Why Europe Failed in Tech

Рет қаралды 88,578

Жыл бұрын

Get ready for an enlightening deep-dive into one of the most intriguing questions of the tech industry: 'Why has Europe struggled to produce its own tech giants like Apple or Google?' This thought-provoking analysis will unravel the complexities of Europe's tech sector, shedding light on the factors contributing to Silicon Valley's dominance.
From regulatory challenges and startup culture to investment ecosystems and education, we will cover a wide range of factors that have stymied Europe's rise as a tech powerhouse. Featuring expert opinions, comprehensive research, and compelling data, this video dissects the root causes of this technological disparity.
If you're interested in technology, entrepreneurship, or global economic dynamics, you won't want to miss this. Join us as we delve into the untold story of Europe's tech industry, presenting insights that have yet to be widely discussed.
Don't forget to like, share, and comment on your views about this issue. Let's spark a conversation that might just change the future of the tech world!
Europe tech failure, Why Europe can't compete with Silicon Valley, Europe's, tech renaissance, Can Europe catch up to Silicon Valley? The future of European tech The European tech revolution Silicon Valley vs. Europe Tech giants Entrepreneurship Innovation Culture Regulation Education Government
Support CuriousReason:
✔ Patreon: / curiousreason
✔ Stuff I recommend: www.amazon.com/shop/curiousre...
✔ PayPal: paypal.me/Diyorbek
✔ KZfaq Membership: https: bit.ly/2Qt5Gna
Interesting stuff I found for myself:
✔www.amazon.com/shop/curiousre...
Special Thanks to Patreon Supporters:
Sannu, Bill Pearce, Miroslav Houdek
Lets chat:
✔Twitter: / reasoncurious
✔Facebook: / curiousreason1
✔Subreddit: / curious_reason
✔Instagram: / curious_reason
Business inquiries: thecuriousreason@gmail.com

Пікірлер: 650

@Antros23 18 күн бұрын

Mentioning airbus failing vs Boeing didn't age well😂😂

@moonnippy 15 күн бұрын

If you prefer flying with the doors closed, risk aversion may not be as bad as it seems

@user-uf4rx5ih3v 14 күн бұрын

Airbus was never behind Boeing in any way, so it seems weird that would be given as an example.

@Nowhere-from 14 күн бұрын

You need far many more examples to claim Europe is a tech leader. But you're not trying that of course.

@gediminasmorkys3589 12 күн бұрын

@@Nowhere-from far many more indeed.

@kenji214245 12 күн бұрын

@@Nowhere-from That was never the point based on the context. Just the Airbus in general when it comes to their products are kicking Boeing's ass big time.

@zzip0 12 күн бұрын

It is very annoying when misusing "tech" instead of "software". Most of the US companies mentioned are actually software.

@RaineWilder 9 күн бұрын

Like which ones are just software? Even Google makes hardware, through vendors, but still. Perhaps Spotify is only seen as software or service but they barely deal with software, most of it is tech infrastructure.

@zzip0 9 күн бұрын

@@RaineWilder Where can I buy real Google made HW? Don't bother with phone, pls.

@JoshuaCartetrbtv 8 күн бұрын

Software is technology dodo

@zzip0 8 күн бұрын

@@JoshuaCartetrbtv But not all technology is software, dodo

@zzip0 8 күн бұрын

@@JoshuaCartetrbtv But not all technology is software dodo

@dimitarmargaritov 5 ай бұрын

We are constantly shooting ourselves in the foot with mostly meaningless regulations, heavy taxes on prospering businesses and so on.

@DarthAwar 2 ай бұрын

Taxes (Federal and State/Regional combined!) should never be more than 35% and never lower than 20% providing the Business is reasonably successful Personal Tax should never be more than 30% unless you start making millions a year (than can increase slowly to 50%), & no less than 15% providing you are earning enough to pay rent/mortgage food fuel insurance power water rates etc Also no Corporate Welfare if you don't pay Fair taxes to begin with (eh not using the Double Dutch or Tax Haven Loopholes or selling stock to a national branch at a rate it makes little to no profit of the same business like Apple does!) Corporate Headquarters must be in the Country of Founding and where most board including Ceo president Co CFO etc work/reside Why should The Rich or Big Business make profit but not pay a fair amount of tax on the money earnt too keep the Nation Solvent with well Educated Work Force and Good Infrastructure nevermind bailouts debt defaults etc for big business when it's the tax payer's that fork out for it that stuff isn't free

@iirekm 16 күн бұрын

@@DarthAwar You can't forget that in Europe there's also VAT (up to 25% on goods you buy) and enormous social security taxes (which go for unemployment-time salary, healthcare, pension, disease-time salary, etc), and those things add up sometimes to even 70-80% of income! The current system in Europe is broken, unsustainable, and impossible to change because now majority of voters in EU are at pension age or few years before pension age, and they won't agree for smaller pensions or working longer in return for lower taxes and better business opportunities. There's some hope in Eastern EU countries that joined EU after 2000 (Poland, Romania, Bulgaria, Estonia, ...) - they had no time to get into the tax and social benefits trap, and still have decent tax rates, which attracts tech businesses.

@Gunnl 12 күн бұрын

Europe doesn't need apple or google ... I am happy that we've shot ourselves in the foot and did not allowed companies to make money off the exploitation of people's (data, in this case)... keep apple and google.

@kenji214245 12 күн бұрын

@@iirekm Yes but they are also some of the most EU funding reliant nations around. Poland being the second largest recipient of EU funds overall and they used to be the largest until Ireland stepped it up a few notches. Romania is a cesspool on the edge of turning into a totalitarian state at any moment with some of the worst corruption on the entire continent, Estonia still relies so heavily on Sweden and Finland it would be a miracle if they could even function without their support and lets not talk about Bulgaria. The eastern EU is looking good because their growth comes from such a low point just reaching basic standards looks like an impressive accomplishment when seen in raw numbers. The best thing they have done is make the rest of the EU even more united and even begin to consider the possibility of adding a clause in their charters for kicking out nations not living up to the goals and promises to join the EU. Imagine what would happen to eastern EU nations if they start losing their funding and maybe even memberships it would be a total collapse on the east.

