nvidia
Your right when it comes to the consumer electronics side of things. But there are many Branches where Europe has a few very big fish. You get companies like Bosch, Airbus, Siemens and of course the big automotive companies and every major contractor of them. On the other side you have major pharma companies like Bayer or Novartis or huge chemical companies like BASF or Henkel.
The automotives are falling behind on EVs still. Airbus is at their best tho.
Hardware from Europe:
- Cameras: Hasselblad, Leica, Zeiss
- Audio: Bang and Olufsen, Bowers&Wilkins, Senheiser, Dali and many more
- Other: Nokia, Philips
Software :
- Browsers: Opera
- Music: Spotify, Deezer, Soundcloud, Shazam
- Games: many, many companies
- Other: AVG, Kaspersky
So there are some left. Mostly in premium sector though. Feel free to add something to my list
Vriheddd car manufacturers
Avast, Ubisoft?
Vriheddd SAP... afaik third largest software company (not for consumers though)
European car manufactureres just wreck US ones and probably Asian ones as well. They have a much higher reputation as well. Tech is developing on that side of things, its being implemented more and more tech into transportation everyday.
You missed OVH which is a serious competitor in the cloud computing industry (no. 1 in Europe but it is lately getting into the US market too).
They're still small but on the other hand, expanding rapidly since they are not paying their shareholders. But the real reason why this company might become a giant is that its founder will likely never sell.
There is also ASML, which is home grown in Europe and dominates the global lithography market >67%. (Machines to make among others, processors.)
I was just going to comment that!
I totally agree with you. Even tho it's getting more on Canada's market to be honest (if we also look at their child-companies, such as SoYouStart and KimSurfi). And tbh, when I will need an extra VPS I will rent it right there, not on some Amazon or anything like that, because I feel more secure with their infrastructure. And i don't really know what Amazon would do to my service if I would get a 12GB DDoS attack when having on their network :P I mean... They would probably just block the IP for some time.
Well, the market for hardware and services for end consumers is just too saturated and giants like Philips or Siemens couldn't keep their way of doing things, like manufacturing in Europe.
But if you look outside the consumer bubble, well there are still huge European companies behind the scenes.
Go to any hospital, and you'll see mostly devices from Siemens or Philips.
Traveling in a modern high-speed train? Chances are that's it's European made.
Ask your provider what company build and support their infrastructure, and you might see Ericsson or Nokia networks (old Nokia-Siemens and Alcatel-Lucent ).
Absolutely true! I looked into the consumer bubble precisely because that's where I see the deficit
In my country Nokia haven't made any big deal in years, not to speak of Ericsson. Most new network infrastructure if from Huawei, some from ZTE...
MikroTik is quite popular, at least in Russia.
Lorenzo Blasco If we look in to CPUs and chips we have ASML also, the Dutch company that manufacturer the machines that makes Intel, Samsung and Qualcomm chips, so a bit of Dutch engineering is inside almost every phone and computer.
And we can go completely outside IT and still have European technology all over the world, German cars or another Dutch example, is how the most challenging tunnels, under and on water projects from Dubai to Korea, are designed, made and coordinated by Dutch companies.
Nokia recently acquired Alcatel and Ericsson is in big troubles right now. Huawei is just taking the network industry over with blatant patent copying and government subsidised manufacturing. Also it's impossible to any foreign company to penetrate the Chinese market, which is one of the fastest growing ones.
This makes me cry in 2023
What about Avast and AVG? Both are Czech and have a big portion of the antivirus market.
Small companies like that don’t matter all that much. The biggest tech corporations in Europe can’t even compare with the biggest non-European ones. Neither AVG nor Avast bring in much revenue. They don’t even break a billion. Europe has plenty of companies like that, but they need a Facebook or an Apple. One company that’s worth more than each and every European tech company combined.
well at least in consumer focus tech yep, but behind the scenes there are some big players.
Avira and Kaspersky are also European. Looks like we Europeans take viruses really seriously.
SAP? $25B annual revenue?
