America loves investing in risky ventures, and startups love money so they go to fish where the fish are.
If Europe would invest into local startups instead of propping up the real estate bubble, they wouldn't sell themselves to the US for money. Our downfall is by our own design here.
Governments don't create startups but they can 100% create the right legal, monetary and tax incentives to steer private capital and workers towards them, but as long as they are steered towards protecting the interests of gentrified land owners and those of 100-year-old companies, nothing will ever change and we'll just stare at how US and Chinese companies are overtaking us.
If Europe would invest into local startups instead of propping up the real estate bubble, they wouldn't sell themselves to the US for money. Our downfall is by our own design here.
Governments don't create startups but they can 100% create the right legal, monetary and tax incentives to steer private capital and workers towards them, but as long as they are steered towards protecting the interests of gentrified land owners and those of 100-year-old companies, nothing will ever change and we'll just stare at how US and Chinese companies are overtaking us.