@iirekm 12 күн бұрын

@@kenji214245 Yes, but all EU benefits come at a large price tag: competition from companies from richer EU countries that now can freely open business in newer member countries. In '90s and early 2000s, when foreign capital was low, everyone in Poland with some decent access to capital (e.g. rich family) and good mind could create a great business, that's how most of Polish millionaires (and also russian and Ukrainian oligarchs) have started. Now due to enormous competition from richer member countries, it's hard to repeat this "American dream". And also a lot of potential tax revenue isn't paid locally, but in country where the business comes from, bigger EU-wide companies can also do more "tax optimizations", which is bad for local economy. Even such basic, crucial businesses like grocery stores in Poland where everyone does daily shopping, 2 decades ago were mostly Polish, now are in foreign hands. As always, there's nothing for free in life, money inflow and access to markets from one side, but no more Polish "American dream" and lot of taxes unpaid locally from another.

@innov4u 8 ай бұрын

I founded a patent attorney and engineering consulting firm in Israel. I then tried to expand to London, UK. I found there, to my surprise, an anti-innovation atmosphere. Some tend to reject, sneer at, or hinder innovation. After incurring heavy losses, I closed that London office.

@flavio7180 5 ай бұрын

Which is especially funny since the UK is frequently ranked as the best European nation for start ups, and the one with the biggest tech sector. It's safe to assume that if you encountered those problems in the UK, it would have been far worse in Italy or France. Just goes to show how far behind Europe is.

@cejannuzi 5 ай бұрын

UK and US have very conservative legal systems, including patents. They don't let outsiders in easily.

@StEvUgnIn 4 ай бұрын

That’s an interesting story. Would you be available for a quick chat?

@James-st9uu 4 ай бұрын

The UK has the third amount of tech unicorns in the world.

@StEvUgnIn 4 ай бұрын

@@James-st9uu That's why they did the BREXIT. All their VCs come from United States.

@jbi1839 15 күн бұрын

They don’t fail in Tech; they fail in Tech market.

@kenji214245 12 күн бұрын

Was just thinking this Northern EU has some of the worlds most advanced and respected tech manufacturing and research there is but they are small scale and mostly do either speciality orders for the giants or just in general push and sell new tech solutions to them. Their goals was never to become the big money companies just to the most stable and advanced ones.

@kricku 8 күн бұрын

@@kenji214245 I mean who doesn't work for Ericsson in some way?

@dave23720 Жыл бұрын

if a small market with english as not a native language is so detrimental to tech development how come Israel, estonia or singapore achieved success? its all about regulations...

@Luchs06 Жыл бұрын

Well in the case of china, regulations banned american and most western companies from its market, which gave chinese companies an undisputed home market from which they could expand. So you think more regulations are the solution? 🤔 I dont think thats the solution. We have a really overaged, non progressive and tech adverse population in europe. Many regulations are just a result of this situation. Regulations in general can be helpful and a certain wariness is not always wrong. Many big companies in europe are slow, but if we look at medium and small companies the situations looks a lot better. And sometimes while the us runs behind the newest trend and biggest moneymaker some europeans just try to make the best screw everyone still needs.😉

@CuriousReason Жыл бұрын

I think companies coming out of those countries you mentioned primarily built their companies around the US and English speaking market.

@mij6918 Жыл бұрын

100%. And Taiwan and South Korea, some would have you believe are also small countries, and we all use chips and devices made in those two. There is no reward to innovating or being productive in Europe. Every institution wants to get in your way as their own little way of feeling important and relevant, from tiny activist groups and local councils all the way up to the high courts and the EU, and if you do manage to succeed they'll all come cap in hand ready to take a much larger share of the pie away from you than what happens elsewhere. Why would anyone set up here when they can just go to the US? "REGULATORY SUPERPOWER" isn't going to change its ways. Europe is too slow to keep up in tech. Tech innovation is only getting faster and Europe is not.

@jcliu Жыл бұрын

The problem isn’t being a small market without English as a native language-in that case, you just use English for business. The problem is being a medium-sized market that’s large and rich enough to support a sustainable business in your native language-which saps both the incentive and capacity to break through to a global company. That’s why French and German tech companies remain provincial, while Scandinavian ones occasionally break through.

@mariobadia4553 11 ай бұрын

@@CuriousReason I noticed you have an older video about the leopard wunderwaffe do you mind doing an update now that a good number of them have been abandoned and destroyed Beyond repair??????

@RobOfTheNorth2001 13 күн бұрын

There is a simple explanation - military spending. While the biggest tech companies are not directly related to the military, the vast majority of the US tech companies innovations originated from military spending.

@jrenauardevol 13 күн бұрын

Darpa does a bit in startups but private capital is way more important. Darpa helps with research and big companies, not as much in silicon valley

@RobOfTheNorth2001 13 күн бұрын

@@jrenauardevol Darpa funds all the fundamental research then silicon valley gets the people and the technology. Private capital loves getting a headstart with free government-funded tech. The biggest tech companies are not direct beneficiaries, but darpa money underpins the entire ecosystem. Wonder why Israel is so high-tech? It's due to massive military spending. Same goes for the US.

@leroydanny4072 6 күн бұрын

Also think USA is nowadays monopolizing Technology and related stuff ask any tech person in the world and all they want is to work for the silicon valley giants

@gameandmodsreview2447 5 күн бұрын

I think it's worth noting that "tech" companies can be very different in what they produce and who the target audience is. Your example works well for Boeing, Space X or other tech giants that rely on government as their primary client. Companies like apple, spotify and many others, that rely on regular people don't gain that much from government and lose a lot because of the regulations. Your point is very good, just not applicable to all companies

@barhat961 4 күн бұрын

For example?

@yanglee1404 9 ай бұрын

I have to say it's a logical and reasonable report. The overall environment in Europe cannot compete with USA, Canada and Asia, especially the East Asian countries.

@SingularityZ3ro1 Жыл бұрын

From personal experience, I can say that people who have always been politicians, and EU administrative workers, are always really excited about the fact, that the EU regulates preemptively, and the hardest. From a tech-entrepreneur perspective, that meant for me that I e.G. worked quite some time in the Blockchain Industry, and was eager to fund my own useful idea in the space. Until I had a close look at MICA, and my LTD what you have to do to just be allowed to start your business (maybe), or what could come, I gave it a pass. Now I am working on AI stuff, and the exact discussions start all over again, even to ban products like chat GTP, Bard did not even make it to Europe because of this. The EU is very good at killing its new tech industries before they start. E.g. in the very beginning, Berlin was considered the Blockchain Tech hub. To put it harshly, the people in charge of the EU and most counties in the EU are often old, and run it more like a "Ludditocracy" ;-) That does naturally not go well with wanting to be a hotspot for applied tech innovation & business.