When you mention Chinese tech companies, don't forget Korean (Samsung, LG) and Japanese (Panasonic, Toshiba) tech companies too..
And Taiwan HTC, TSMC.
Not mentioning the Americans...
xealit Taiwan is a part of China,remember that.
taiwan is taiwan, what's wrong with you chinese people
Sch Ng You should remember the official name of Taiwan is Republic of China. You can say Taiwan is not part of PRC (I'm definately not a supporter for the communist party), but Taiwan is for sure part of China. By the way, are you Taiwanese?
Taiwan the name for the Island given by the Chinese Communist Party because it believe its Taiwan as in the Province of Taiwan. Calling it Taiwan's official name: "Republic of China" means there are two Chinas (Republic of China and People's Republic of China) and undermines the legitimacy of the its very rule which is why the CCP is trying to insist Tsai insist on the "One China Policy." Besides ROC is probably more Chinese than the PRC b/c its ethnically 95% Han Chinese while the PRC is only about 90% Han Chinese and it uses Traditional Chinese and Mandarin Chinese as part of its official language. Americans use "Taiwan" because Americans are stupid and suck at geography since most think Taiwanese people are from Thailand and despite coming from Taiwanese parents didn't even know Korean or Thais people exists as a separate ethnicity instead of being "Asian" until I was well into my teens. You can change your nationality but you can't change your blood and ancestry, that's why despite global reference of the Koreas as N. Korea or S. Korea when its Republic of Korea and Democratic People's Republic of Korea but they're still both Korean. If you believe Taiwan is a separate nation then "Taiwanese" is a nationality not an ethnicity (unless you are that less than 5% aboriginal native) and also why despite coming from parents (one from Taipei and other Kaohsiung) I'm not "Taiwanese" I'm ABC because while being ethnically Chinese I have no citizenship recognized in Taipei but instead in Washington D.C..
No innovations in Europe since last 50 years because of Over-tax policy, no any rewards for those who aim high and for entrepreneurs. No wonder Europe is lacking behind and keep falling and falling!
In China you have to work hard because there are many people around you and they can take your job if you relax for a bit. Also, chineses usually don't care about labor laws, and people there easily accept these rules.
In USA you have to work hard because there are too many high trained people especially foreigners who came there by Green Card program. Also, imho the USA's labor legislation is better for companies, but european is better for employees.
You don't have to work really hard in Europe because, as we have seen in the video, there is "less income inequality". There is good actually, but as for competitiveness and challenging it is bad point
Yes, if by "harder" you mean longer hours. Americans spend more time in work, but don't do more actual work in that time.
Of course in Europe there is less income inequality!
For example in Portugal, we're all equally poor.
Your videos are incredible. I haven't seen someone go so much in depth when discussing a topic. Your videos are well researched, and well produced.. Really loving the channel
There's FAR FAR FAR more then just consumer home electronics that qualify as tech. There are A lot of tech companies in the EU just not the ones you want. How about you talk about Areospace, Space, and Energy. you omitted A LOT of so called "tech" and by the way Tech stands for Technology that could be anything that is cutting edge.
Yes, i support your comment. Europe companies do not need to be humongous and parade on global parlours to be succesfull, fullfilled and rich enough.
Germany castrated its own potential by banning nuclear power, and Arianespace is really not looking too healthy due to competition from SpaceX
how is spacex a competition? both companies do not seek to make profits.
This. As a engineer who is moving to Europe. There is just so much industrial technology being developed in Europe. Just take a look on some anecdotal examples in germany like Kuka robots in automation or rohde & schwarz in electronic instrumentation. Or take a look at the export map of countries like germany, netherlands or belgium and you'll see a lot of automotive, industrial and chemical technology companies among others. What was presented in this video might be true in consumer technology, but technology is so much more, it is just that european universities and governments focus on other fields and finance those fields instead.
So SpaceX is taking away most of Arianespace's market share without even trying to compete? You just made the European space industry look even more incompetent. Oh and just why do you think they abandoned upgrades for Ariane 5 in favor of the completely new Ariane 6 design?
