US Based big tech is skewing your perception. real world economies dont revolve around social media entertainment and ad serving mechanisms.
Take those out of what US "builds" and Us doesnt look very exceptional
Take those out of what US "builds" and Us doesnt look very exceptional
If you take out the exceptional parts then the US doesn’t look exceptional? Forgive me if I’m not convinced by this argument.
You’re also generalizing too deeply. The top companies in the US cover a lot more than ads and social media.
In the top 100, there are only 8: ASML, Siemens, SAP, L'Oréal, LVMH, TotalEnergies, Santander, and Seagate Technology.
In 2005, the EU (excluding the UK) had 19 companies in the top 100.
So something is going on.
Big tech isn’t that big. Silicon Valley is $840B, while the US is $32T, so about 3%.
The US could lose all of Silicon Valley and still be much more productive than the EU.