@jcliu 10 ай бұрын

Even the EU’s Luddite pride at being a “regulatory superpower” may go down as fatal hubris. Sure, US tech giants will bend to Brussels today in order to access a very large and lucrative market. But, without innovation and productivity growth, Europe’s share of global GDP will continue its terminal decline. In a decade, India will become rich enough to give the Googles, Metas, and Open AIs of the world a massive consumer base that allows them to avoid the headaches of Europe altogether. Regulation as stealth protectionism worked in China, where banning Google, Amazon, etc in the 1990s/2000s made room for their own domestic internet giants to sprout up. But Europe’s strategy isn’t even replacing American companies with homegrown tech champions-it’s just raging against a global economic machine that doesn’t revolve around diesel engines anymore. Sad.

@5133937 8 ай бұрын

A friend from France told me there was a time decades ago when France and the EU were proactive about building new things, but somehow they developed a culture where they were more concerned with how new things could hurt society rather than advance and progress it. The regulatory bias is a consequence of that.

@lambda653 7 ай бұрын

I mean what did block chain technology give us? A gigantic pyramid scam and billions of dollars of wasted energy. Seems like europe dodged a bullet regulating that one.

@CallousCoder 5 ай бұрын

This one of the many things that I loathe the EU for. I want a NEXIT, get far away from those dumb technocrats in Brussels,

@CallousCoder 5 ай бұрын

@@5133937France hurt the Dutch fishing industry because we fished with electric pulses so the flat fish would get stunned and float from the surface, not requiring sea floor disturbing dragnets. But the French don’t like competition and they are terrible in innovation and engineering, so the lobbied to ban this pulse fishing. Basically killing the Dutch fishing industry because by law we are not allowed to disturb the wadden sea sea bed…

@gediminasmorkys3589 12 күн бұрын

Have you heard? The flagship product of the frontrunner of tech, the Apple 15 handset has an USB C charging port! Amazers.

@renedohan 4 күн бұрын

Europe gave biggest innovation to iphone of latest years haha USB-C , how can it be failing in tech then ?

@DC9848 11 күн бұрын

1) On the flipside U.S. has currently major problems with having so large companies that they can sway politics, avoid taxation and local regulation. They pay 0-3% tax compared to normal 10-35%. In this aspect, EU has better diversity of small and medium sized companies. 2) There is clear trend of reshoring electronic manufacturing from Asia closer to the western markets due to geopolitical reasons. This has become possible from highly automated factories, so I wouldn't personally bet on Asia having tech manufacturing in this large percentage in 10 years time 3) EU is the most advanced market in material recycling. This will support domestic manufacturing efforts when materials can be sourced through recycling 4) Places like Silicon Valley used to attract the best and brightest from Europe, but it's attractiveness is on significant decline. I would not bet Silicon valley to be the only technological success story in 10 years time. Despite these points, I fully agree with some others in the comments, that EU has severe problems with overburdening bureaucracy, and we would need to cull 25-30% of the rules and especially people watching over others to truly become successful in industries like tech (too many people's job is basically stamping digital papers and passing it to the next person). That and also bold investments into larger companies to scale inside the EU.

@SaxonFaust 10 күн бұрын

sounds like cope

@philipjohn1338 6 күн бұрын

@@SaxonFaustindeed it is. Lol

@DhrubajyotiRaja01 5 күн бұрын

You think Asia is in decline, you think USA is in decline but it is the EU that would go through a downward irreversible spiral... Cope with it, and if possible Enjoy it.

@DC9848 5 күн бұрын

@@DhrubajyotiRaja01 1) I didn't claim USA is in decline, I highlighted they have some societal problems with how large some of the companies have become. 2) Asia has major problems ahead with the rise of automation. Same happened with wool factories in the UK when steam power was invented. Less demand for low-skilled labor, more profit for factory owners. Same will happen in Asia, question is where will the next generation of high automation factories arise first: USA, Europe or Asia. 3) If you actually read my comment, I observed major problems of EU too. This is kind of the problem with modern world, people have lost the ability of argumentation and practicing dialogue. I am not trying to change your opinion, I respect them.

@Naruedyoh Жыл бұрын

Do you understand that the EU is not a single country? It has a common economic market, but still they're 20+ countries.

@James-bs8bd Жыл бұрын

And?

@sidhantseth007 11 ай бұрын

and Still failing to Innovate individually...

@hotdognl70 10 ай бұрын

@@sidhantseth007 In all fairness, the USA is roughly 20 times the population of some of the smaller countries, not to mention how this relates to Asia. Statiscly this means there should be no room in the top 20, yet there is ASML... Without them most of the other companies should not even be able to exist.

@karl7428 6 ай бұрын

We are still failing miserably even when you account for population size @@hotdognl70

@baraddur7664 Ай бұрын

What a poor excuse. 😂😂😂

@fischX Ай бұрын

US is also more talk than wlalk. For example everyone talks about Hyperloop for a decade - Siemens builds the actual high speed railways in the meantime. Silicone Valley is close to Hollywood for a reason, is a big consumer show.

@chillithid8888 11 күн бұрын

No one actually believes in Musk's pipe dreams and it's *the Silicon Valley. You wouldn't call it Grand Canyon, it's *the Grand Canyon.

@chillithid8888 11 күн бұрын

@user-nw8zm2wu6o*you're Read a book.

@aquilifergroup 9 күн бұрын

Doesn’t obviate the assertions in the documentary. All you say might be true but Europe still lags behind.

@tluangasailo3663 4 күн бұрын

Commercial hyperloop is decades away , Siemens ain't develop hyperloop

@ingemar_von_zweigbergk 8 ай бұрын

eu needs to have to have the same business laws in every eu country to enable a company to more easily do business throughout the eu

@tiyes94 7 ай бұрын

Still it wouldn't reach the flow like in the US since language barriers and different working cultures occur. But at least it would make things a little easier.

@sophieedel6324 6 ай бұрын

Europe also needs to block US Tech companies from colonizing Europe. China was behind on tech too, they straight up blocked US companies and blocked every US takeover, now China has a thriving tech economy, while Europe is in the stone age.

