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simonblack | 1 year ago

I think that "U.S. Technology Rules" is not correct.

Taiwan's microchip technology is better than the US's.

Several countries have hypersonic missile technology that's better.

China's space technology is better at present than the US's. (The current US space technology level is a far cry from the Apollo era of the 1960s-1970s.)

And the main reason for Europe's decline is the loss of cheap energy from Russia after 2022. If you can't compete price-wise, you go out of business. When your manufacturing companies go out of business, the country gets de-industrialised. That was a completely self-inflicted disaster. The US didn't stop importing important commodities from Russia in 2022, while Europe did. (A very dumb decision on Europe's part.)

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helsinkiandrew|1 year ago

He's talking about the size of US technology companies:

> Look at a list of the ten tech companies with the highest market valuation as of mid-November. With the exception of the Taiwanese semiconductor giant TSMC, all are American; no European company even comes close