Which is a huge mistake.
We should have learned that the USA can't be trusted when Nixon ended bretton woods so it didn't have to give France it's gold back.
We should have learned that the USA can't be trusted when Nixon ended bretton woods so it didn't have to give France it's gold back.
“It may be dangerous to be America's enemy, but to be America's friend is fatal.”
Was it a lack of political will or short-termed-ness? Maybe both but the end result is the same.
You can't undo 20 years of inaction in a few years. It will take decades before viable EU competitors emerge and begin to rival US giants and that's if they even are allowed to do so in the first place.
Now the same EU countries are waking up and realizing that having pieces of your digital infrastructure in someone else's hands was bad bet but unfortunately, it will take decades to build the same thing in the EU.
They did so quite a few times, and then they let the home-grown alternatives be bought out by US capital.