@reinertgregal1130 2 ай бұрын

@@tiyes94 We can use english though.

@DrJams 2 ай бұрын

EUs cookie law makes it harder to make money on tech

@Tom-sd2vi Ай бұрын

Problem: southern europeans are lazy and having to compete with the north will bankrupt them. Like what happened to Greece.

@hotdognl70 10 ай бұрын

If just growth is the goal, then it "failed". Still I have a hard time seeing the explosion of empty bubbles and disposable products as a succes.

@user-ju8qg9dx9x 12 күн бұрын

"empty bubbles" written on an american app, on a chinese-manufactured phone with a taiwanese chip 😂

@waterbloom1213 12 күн бұрын

@@user-ju8qg9dx9x With a phone whose chips are of British design and whose construction was enabled by Dutch machinery. Your take is childish. You can agree with the premise on the video and not be a clown

@user-ju8qg9dx9x 12 күн бұрын

@@waterbloom1213 arm has negligible revenue, only ASML is a respectable semiconductor company in the EU. ST-Infineon-NXP won't budge even under EU pressure to make something more than discretes, sensors and automotive semiconductors. The most interesting semiconductor work done in Europe, aside from ASML, is in the design centers of american companies with bureaus in european cities (e.g Apple Munich). Even then it's often a case of a few designers in the EU collaborating with the main design team in california/israel/asia being competitive in memory and compute is simply out of reach of any company in the EU now.

@waterbloom1213 12 күн бұрын

@@user-ju8qg9dx9x See, bringing a better answer wasn't that hard.

@jezusbloodie 2 күн бұрын

The most interesting semiconductor work im Europe, aside from ASML, is done in universities.

@kmjgsdkmjgsd 11 ай бұрын

Making wide and baseless claims, it seems that America invents first, then "occasionally" reacts with regulation later, while Europe makes regulations first, and then looks for where they can go from there. If the US was as proactive instead of reactive, we would fortunately not have to suffer under industries like Facebook, but then again we would also never develop (and tolerate) new industries like AI. Seeing how Italy would ban it, and the EU wants to make prevent any more training data from being used, I don't think we will have any disruptive inventions from there anytime soon. No flying cars, no modifying organisms, and even no nuclear energy improvements lol.

@williammuthee2474 29 күн бұрын

lol oh the cope

@frankjohnon9736 8 ай бұрын

yoo u making so intresting and valuable content. dont stop please, humanity needs people like u!

@psk786 Күн бұрын

That's unfortunate, as a highly-skilled immigrant I regret coming to Europe. Most of my friends migrated to the US and they are millionaires with top positions in tech companies while I am being punished for earning much by paying so much tax and the highest public health insurance costs! When I find the chance and can unattach my bounds I will leave.

@sleepingwithsirens335 Күн бұрын

thank you. I've always thought of why Europe doesn't have such Tech companies like the US and Asia like China, Japan, Korea and Taiwan.

@allo-other Жыл бұрын

I agree that complex regulatory environments would comprise a barrier to the expansion of ANY business into broader markets. However, "tech" is a very broad category --- from commercialized software (advertising and personal-data collection-cum-marketing) platforms to design and technically-challenging manufacturing in FABs. Even within semiconductor manufacture, the disparities in quality are huge --- Taiwan vs China, for example.

@Ezekiel903 7 ай бұрын

this channel is a scam! watch were the biggest chip manufacturer have open up new companies, all in Europe, from cars to trains and high tech, "Netherlands produces the only machine worldwide to assembly nano chips", they have take the lead in subatomic particles research, they have Airbus which in a few years has beaten Boeing and many more examples!

@Vigorsol11 7 ай бұрын

I couldn’t have wrote it better.

@lukadundur8341 Жыл бұрын

Because we in Europe value good prosciutto and good wine more than latest gadgets.😂

@randomdude4207 10 ай бұрын

and let's keep it that way. i mean there is nothing wrong with producing good tech and maybe we could and should do more, but we should never become a consumerist society where we all wait for the latest tech like zombies living in a cyberpunk dystopia. I value a good british pie, french stew, italian wine and german Bratwurst over the new IPhone20UltraMax++++SuperXXL.

@hotdognl70 9 ай бұрын

@@randomdude4207 Proper priorities, I like that.

@BlockdaCoolguy 9 ай бұрын

Lets be honest here, the rapidly growing technology destroys our brains, like phones and games. Over 50% of humans are addicted to these.

@Atistatic 9 ай бұрын

@@randomdude4207 you are thinking wrong if tech companies are only for personal consumption.

@SamRichardson1990 9 ай бұрын

Then Why are you shifting to Electric Vehicles? Should be using Horse Carts.

@ThePipton Күн бұрын

Europe does not fail in tech (as your academic examples show), it just has a very different way of capatlising on it. There is more of an atmosphere that things should be done for everyone, hence a large opensource community. European businesses are traditionally also smaller, so focussing on the largest companies also skews the statistics

@rafae5902 10 күн бұрын

Lack of investment leads to low salaries which leads to employees not pursuing excellence and instead focusing on other things in their lives.

@benchoflemons398 5 ай бұрын

The amount of cope in the comments section is insane

Ай бұрын

"We don't need gadgets, we have wine and ham!!!" my fellow europoors type on their phones made in China on an American app

@jasonhaven7170 27 күн бұрын

@ Well you don't like Blk ppl so this is your punishment

@harshjain3122 21 күн бұрын

So true. And the 'oh but US is one big market and we smol' but if you ask them what about Taiwan, SK, Singapore, Japan, they don't know. And the "b-b-but better wages and more regulations", "tech is a bubble anyway". They are stuck quite back. I was surprised to learn that the top 5-6 Indian tech companies have a combined market cap of $350billion, about half of Europe but with a piss poor per capita and 5x smaller GDP size. The cope is insane.

@Gunnl 12 күн бұрын

@@harshjain3122 ... there is something called quality of life ... try reading about it.... US can keep its higher wages... and yes, we don't need (to produce) gadgets when we can always buy them from china and US ...

@gbadspcps2 12 күн бұрын

It's hillarious when they mention ASML as if it's the only company needed in the chip ecosystem.

@HobbesRochester 10 күн бұрын

The Airbus comment did not age well. Risk version in an airplane company seems the right way to go.

