Comments by "Nattygsbord" (@nattygsbord) on "Europe's Silicon Valleys" video.

Spotify is a terrible example. That company have never made a year with profit and the company have a tiny number of workers. Its a joke to compare it with Apple and Google.
2
Europe will not get any high tech firms because every member country are not allowed to do infant industry protection and impose tariffs to protect their own high tech companies from foreign competition - and that leads to they are getting destroyed before they have a chance to grow. The chicken dies before it even has a chance to hatch from its shell so to say. State support of certain companies is also forbidden according to EUs neoliberal dogmatic constitution. So this alternative solution when you cannot use tariffs cannot be used either. And hidden indirect stat support through military spending will not be effective and probably not enough to help any tech companies grow. Not even if military budgets grew by a lot with the Ukraine war. So the EU have destroyed itself with its libertarian dogma. And since all this dogma is written into EUs constitution is there no way this problem can be fixed in the coming decades. Its probably easier for a country to just make a Brexit if it wants a new industrial policy that isn't a f***ked up failure. Europe got talents in tech. No company can make high tech weapons like SAAB, Clipdrop is good at AI art, Germany is good at making music programs like Logic, Cubase, Magix and then do Sweden also have some famous computer games like Battlefield 1942, Candycrush, Minecraft, and it have Paradox Interactive, Pewdiepie, Pirate bay, Klarna, Spotify. So Europe got smart people. But it has never been able to create a single tech gigant equal to Microsoft, Apple, Google and Amazon.
1
@IntoEurope As the book "The entrepreneurial state" concludes did the government create all the high technologies that led to the tech boom in America - the computer, GPS, microelectronics, semiconductors, SIRI etc. Venture capitalists are just parasites that profits from the hardwork and tax money that others had put into creating all those innovations. Those technologies were also invented before NASDAQ was created in 1971. So venture capital was clearly not needed for any innovation. Innovation does not need venture capital more than a fish needs a bicycle. If anything is private capital usally only opposed to innovation. People are scared to lose their own money, and is therefore risk awarse. They do not like long time horizons and having to wait say 20 years for an investment to start making a profit. And private capital also usually hates science just for its own sake. Private capital is only interested in science that can make a profit and nothing else. But that is not true for non-profit organisations. They love science for its own sake. The military does not care about profitability, but more about effectivness of weapons on the battlefield. Healthcare cares about saving lives, curing illness and relieving pain... and profits is not its most important priority.
1