Europe can't do computers. This is bad for them, because foreign companies, who can do computers, make money in Europe and beat out the local competition.
Not this again. Europe fails on producing unicorn that grow by exploiting people's addictions (Facebook), externalizing cost (Uber, AirBnB). However, Europe does fine in computing. The chips in you cell phone and computer are most likely made with an eUV machine from ASML, it probably has a bunch of NXP chips in it too. Europe has huge business software companies like SAP. Europe also has plenty of unicorns, like Klarna, Spotify, Revolut, Mollie, Just Eat/Takeaway etc. You may not know about all of them, because they operate primarily in Europe, like there are also plenty of US unicorns that barely have any footing in Europe.
Not this again. Europe fails on producing unicorn that grow by exploiting people's addictions (Facebook), externalizing cost (Uber, AirBnB). However, Europe does fine in computing. The chips in you cell phone and computer are most likely made with an eUV machine from ASML, it probably has a bunch of NXP chips in it too. Europe has huge business software companies like SAP. Europe also has plenty of unicorns, like Klarna, Spotify, Revolut, Mollie, Just Eat/Takeaway etc. You may not know about all of them, because they operate primarily in Europe, like there are also plenty of US unicorns that barely have any footing in Europe.