@reatcas 13 күн бұрын

Everything in this video is true, I'm finding an IT company in the US because europe has a shield of policies that have been approved to protect corporations against new businesses competition. In Europe you need a huge amount of capital and go through a lot of government obstacles like licenses and innumerable fees to open even a simple food truck

@kenji214245 12 күн бұрын

Not really just that if you don't read up on how to get started and don't follow the rules the EU is far more punishing against mistakes. But if you use the existing support systems and science parks and what not to get going EU startups are more likely to survive the first 2 years than the US or Asian ones. The biggest difference is that A LOT of EU startups get bought up very early by larger corporations either US or local EU ones to take advantage of their products and staff assets.

@waterbloom1213 12 күн бұрын

The U.S does literally the same with all businesses bar some technology and franchises to a degree. The U.S is far from a free market without regulations and barriers to entry. A book that deals in this is The Great Reversal by Thomas Philippon

@guiller2371 12 күн бұрын

Expensive and exclusive training. People who have money and not so much interest or perhaps not even talent are those with access. Then, when something is given for free to the masses, it is an opportunity taken not because it's useful but only because of affordability.

@Howabouthere 8 ай бұрын

I was wondering why👀, dude i love your videos❤, but there was something off, its because you keep going from bright picture of a office room, to a dark picture of for; example a historical event. which makes the viewer distracted. as a fellow viewer and enjoyer of your channel my contribution to advice is either make the change in making britness graduatal, or lower the brithness of some images, or just remove bright or dark images😂. hope this helps❤😃

@wouldnt_you_like_to_know 5 ай бұрын

Accenture is an US company, not an European one.

@brooklynknite Ай бұрын

I know, I seen a lot of misleading things.

@jasonhaven7170 27 күн бұрын

You evidently don't speak English as a first language.

@wouldnt_you_like_to_know 27 күн бұрын

@@jasonhaven7170 minute 1:33 : “In stark contrast, Europe’s top tech companies: SAP, Accenture, ASML … “ So again, Accenture is not an European company…

@jasonhaven7170 27 күн бұрын

@@wouldnt_you_like_to_know No, I mean you don't speak English as a first language because you wrote "an US"

@jasonhaven7170 27 күн бұрын

@@wouldnt_you_like_to_know Also, "an European"? No.

@TheLogicalError 26 күн бұрын

Keep in mind that there's a huge difference between European countries. In some countries the bureaucracy is much less, and things like the 5G rollout/ internet speeds are way better, than the US. (like Denmark and the Netherlands)

@carlitoxb110 12 күн бұрын

Europe is old, old people are usually more conservative aversive to change and technology

@isokabooks3758 13 күн бұрын

Which Estonian firms are on the list?

@Drophead1991 3 күн бұрын

in order for you to create advanced tech you need really advanced machinery and Europe has almost a monopoly on that so while the world is competing to manufacture the 5nm chip, a Dutch company called ASML is the only one who produces machinery that can produce that chip so technically speaking they are an integral part of the tech industry, not to mention the market cap of companies doesn't define there real value a lot of American tech companies are overvalued and thats just because there is so much money in the us and it happens to be directed towards tech these days due to speculations on its potential.

@mr67927 7 күн бұрын

The real short answer is that the EU has this thing called strict consumer laws that companies actually follow. Which holds them back from these things that Asian and American counterparts have. There’s just more “real life” outside of the EU. Being apart of the EU is about everything and everyone is equal

@maloflory 4 күн бұрын

TIL that the EU is a socialist state Ah, Americans..

@mr67927 4 күн бұрын

@@malofloryTo each their own. American was a country created for different reasons. I do not disagree much nor do I speak poorly on the way the EU do things. I have family and many friends that are European and I have learned that actually why things are they are today. We all should be pointing the finger at the UN and these proxy wars if you ask me.

@themarcel508 4 ай бұрын

The language barrier it’s not the great issue in Europe, the average European speak more than one language, in fact, it’s very common a person speak at least 3 or 4. The resistance of the innovation and the regulation is. In fact, the elite in Europe found a way to stay in power: regulation. They created a barrier to companies grow fast, and made every european think that it’s wonderful live in a Continent without big techs, while the use Chinese technology for their 5G, american + chinese technology for their smartphones, and many american softwares.

@kenji214245 12 күн бұрын

Speaking of risk aversion the EU is much less inviting to new people into markets like IT. Which means a lot of freshly educated people also move to the US and other places because they are more likely to gain an entry level job there than in europe. This means the EU is also more likely to not just loose possible good workers to other nations but also to lose them to leaving the work markets that need them the most.

@dschinnken Жыл бұрын

4:40 what do we use to show europe in tech ? f it, lets take a pre ww1 map

@wout4yt 9 ай бұрын

Yeah, maybe the maker of this video should show this to a Polish person.

@pietpetrus2343 Жыл бұрын

wdym the dutch have plenty of tech inventions especially computer chips

@chadsworthgigafuck7076 Жыл бұрын

They aren't making that much money

@dylan5578 Жыл бұрын

The Netherlands just makes the fabricators nothing else

@rickbo5858 11 ай бұрын

@@dylan5578 We have NXP and some photonic startups, BE semiconductors & ASMi.

@benchoflemons398 8 ай бұрын

The Dutch make lasers, nothing else. And it’s only the Netherlands, no other countries.

@Behind.Heaven 3 күн бұрын

Once europe is free, we will see europes true potential.

@andrewlau611 Жыл бұрын

You imply that Asia’s tech advantage lies in China having a homogeneous market and regulatory regime of 1.4 billion people, but such an argument fails to explain or take into the account the global reach that the tech giants of Japan, South Korea & Taiwan have which their Chinese counterparts don’t.

@CuriousReason Жыл бұрын

Japan, South Korea, Taiwan had a close relationship to the United States and the US pumped money, research, talent development into these countries during the Cold War (being a counterweight to the Soviet Union and China in the region) and encouraged tech giants of these countries into the US market with less regulations and import tariffs etc.

@umbrellastudio7481 3 ай бұрын

Japan, Korea and Taiwan don't have tech giant.

@andrewlau611 3 ай бұрын

@@umbrellastudio7481⁠not if you're only thinking in terms of web services instead of the global supply chain. The world's supply of servers and advanced electronics would literally grind to halt overnight if TSMC & Foxconn were to stop fabricating semiconductors. The world's two largest video game platforms are owned and controlled by Sony & Nintendo of Japan. Samsung of Korea is the world's second largest smartphone producer & has a near monopoly on high end display panels & DRAM chips that even Apple has no real choice but to use them too.

