People weaponizing the downvote here without good faith discussion is disappointing but expected on HN recently. It's OK, you can take my HN points.
> The EU has a tremendous number of smart software engineers. Yes.
> They're more than capable of recreating the US tech stack locally.
No.
Where are the dozens of European tech winners? Seriously. They have the best education system in the world, strong social safety nets, cheap healthcare, and great lifestyles. Why have they not created innovative technologies that turn into worldbeating companies?
It's worth seriously asking this question. Many serious tech companies ultimately move to the U.S. because of capital availability but this should be addressable no? EU has big banks and pools of capital?
The ball has been there to take for 30-40 years. Europe has not consistently manufactured winners in the tech space.
> Opensource Let's see. We hope. But this doesn't seem to have been a good strategy in Web 1 or Web 2 besides a couple of notable exceptions. But notable exceptions don't power an economy.
> Europe ends up richer I don't see how. This is the problem. They cannot build. They don't have the raw materials. The land. The labor supply. The power. This is getting closer to the root cause.
Have spent many years in Europe. Rooting for them.
Just not sure they will figure it out.