Szia! Egy pár hónapja találtam rád, és azóta nézlek + csodálom, hogy van a RUclips-on minőségi kontent is. És csak most döbbentem rá, hogy magyar vagy. ;-) Jók a videóid!
In France we lost all our big companies & industries because in the 80s a whole generation of CEOs (inspired by the U.S) decided that the evolution was to have only plant-less companies. So they closed all the plants, moved all the production to Asia and considered that only the "brain work" will only remain. They just forgot one little thing: when you produce something you learn also a lot about it. And one day you know enough to create by yourself and not only produce for the others. Basic logic but obviously it's still too high for our CEOs.
I don't agree about the lack of a startup ecosystem. Here in the Netherlands there is a very active startup scene
1. open google
2. type "list of countries by exports
3. click on wikipedia
4. rethink your video.
This video was about (consumer) tech companies though, not about export or the economy in general o.O
I didn’t thought Europe was really lagging behind this much.
It should not be considered an extreme statement that the goal of our economic efforts should be, above all else, improving quality of life.
You fucking go, Europe.
And the best way to improve life is through technology.
Aeon Well that's up for debate.
@Ducky McDuckface not really, technology has driven the greatest leaps in quality of life. You have clean water on demand, while most of history you would have had to build a well, and walk a few miles, and the well water might get you sick. You have tasty, and healthy food, cheaply all around you that even kings of past didn't have access to, and spent mounds of gold to obtain. You have the ability to fly through the sky that at no price, a king of the past could afford. You have airconditioning, so you don't even have to deal with bad weather. You are living better then a king 200 years ago. You are wealthier then a king 200 years ago as well, because, even if you choose to feel poor, you can afford things that are grand luxuaries of the past, for almost nothing. If you make the minimum wage in the US, Canada, or Western Europe you are in the top 10% of the world. If you make over 100,000, if you earn over 47,500 USD a year, then you are the top 1%.
That's a different kind of technology, the technology talked about in the video is consumer technology. Europe is a global player in terms of other kinds of technology. My point was that Europe does not need to produce laptops or cellphones in order to increase it's quality of life.
@Ducky McDuckface, Aeon says "And the best way to improve life is through technology." Aeon didn't say a specific kind of Technology, and you replied "Aeon Well that's up for debate."
You didn't make any point, but you disputed Aeon's claim that "the best way to improve life is through technology." he didn't make any other claim.
No one in this converstation was talking about a specific technology, until your latest comment, but your last comment simply disputes that technology is the best way to improve quality of life.
The language problem is definitely a big issue.
The fact that any app or ssytem you develop in the USA / China can reach a huge chunk of the population speaking one language under one set of legal rules makes it much more simple.
Altough, while I can't talk for every european country (since I mostly know mine), I know France do produce a lot of technology but it is, as you said, bought by super giant.
Almost everyone tech savvy speaks english even if their official language is different. So language is not that much of a problem now.
I am studying a computer science at university, and all the materials are in english, books are in english, lectures are in english. All the work we do is in english.
+elukok
I studied CS like you in Europe too. I can tell you that the language problem is still a massive issue, the reason we're taught in english is because most of what we're taught in CS classes are from the US.
Although it's becoming less of an issue, it's still massive in comparison.
I don't see that as a problem. Moving towards a single "Common" language for the species would be overall a good. Not to say that the other languages are unnecessary, but having a single language that is spoken by 100% of the population is extremely useful, so I support a push for that any day of the week.
@@byakko9895
That's a very soulless and utilitarian view...
10:17 You have put the reasons why I love living in Europe in a list - going to send this to friends to explain why I moved from Canada
What’s the use of consumer tech companies when you have the highest poverty rates and no Heath assurances
Interesting point. I think the political landscape that keeps the poor sick is the one that enables corporations to grow into giants.
The US doesn't have the highest poverty rate... Also, 92% of Americans have health insurance and the rest can have medicare. It's not as accessible as in Europe, but you are exaggerating way to much.