@Lucas-wn5wm 3 ай бұрын

@@umbrellastudio7481 Taiwan got SSMC, korea got Samsung

@3pic03 11 күн бұрын

I personally think regulation at some level is good. Chat GPT was banned as strong arm initiative against data privacy, which obligated chat gpt to adapt its privacy rules in Europe.

@michaelplunkett8059 5 ай бұрын

Thank goodness the USA had built the Internet for it to rin on.

@Jasonlhy 3 күн бұрын

I worked in one of the Euro company on the list. Some softwares focus on very professional area, which is difficult to expand revenue. Also, they are much more difficult to write and maintain The job is much more difficult than an average job. I have to solve some real technical problems. However, the salary is not really attractive. I guess this is one of the reasons 😂 My personal feeling is that the company is not as aggressive as USA company and China company, but it tends to not fire people.

@barsamrouholfada8223 8 ай бұрын

I'm curious, do you use AI only for your voice or also for generating the actual video content as well? Maybe you could make a video about this. You haven't said you use AI explicitly but I went through your older videos and.your voice is dramatically different.

@DarthAwar 5 ай бұрын

Tax in America is not a Simple Thing apart from Federal Tax you have State Taxes and Even County Taxes Also each state has different Regulations so the USA is not necessarily an Easier Market as a whole to move into

@tijgertjekonijnwordopgegeten 12 күн бұрын

Is the amount of money tech companies make really the best way to measure how advanced they are? I don't see any advanced tech being developed by Amazon or Alibaba for example.

@mbahcarrier1629 11 ай бұрын

Which part is the main cause, I want to know.....success for "Curious.........".......Pekalongan, Central Java, Indonesia is present

@everbravo3116 12 күн бұрын

Definitely, having one single language and one regulatory law system throughout the whole country has made things a lot easier for the USA and China. Something really hard to achieve in the EU.

@RS999GTI 14 күн бұрын

No money in Tech in EU unless you're in a very specialized system like SAP or Siemens.

@oskars1419 5 ай бұрын

europe need structural reform, also need protect our companies bcs china and usa want to stole (buy) them.

@johnbattle7518 5 ай бұрын

👌

@resupl 2 ай бұрын

💯

@jrenauardevol 13 күн бұрын

Most startups aim at an exit strategy (bought by someone), if you block this you kill the main reason for many startups (exit strategy, get rich and try again with something else)

@fernandoamy8278 12 күн бұрын

Where I come from, buying and stealing are two very different things. What's more, many europeans have been buying and investing in American companies for a very long time. It's a two-way street, or don't you know that?

@martianhighminder4539 10 сағат бұрын

Anything that the European Union deems economically, industrially, or militarily vital for the European continent should be nationalized or at least partially owned if it is that important to have it locally available or it's a foundational capability. Otherwise, it's a bigger, messier, more convoluted practice that is more likely to fail, to simultaneously operate in a market environment (especially a global one) but also protect businesses from being subject to those same forces.

@charlesd4572 3 ай бұрын

This is just conjecture. The mains reason is capital availability and regularity environment. The EU stifles innovation with burdensome regulations which benefit large corporations. This partly explains why investment is lower too - more risk of failure so better investment options. The UK is different. Cambridge and Reading are tech hubs. The UK has had a number of successes but we tend to sell them off to foreign companies once they start to grow - such as ARM.

@solconcordia4315 13 күн бұрын

@charlesd4572 The Rhine Valley Industrial Area has been prospering for a long time so it has bred some very big corporations which naturally stunt the growth of new and smaller companies starting up. In the U.S.A., we had the Gilded Age but we had the good luck of thwarting legislative capture via the assassination of our President McKinley so we got antitrust laws on the books to break up monopolies. Europe probably needs something similar to allow the new "saplings" to grow by preventing legislative capture by industrial behemoths.

@isokabooks3758 13 күн бұрын

Dint forget Asia is present in the US giants too.

@waterbloom1213 12 күн бұрын

@@solconcordia4315 You should read a book called The Great Reversal. It shows how your regulatory capture is actually greater in the U.S than in most of the EU. Not the final take on the subject but it wipes away many notions about antitrust and free competition in the U.S.

@tack3545 10 күн бұрын

did you even watch the video? he mentions all of these things in detail.

@hashedhakahol Жыл бұрын

Great video keep em coming

@MartinRyleOShea 8 күн бұрын

Is measuring the size of tech companies important, or is the amount of well paying tech jobs more important in Europe and examining where tax revenue is going from tech companies, cause a lot does not go to the USA. To be honest I think having lots of profitable smaller tech companies could be just as much of a bonus to Europe.

@captaingabi 10 күн бұрын

Good summarization. Less burocracy, less taxes, more funding. And global competition. I myself just leaving an EU tech company and plan to join a US tech company, and work remotely, since the salaries are incomparably different...

@aybgim3850 4 күн бұрын

Accenture is effectively a US company registered in RoI.

@levertmalatji-oj9ok 11 ай бұрын

What about stripe.

@cassiojp 12 күн бұрын

More regulations » less capital » smaller ecosystem » smaller capitalization. The fact Europe has a $700B market cap is a miracle. Have you started a company in EU?

@jamietung8233 11 күн бұрын

To be successful in research and creation, one needs to have an open mind.

@pulanala1421 5 ай бұрын

Low salaries are the actual problem 🤐

@DeeSock Жыл бұрын

Also in Europe it seems to be legally more difficult to fire or demote bad workers

@patrickganahl5126 4 ай бұрын

In Switzerland at least, you can be fired without name any reasons.

@DeeSock 4 ай бұрын

@@patrickganahl5126 good point about Switzerland, one of the more technically able countries in Europe

@mvdp3784 11 күн бұрын

Heres one of the issues: every country has different regulations. The eu attempts to unify that into a single set of laws and remove barriers. That receives alot of pushback from local governments for medling with their affairs and reducing sovereignity. Its a hopeless nimby-esque situation at the nation state level. A great example is all the different standards of railway networks.

@djp1234 Жыл бұрын

Fix your map. Crimea is part of Ukraine. The only country that recognizes that illegal occupation is North Korea.

