But what if the “bigger is always better” mantra is actually wrong? (Many fallen empires come to mind.)
Maybe it’s an overall healthier state of affairs to have less concentration of power?
So maybe Europe is just fine?
Unfortunately the list doesn't allow you to sort by Industry. But you can easily see larger number of Top 100 are Tech companies. Nearly Half of the Top 20 are Tech companies if you include Tesla.
Then there is the Tech / US stock market value differential.
So EUR aren't really doing that bad. Not to mention half of your 5G equipment are from EUR. Ericsson and Nokia which has a low market cap but fairly high importance.
I am not an Open Source advocate by any definition. As much matter of fact I think I prefer to use something like Shared Source as in Unreal Engine. But anyway since tech will be the infrastructure of any modern society, I would not be surprised if one day, OS, and basic form of Software are all Open Source.
Bingo. For example I, a European worker, wake up in the morning by the alarm sound of my US developed phone who's software and services are also developed in the US. I then power up my US developed laptop and use a US designed OS and read and reply to emails using a US developed solution part of an office suite also made in the US. During work, I deploy my work, which helps people book flights, to a US developed cloud solution. After work I text my friends on a US developed messaging solution and at the pub one friend keeps posting pictures to a US developed social media platform and another swipes through photos of potential mates on a US developed dating platform. Hell, even when I want to use online banking or online government services I'm still relying on mostly US tech to get the job done.
How the hell is this absolute dependence on US tech not scary for Europe's sovereignty is beyond me. If the US wanted to flex its power for shits and giggles it could just ask the Microsoft, Apple and Google to turn off their services in Europe for a couple of hours and send Europe to the stone age.