@@sangwoohan1177 except even those who are insured don't get everything essential covered. The US still has the crappiest health system of the entire developed world.
@@kosinusify And yet the smartest european engineers move to the US for work.
@@sangwoohan1177 Yet, health care is not a reason.
I think it is a bit hard to compare one country (US or China) to a cluster of countries (Europe). While Europe tries to work as a single market, there are fundamental differences. As you pointed out, geography and demographics make it hard to take as a whole single unit than for example the states in the US. Thus I would say this is the main issue when trying to compare Europe as a single market to the US or China. While yes, you can have differences between different US states or China's provinces, countries are on a completely different level since they operate and have developed separately.
One example of why things cannot be compared and are thus are too grossly simplified due to this is attitude. Estonia for example is a poster-child regarding positive attitude towards technology. From the everyday person up to the government - technology is used daily and developed (software mostly) on the governmental level to be used by the government itself and the citizens.
And as many have pointed out, Europe in general is more towards B2B technology.
Geography is not a valid argument. Take south korea. It’s small and isolated from it’s major export markets and it still has more tech companies than europe does.
Country size is bullshit. Deserts, rocks and bushes wont buy smartphones, people do. Germany alone has 60% of USA's population size.
Same with language. Count in the other german speaking countries like Austria, Switzerland, Netherlands and Belgium and all of a sudden you got more consumers with one single language than USA ever could.
Germany has 25% the population of the US, not that this is necessarily relevant to your point.
Yatsura2 The US has 323 million people, how does Germany's 83 million population equal to 60% of the USA?! Even if you add up all does PARTLY German speaking countries, you'll only get ~128 Million people. Also to that point, if you include Canada (since they speak English almost exactly like Americans) with the US, Germany and those other countries COULD NEVER have more people.
If European legislations and bureaucracy is the reason, than it's Europe shooting itself in the foot when USA and China don't.
I would add one more point. The average european is much less interested in running a company. Most of us prefer the stability of a paid job. The ones that do start a company, do so out of love for the subject and not out of a desire to build an empire. In contrast, an american is taught that the ultimate accomplishment is to start a business and grow it to infinity. Unsurprisingly, many americans give it a shot.
And I would reject a point. Job safety isn't really holding legitimate businesses back. It is widely believed that in many industries, including tech, slightly longer holidays are a benefit to both sides. In creative professions, your productivity doesn't depend just on how many hours you spend on your desk. It's no coincidence that Silicon Valley companies are offering some of the best contracts you can hope for in the US, usually matching or exceeding what a european citizen would expect.
Thanks for the video. I have been asking myself the same question for quite some time. I work in the automotive industry where things seem to be a bit more optimistic. However, I feel that in any market where it is important to adapt quickly to new conditions Europe is falling behind. Lots of friends & relatives of mine, for instance, are quite busy blaming big companies for the injustice and inequality in the world instead of founding better companies.
We still have factories and offices for a lot of the brands you talked about.
Also as a Belgian, 22 of our tech companies were rated in the top 50 fastest growing tech companies in 2016.
The difference is we don't support monopolies like America does.
I cant remember anything important in the world that are belgian :( You live in environment when socialist greedy government destroy new businesses, they just cannot grow. And people cannot earn more too. Its just stagnation.
@@ПрикладнаЕкономіка Please tell, which companies could emerge and become big on established market in America? I mean there is google which is more than 20 years old company, Microsoft even older, Intel even older than that. Universal, Disney... don't even get me started on those. There is no way for something better to emerge on those markets and destroy those companies in a fair competition. That is not a free market. That is dystopian rule of supercorporations that (with their lawyers, lobbyists, corrupted schemes) become stronger than government, stronger than people.
@@ПрикладнаЕкономіка To make profit past a certain point. You do things like: form monopolies, move your manufacturing to low wage countries, lobby politicians to push laws to profit your bussines, evade taxes and so much more (preferably after you have reached a major market share)
NOT, " contribute to society"....
