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submitted 1 week ago by CAVOK@lemmy.world to c/europe@feddit.org

Borrowed from that other site...

New EU report: “Europe is stuck in a static industrial structure… [N]o EU company with a market capitalisation over EUR 100 billion that has been set up from scratch in the last fifty years, while all six US companies with a valuation above EUR 1 trillion have been created in this period.”

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[-] Melchior@feddit.org 6 points 1 week ago

It is a failure of the EU, that there are companies with market caps over EUR 100billion. That company size means it has a monopoly or a near monopoly. That is why the US has so many of those types of companies. All of them are in either a monopoly or at least only have one or two competitors. The situation in China is similar, but you need to add massive government support.

[-] CAVOK@lemmy.world 2 points 5 days ago

Why is it a failure of the EU?

this post was submitted on 09 Sep 2024
17 points (100.0% liked)

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