Right and there are also quite a few industries where Europe is way ahead of the US, to name a few:
- Railways and signalling equipment
- Container shipping
- Reinsurance
- Industrial machinery
- Wind turbine technology
- Luxury goods, luxury fashion and fast fashion
- Tourism
A big difference is that in Europe most companies are not big conglomerates. Yes everyone has heard of Siemens. But then you have tonnes of companies like WALDNER, based in a small German town with revenues of €350m, they make packaging equipment that can fill 100,000 yogurt pots per hour. Oh and they are a private company.
- Railways and signalling equipment
- Container shipping
- Reinsurance
- Industrial machinery
- Wind turbine technology
- Luxury goods, luxury fashion and fast fashion
- Tourism
A big difference is that in Europe most companies are not big conglomerates. Yes everyone has heard of Siemens. But then you have tonnes of companies like WALDNER, based in a small German town with revenues of €350m, they make packaging equipment that can fill 100,000 yogurt pots per hour. Oh and they are a private company.
https://www.waldner.de/en/about-us/company/