But, you believe what you want ;)
@@itchyshizle Companies provide jobs for economy. Companies are people too! Why you think small group of people from company X should provide all for other people for free? Other people work for money and dont provide free stuff for corporations! Moving manufacturing is right thing if they can, rich countries are rich because they do more complex and unique things then poor countries, and not because they do same simple cheap things! There is no reason to pay for same screw more if it is made by US. When worker stop producing less expensive thing he can produce more expensive thing! You dont raise cows by yourself right? Or grow wheat? Why you move it to other ppl? Because you time is free for more productive stuff for you. Get out left lies! Im not Harvard professor but I hope you get an idea from my 3rd tongue english =)
@@itchyshizle Fun bit being: Most of this stuff like monopolies, wage dumping and lobbying is illegal in most market economies outside the US. So go figure why Europe does not condones this kind of stuff when the capitalism 1x1 book tells you that that stuff is bad for capitalism and a side effect your government needs to regulate!
What about ARM they makes 99% of all processor on mobile devices?
The Japanese bought it last year. What about ASML? Without this company the hightech chips of today wouldn't simply exist yet.
By narrowing down tech by consumer products only is a disservice to the tech industry. Because a lot of tech companies cater to business & enterprise solution. Nokia & Ericsson are still major players in the telecommunication world they just don't sell consumer products anymore because the profit margins in enterprise solution is much higher.
My country leave Nokia for Huawei bcus its cheaper
but, but, but if you see both market consumer products and enterprise solution, Nokia don't sell any smartphones now and Huawei is the number one in enterprise solution market.....and they sell smartphone still
My opinion is that, we mostly don't care. Creating a giant tech conglomerate is not something ppl in the European society thrive for.
In Portugal ppl wanna work so they have money to enjoy their free time. Not revolution the market. And the people who are on social media more are generally not motivated to "change the world".
I think another factor is people's willingness to take a risk. Americans generally seem more willing to take risks and gamble with everything they have by creating a startup. Europeans seem more risk-averse. Like, failure and bankruptcy might be devastating to a German, but to an American it's not as big a deal. USA also has very lenient bankruptcy laws, your life won't be completely ruined just because your business fails.
Just because there isn't B2C (business to consumer) tech companies, it doesn't mean that there aren't B2B (business to business) tech companies. I live in the Netherlands. Look up ASML, NXP, TomTom. Both ASML and NXP were started by Philips. Philips mainly focuses on B2B now. Siemens the same. You have companies like Bosch. Spotify started in Sweden. SoundCloud is based in Berlin.
Look up BrainPort in Eindhoven. It is the "Silicon Valley" of the Netherlands.
Americans produce in China, Chinese produces their products in China, and basically European tech companies like Philips also either sold their tech departments to China or just moved to China.
But I agree regulation slows things down. For example, Uber was receiving fines in the Netherlands, because what they were doing is considered "illegal" by law.
than it was by definition illegal
From where do you get that Europeans don't like technology??!? That is pur nonsense.
Its would be more appropiate to say: Europeans dont like to spend too much time with work/spend little more energy on it. Its a first hand experience, one of my few problem. I am an European too, but if something have to be done, then it have to be done! Like right at that moment, except, if there is nothing to do about it at that moment. If a problem occurs, it have to be solved, not just tossed to the next person (thats what mostly happen around me, i try to solve problems, even prepare to avoid them, but around me people just so fucking lazy.... At least as i feel it.).
I think he didn't explain it right. Most of Europeans (older generations) when hear about technology, they automaticaly think about robots who are going to steal their job, so the general consesus about technology is that it is an evil thing.
No he is right many European don't like technology. At least in my country France many people don't like high tech.
Cerisette Kotomi yep you care more about enabling Mass Murder of your Citizens with Terrorists and fun Diversity Theories!
European here. Lived in the U.S. for a year and I was surprised by how people over there are early adopters and incorporate new technology in their life without questioning. In Europe, people tend to be a lot more skeptical.
