If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
Because it's pretty refined since it was funded with resources so great that it was intended to serve global level audience?
I don't believe that EU will have comparable quality "tech" without restricting US market access in EU. Unfortunately, refined high quality software requires considerable resources and no one will invest those considerable resources when the US companies can just offer better software at lower price thanks to their lead and deep pockets until the EU companies go out of business. Sure, EU doesn't need to discover everything again but they will need to pay top talent world class money for years until their products become refined.
Not every company needs, wants or has room to become google scale. Stability long term is something we hold dearly in Europe, not everybody runs in 10 seconds attention span.
We have fools in many places, but not that much and that bad. Look at defense - every single country in Europe is ramping defense budget big time, most of those money goes to European companies. Doesn't matter much how good US tech currently is, if it has electronics that can be tweaked or switched off remotely its a massive risk. F16 case was really enough for whole world to wake up and reevaluate.
Why should any other industry including what we discuss react differently? Private companies can risk as much as they want, its up to governments to sweeten the deal for local stuff or let it be, sure there market forces can play as hard as wanted.