@rubencouso7497 8 ай бұрын

Keep dreaming

@djp1234 8 ай бұрын

@@rubencouso7497 hi, Kremlin troll. This has been an exciting week for the Nazis occupying Crimea.

@danirey425 9 ай бұрын

They ain't obsessed as us about beating out other countries in tech, at least not anymore

@jazening3075 3 ай бұрын

Absolutely Fascinating!👍🙂

@AliceVixie 13 күн бұрын

05:10 Technological development in Europe is not limited by challenges of Europe, but European Union. Two different things. You also correctly noted that Spotify...

@benoregan9016 6 күн бұрын

Eu is what allows anything at all.

@AliceVixie 6 күн бұрын

@@benoregan9016 How could BASF, Philips, Olivetti, BMW or Mercedes exist and prosper before EU?

@ninocarlitos5229 Күн бұрын

EU is such a hell and business disaster for tech enterpreneur. ALOT of things are forbidden to build & sell there, so developing new advanced technology is just pointless if you comply EU ridiculous regulations.

@FristajloPL 32 минут бұрын

How on Earth 7.5 T$ (USA) vs 1.5 T$ (Asia) is "equally impressive" but 1.5 T$ vs 0.7 T$ (EU) is "significantly short behind China"? I agree with the video, but China also is far behind USA.

@user-jn6gh4yb1g 4 күн бұрын

This video is limited to the Internet and communication technology . Is only ICT is Technology you are undermining other technological innovation of Europe undermining them

@SXsoft99 Жыл бұрын

I home you understand that american companies mostly have foreigners, all big american companies for example have huge hubs in romania, and while in the US there have been layoffs in europe very few

@James-bs8bd Жыл бұрын

What’s your point? How does that have any relevancy to the video?

@hotdognl70 10 ай бұрын

@@James-bs8bd Does it matter? This video is hardly relevant for it's focus is on short term financial succes only and not on quality of life in the long run. In case it does matter: Most of these "succesfull" companies could not exist without these foreingers and just buying all these talents does not guarantee anything. As you mentioned Microsoft in one of your other comments, this is a perfect example. Inspite of buying the best tech and publishers they fail to produce a decent succes on their gaming platform.

@Bjonnet55 5 ай бұрын

@@hotdognl70Europe is nothing without the USA okay don’t be stupid , the USA spends money to defend Europe security so Europe have more money for its citizens, just like Europe have been relying on Russia gas for much of its success, and also Americans work more and are more productive and prosperous than European,

@dejabu24 Ай бұрын

@@hotdognl70 don't you think that increasing in quality of life is driven by innovation ?

@michallmaxlarsen8923 7 ай бұрын

As mention in The video,- EU can't compete as we fast try to ban A.I and 5G-- were money and Power will be in The Future And we will soon get a lot of People over 65 years that need expensive pension etc. We need to change big time in order to be stronger.--

@crimsonlightbinder 5 күн бұрын

as an European living in a EU country, I only came here to respond with this words: excessive regulation and stiffling of innovation

@Jose04537 6 күн бұрын

Spotify just bricked their only hardware device, car thing. To add salt to the injury, the official company statement literally recommends to throw it to the garbage, a 100$ device that is just 3 years old. Would you trust this "tech" companies with anything again? This is why I like my physical products "dumb", so they don't turn into e-waste with the next "update".

@Bjonnet55 5 ай бұрын

Europe failed also because they don’t copy USA innovation and market system , China understood this that’s why it had private companies and state owned companies, too many bureaucrats and Europe trying to do its own way is the biggest problem it has apart from language and structural problems, Europe can be more innovative if they are more unified and copy what USA and China do exactly in tech

@Jan-hm1sp Ай бұрын

ehhhmmm ... What are they exactly doing? Starting trade wars and propagating a free market while using proctectionism back home? Sounds like a smart idea, what could go wrong?

@lindsaymays7206 Ай бұрын

They don’t want to because they have no ambition other than to be taken care of by the government from cradle to grave. Notice how they always brag about their free healthcare? (Only possible because they’ve been hanging on uncle Sam’s nuts for defense for nearly 100 years). That’s their ONLY goal in life.

@user-jn7et9ve9z 3 күн бұрын

Failing is profit to rich in.europe

@hideakipage8151 9 күн бұрын

I'm in the UK. I'm trying to build a startup business. I can find funding for small innovative projects but there's no follow on. Consequently, we're hopping from one small project to another in a piecemeal fashion. I spent 8 years in France working on quantum cascade lasers. I won funding from the EU and have run numerous EU funded projects. It's a complete shit show. The bureaucracy absolutely stifling. We were ahead of the US at one point but it's all amounted to nothing after millions of euros funding.. I also started a business in France and got shot down in flames because of the bureaucracy and cultural limitations. I had a brief stint in Switzerland but did find it conducive to my business ambitions. I'm shocked at how risk adverse Europeans are. I prefer the Anglo Saxon flexibility and pragmatism but there are too many old farts running the system in the UK.

@theoldgods8229 8 күн бұрын

So why don’t you try in the US? Europe is too bogged down with bureaucracy and doesn’t have as a robust VC/startup ecosystem

@sentotalkacili7407 16 күн бұрын

why did they fail? because they are unable to produce technological goods at low costs. there are many factors, their currency exchange rate is high, the quality of living standards is also high, they implement regulations that make it difficult for the technology industry to develop. awareness of labor rights is also high. but Europe's potential is the intelligence of its people, a high human development index. science and research are quite well developed. However, for large scale business industries and production it seems a bit difficult. Europe must develop technology in different dimensions, there are successful examples such as ASML, their machines are the key to world chipset manufacturing. then technology in the field of public transportation, machines for cleaning river and sea rubbish are something that is truly extraordinary in Europe today.

@jacobfield4848 10 ай бұрын

Europe has more competition which is better than having one huge company dominating. Europe has problems with energy prices and allowing Ireland and Switzelrand to undercut everyone else on corporation tax.

@Lucas-wn5wm 3 ай бұрын

EU removes competition lols.

@bobtan9321 Ай бұрын

Unlike here in Silicon Valley, most countries lack the key elements for start ups. The advent of semiconductor industries created many venture capitalist eager to invest their new found wealth in the 'next high tech company". All you need is for 0.1% of he startup to succeed and the rest is history. This allows mavericks like Steve Jobs, who otherwise be consider too far out to flourish. Japan is so risk adverse they would shunned Steve Jobs and his consumer-oriented ideas. An open culture, not regulatory burden, is why US outshine the world.