Am I the only one thinking about companies like ASML which supplies the tech world form chip-making-machines
Koen Kaalberg Exactly! And all phones sold today have an ARM chip. Europe might not be big when it comes to selling directly to consumers, but the real money lies in selling to other companies 💶
I work for a competing vendor and I was thinking the same thing. They own the litho market. So while you buy an apple, intel, amd, arm, qualcom chip, the manufacturers like AMAT KLA, ASM, ASML,WONIK,etc are not brand names but they are the responsible too...
In the Platforms space you missed a few crucial European ones: Ubuntu, by Canonical(UK) and openSuse/SLES by SUSE(Germany). 2/3 major Linux platforms are owned by EU companies.
There are shit tons of tech companies in europe. There is more tech than computer hardware manufacturing xD
I stumbled upon this video by RUclips suggestions. I am European (NL) and have been wondering about this for a loooong time. This is the first video that explains it on a broad basis and does so very well. I thank you for that and will share this video wherever I can! (And subscribed of course!)
How about the third most popular pc of all time, the Raspberry Pi, which is UK based.
Same for Arduino made in Italy.
Regulations and high taxes are the main problem. I've worked with many European engineers who had immigrated to the US and that is what they say about Europe's problem.
Another excellent video. I think you hit the main points. I would add the USA for all of our issues, still is a very entrepreneurial minded country. We are still a country of risk takers and optimists, and we attract risk takers and optimists from all around the world.
The eagle flies alone they say. Luck favors the bold. USA! USA! USA!
and skype is owned by microsoft and soundcloud is supposedly dying
SoundCloud has been bought by google
Short Answer China
This is something I can click like to without debate. China are the juggernaut the US has tried to fight against for too long. They they used China for its manufacturing capabilities and now China, with it current spending power, is about to leave the US economy behind in a few years and it's predicted growth is massive and the US will still be swamped with debts whilst China makes profits.
A country isn't a company. It is expected to have debts, because those debts are seen as investments in the future. "Profits" are seen as a waste of money. A country is not a consumer, so what you consider as "bad", doesn't have to be bad. You use debt to consume, a country uses debt to invest. And it is expected that these investments will make money in the future. However, your consumption is expected to lose money in the future.
Don't confuse companies and countries. To a certain degree it is normal that a country has debt. Yes, even China has debts. Look up China's debt to GDP ratio if you don't believe me.
China has more debt than the US mate... what's worse, both countries are wasting borrowed money on stupid stuff; ghost cities and roads that lead to nowhere in China and bombs to blow up brown people in the US.
huh ????
china builds, america destroy. It's a balance
your videos are amazing! Thank you for this.
Whats with Bosch and AEG? And good Privacy Laws are not bad.
His point is that it is bad for companies that live and die on spying.
or SAP
Yeah I agree with you... kinda weird when tech develops so fast without any constraints...
Before watching; Logitech
Fruit500 Logitech is overrated
Still makes the best gaming mice
Fruit500 nope there's better
Best of what I've tested
No one competes with Mx Master tho
Cherry, Logitech, Avast, AVG, Opera, Beyerdynamic, Nixdorf Computers, (maybe) BOSCH though Logitech and Cherry are probably the most well known.
Yeah, there are successful European companies, but these are all tiny when compared to Google/Amazon/Facebook, etc
TechAltar ASML
Opera is totally irrelevant. They fired most of their staff, abandoned their own browser and started distributing reskinned Chromium.
Malakai TBH, I don' t really know/mind about that but I superficially like Opera
Bero256 Is there a switch manufacturer bigger than Cherry?
Your Thumbnail has the perfect Map 🗺️
The way you make it sound it sounds like Europe is free from the corporations that infringe on your privacy
No, he just said laws are stricter, which is a fact.
They’re not free from them. It’s just that the corporations infringing on their privacy are most likely based in the US
Never heard of SAP, MP3, Airbus? All of it is German, Airbus mostly German-French. And what washing machine and dishwasher do you have? What car? What electronics inside the car? What machines are building the cars? WHat machines are building the machines that build the cars? Your are only looking on the small sector of consumer electronics, there is so much more than this.
what washing machine and dishwasher do you have? (American)...What car? (Japanese).... What electronics inside the car? (Japanese/American)... What machines are building the cars? (Chinese)... WHat machines are building the machines that build the cars? (Chinese)
you can have your hamburgers... we'll take the most revolutionary tech companies in modern history instead 😂😂😂
LMAO, China has not surpassed the USA in gdp, and India has like 10% the gdp of the US 😂. They don't teach you economics in Europe, do they? The fact that you compare European gdp to the US is hilarious.... the USA is one country, and Europe is 50+ countries LOL... 😂😂😂
lol, also you can't reference anything important Europe has done without going back 100+ years... thats just sad. you are living in the past
@@Just_another_Euro_dude videogame industry is highly owned by American companies, to name a few, Electronic Arts(fifa and many others), Activision and Blizzard(call of duty), Nintendo(best selling game company of all time), Microsoft studios, sony interactive entertainment, just to name a few. Aa for cars,i don't know where Europeans get the illusion of EU monopoly on autos but most of the biggest and highest grossing auto companies are American general motors, ford, fiat, tesla just to name a few and other major ones like toyota are in Japan and china, the only big auto compony in Europe in Volkswagen, and Renault from France.now i think we can both agree that USA dominates the software industry, USA alone probably produces more software than the entire world combined.let's not get into military and weaponry, we both know USA can defeat the whole EU alone. As for gdp per capita, USA is ahead by a lot(57,000dollars in U.S. vs 37, 000 in EU). U.S. is also 3rd in food production and exportation, only behind china and india, even though on 1.7% of U.S. population are farmers, shows the effiency of U.S. technologies.oh and U.S. dominates space research with almost 600 satellites in orbit around earth, planet rovers, and NASA, the best space organisation in the world by a long mile, so yeah while the U.S. doesn't have the so called fast trains, we lead in everything else and U.S. could just as easily build 20 fast trains but they don't because Americans would rather drive their cars, oh also please don't compare operating systems when Microsoft, android, and Apple's iOS are located in U.S., and there's a reason this galileo global system thingy is unknown and everybody uses the GPS, and i would like to see the game beat fortnite, what is it's name by the way?
I think you've overlooked tech manufacturing: ASML. They are the market leader in chip waver manufaqturing machines and are a european company. All the chip giants use their machines and they haven't got much competitors. Also the Eindhoven/Veldhoven area in the netherlands where Philips originated and where ASML is located can be considered a kind of tech valley.
And all of those machines that ASML is producing are going where? To Thailaind, US, China..to build chips that are again sold back to Europeans with huge margins. Mac Pro Tower costs 6k euros, how much of that do you think keeps Apple and how much ASML?
Maybe its more to do with specialisation? Even a continent as vast and diverse as Europe can't produce everything. Whilst European companies might not dominate in the smartphone or software industry, they have plenty of other areas they do as well or better than the US in. Boeing and Airbus are fairly equally matched. In electronics, Bosch and Siemens are very powerful. In cars, Volkswagen, Renault, Citroen, and numerous others lead the field. The first lesson any economics student will learn is that resources are scarce and not everything can be achieved at the same time and there's no shame in that.
We do cheeseburgers better than you guys.
i don't live in Europe but still amazed by your videos congrats 👌
Nxp here in the netherlands still going strong💪
Philips as well
Rockstar Games ? Rockstar, is a British company which is currently its headquarters located in NYC. Before that there was a first Rockstar company which is called as a DMA Design and it is first founded in Scotland in 1984. So, Grand Theft Auto franchise is created by British people.
they also created lemmings.
Rockstar is now American. Owned by more Americans than British, it was originally British.
I don't know in the rest of Europe, but here in Spain, there's a City called Barcelona where almost all local the tech startups where created. For example: Wallapop; Glovo.
At least in hungary internet is cheap af. I've got 1000MB/s down and 200MB/s up for 10$/mo...
Wow I pay the same for 10/1
I feel sorry for you man...
In serbia we cant get that speed, and for 10€ 15/2 is max...