@ke_van Жыл бұрын

Not just "war in Ukraine," but "Russian invasion of Ukraine." It makes much more sense and helps to understand the situation better.

@sztypettto 11 ай бұрын

There's a better one - "Russian liberation of Donetsk, Luhansk, and Crimea from Ukrainian genocide"

@alinstlawrence3458 11 ай бұрын

"the military operation of Russia to get back Russian part of Ukraine and make respect traitee from the last 2014 war of donbass" if you want to be precise

@theabaddon7457 8 ай бұрын

@@alinstlawrence3458 "the military operation of Russia to get back Russian part of Ukraine and make respect traitee from the last 2014 war of donbass, since Ukraine became independent from the Russian empire after 1989, but they existed for a long time as the Kievan Russ was founded long time before Moscow even existed, however the russians don't like their empire getting sliced up " if you want to even more precise.

@rubencouso7497 8 ай бұрын

The war started with the coup NATO did with Ukranian nazis in 2014. By the way there was a civil war in Ukraine since that

@rubencouso7497 8 ай бұрын

@@theabaddon7457Ukraine = Banderastan nazi state which shouldn't have existed.

@MellowSkyy 11 күн бұрын

What I'm wondering is why India is not as big as china, they have the highest population, many knows english, and has big CEOs with indian roots

@spyrex3988 3 ай бұрын

bruh if europe having hard time with innovation rest of east aisa and south America is worse

@gustavojoaquin_arch 3 күн бұрын

The Austrian painter was right

@mreese8764 7 ай бұрын

The reasons don't really matter. Nobody knows or could even know why different markets perform differently. People in Europe tried to copy Silicon Valley for decades and failed. I doubt that SV knows itself why it works. What you do know it's the you can go somewhere else where things are better.

@diogorodrigues747 4 ай бұрын

Actually some copies of Silicon Valley did work, like Ireland and Estonia.

@BeastinlosersHD 8 күн бұрын

France will have a tough time with start ups. Employees can’t be on 24/7 on call there due to labor laws.

@Montemort 5 ай бұрын

This is so wrong on every level. The innovation is high in Europe. without dutch machines, No silicon chips or tmsc. Same with most sectors. We are doing just fine. So tired of doomsday reports like these.

@andersrundgren6557 15 күн бұрын

The lack of a mandatory second language makes the "inner market" inefficient.

@SethSinclair 5 ай бұрын

Bc someone had to stay behind and preserve the old, so that others can build the new

@urimtefiki226 14 күн бұрын

Let my algorithm see everyone, make it transparent.

@user-jn7et9ve9z 3 күн бұрын

Future study make them fail leaving every step in half

@LucaL1fe 8 күн бұрын

As a Euopean i hope that VOLT has a big Chance at the election. All problems you mentioned they are trying to solve :)

@eduardomarinho7887 14 күн бұрын

How come philips is not there?

@quando7162 11 күн бұрын

dead company, not even a tech company anymore.

@ronaldlee3537 11 күн бұрын

The EU rules and regs stiffle quick moving high-technology. A computer that is 5 years old, is considered ancient.

@govind602 4 күн бұрын

05:38 show the correct map

@clementmakamo4557 7 ай бұрын

Africa tech industry also

@ApPillon 5 күн бұрын

They have the happiest people in the world too. My country is a technology bastion but it sucks living here

@filbao8113 Күн бұрын

Where

@philipjohn1338 6 күн бұрын

Talent will go where it pays the most

@brian5154 Ай бұрын

ASML is the most important company in the world......produces 90% of the machines that make all the microchips in the world............

@jrenauardevol 13 күн бұрын

Yes, but this is an spin-off from Philips that did a good bet over 20years ago (euv).

@abbofun9022 Жыл бұрын

The bias in this vid is just staggering. Europe chooses not to facilitate economic slavery and customer exploitation as is common in US and China, this comes with a price most Europeans find worth paying.

@CuriousReason Жыл бұрын

Can you define an economic slavery and customer exploitation? In terms of work, tech companies pay significantly higher in the US than in Europe and taxes are much lower as well, which is an incentive. Europe has more humane laws for its workers for sure but big tech companies in the US (apart from Amazon ecommerce department) treat their workers quite well, there are viral Tiktok vidoes where workers of those US tech companies do nothing but stroll around the office, eat free food, drink wine on tap, maternity/paternity leave etc. Everything has a bias, I didn't intend to be biased in this video as well but the center point here is tech and not general commerce which you might be mixing up. its all constructive criticism rather than favoritism for certain countries. Market fragmentation, regulations, different laws, VC fund investments, hostile attitude to tech market and all other aspects are the reason why Europe doesn't have any +$1 trillion market cap tech giant.

@abbofun9022 Жыл бұрын

@@CuriousReason I’ll break them down; ‘economic slavery’, employee protection essentially doesn’t exist in a meaningful way in the US or China, general conditions may appear to be OK in the head office but now go have a look in the factories, warehouses or data centres. ‘Customer exploitation’ if you seriously are bemoaning GDPR (or similar EU customer protection rules) and see those as a hindrance to doing business you really have a warped set of priorities. Apparently you think that Musk, Bezos, Cook et al should have a free hand in playing robber barons. Additionally, I didn’t mention that earlier, the blatant governmental sponsoring in violation of all WTO rules is also staggering in the US.

@papaicebreakerii8180 11 ай бұрын

@@abbofun9022I’m sorry man but a lack of regulations and easy access to capital is just what facilitates growth for start ups. If Europe is going to continue stifling its own economic growth then that’s their choice. Y’all seem pretty happy with it. It’s not sustainable tho

@Fedreal_Bureau_Of_Investigaton 11 ай бұрын

@@CuriousReason I agree with the criticism, the way you cited grdp as an obstacle to market growth was ridiculous. This is much more important and less impactful, as is the importance of privacy and data collection, which is now dystopian in many of the highly "successful" countries you mentioned.

@hotdognl70 10 ай бұрын

@@papaicebreakerii8180 Many startups proove to be just another bubble, can't realy considder that sustainable. Focus of this video seems to be short term financial growth as a measure of succes. Weird to see a nation with that much succes struggling every year with paying it's own administrators...