So close so far...
Sorry for you too. BTW I don't know why is it that cheap in here...
84 GB/s Bandwidth? Or what do you mean under 84Gb? 4G mobilenet?
I think the premise is flawed. I'm a musician. My interface is German(RME), my keyboard and pad controller- German (Native instruments) my main software- Belgian, my preamps and converters -British (Focusrite) Sync Distribution amp -German ( Rosendahl) my hardware effects -Danish ( TC Helicon and TC Electronic) and British/Spanish ( Syntifex /Focusrite) Monitors are British as well(Tannoy) and a smattering of European made EQ's and compressors. The list goes on and on... All in all I'd say 50 percent of the hardware i use is EUR 30 percent US and Canada and about 20 percent Asian, around 60 percent of the software I use is European as well. So to reiterate, in my case Eurotech is FLOURISHING.
ovh is european, why isnt it listed on infrastructure?
What Europe needs is a platform, named nation, more precicesly a united one.
Philips is still a big company in healthcare. ASML produces machines for chips all over the world. Vanderlande is a world leader in automated sorting systems. Tree companies near Eindhoven alone that nobody knows but "rule" the world. The USA might have the front end, however the backend is still very much European.
Jij kan dat beter zo geheim mogelijk houden, als het teveel opvalt worden die bedrijven overgenomen en dat wil jij juist niet.
If the regulation is to protect the customer against using its data with no consent, or to give some stability to the workers then I'm in favour of them.
i prefer my freedom and privacy.
but ultimately, what adds more value to your life? a 1100 dollar cellphone, or basically free healthcare and education?
ouicertes that attitude is EXACTLY why China fell behind in the 18th century. The Qing emperor declared that there was no need for advancing technology; China had everything she needed and society was happy. Well guess what happened in the next 200 years?
@Dex4Sure I prefer having an inscurance and workers' protection than having a famous brand in the country. In Germany there a lot of companies. For example Volkswagen, Siemens and there is a huge chemical industry with Bayer and BASF
@Dex4Sure Well my father's aunt just had 2 operations to save her life and will have a third one soon. She doesn't have to pay a penny for them officially. In the US she would have been slapped with medical bills and they would have taken away all her savings for them. But I guess I live in a shithole socialist country.
I had this free education, and don't want to burst your bubble, but the US teachers (especially in higher education) are more biased, then mine were back then 10 years ago. They didn't talk about current political stuff (only on a commentary level), because if they get reported by the students for promoting political parties, then they could loose their license after a few offenses.
I dont think we really miss out when we don't have to deal with companies like Google and Facebook. I'd rather have a society where people have rights. Europeans are proven to be happier after all.
And yes, Europe has a lot more tech sceptics. Sometimes they're stopping technological advancement, though sometimes thinking about the ethics first is extremely important.
*advancement
alvallac21 thanks
singularity_is_unstoppable a. ???
Except if we let Chinese and American tech companies take over we won't have any say on privacy or rights.
"Ethics", i.e. letting a bunch of leftist morons like Greenpeace ban nuclear energy and GMO and use biomass (literally firewood, like in the fucking middle ages) instead
Europe has mostly advanced, high-end "tech" or scientific companies... low-end tech has been outsourced to the developing world, N.A. may be home to the headquarters, but the production is done in Asia
Automobile industries are thriving though
In the media yes .. in the paper Japan automobile is far ahead
A U Haha, what? You do realise European automobile industries are being bought out by Asia. Just look at UK for example, all of their major automobile companies are gone. Same will happen to Germany.
haha dream on. Germany is the leader in automobiles.
We make the highest quality tires but cars them selves
are all moving to EVs now and though we developed things like the leaf early on Tesla is likely to continue leading that market in future if not more so.
William Stewart Olsen UK also used to be a leader in automobiles (land rover, jaguar, mini cooper, vauxhall etc.) now look at them. Same will happen to Germany whether you like it or not.
I always hear London associated with Fintech.
His hair looks like the iphone x notch
Pedro Arce lol no
Lol
best comment ever!