To pre-empt upset Europeans. I'm a proud advocate of European businesses. I regularly bore my friends by telling them about the issues with the European economy, and how we ought to support European businesses when possible. When making purchasing products, the nationality of the company is almost always a factor in my decision making. That being said, just compared to the powerhouses of America... European business do kinda suck - Jack

@TheBooban

26 күн бұрын

It’s true. I invest alot. European companies kinda suck.

@TheMagicLemur

26 күн бұрын

TBH: a BIG reason Brexit happened is Europhiles act like the EU is essentially perfect. They're too often not just patriots but cultists. More criticism of the EU's AI regulations and lack of tech start-ups is fundamentally necessary.

@flyorr

26 күн бұрын

Great content, to keep it accurate please ensure not to confuse the EU with Europe the continent.

@TS71240

26 күн бұрын

No reason to preempt anything. Most european companies (especially tech) is bought up in its infancy and integrated into the US companies with the vast amount of capital there. Capital markets is just plain better there. I usually see the American tech companies as a consolidator of tech from around the world (including US itself off cause) that can make all of it into a coherent product that people want to buy.

@victormelodasilvaferreira680

26 күн бұрын

Although the content is fine, the title is definitely inflammatory, naïve and misrepresents the situation and the interdependence of "both" economies.

One important aspect missing from this, is that unlike the EU, the USA does not use a value-added-tax (VAT). This means that if one buisness sells a product to another buissness, and then that buissness sells to another buisness and then finally to the consumer, then sales tax is paid at every step of that chain in the USA. This creates a strong incentive for vertical integration, because if you own all those intermediate companies, then you bypass the intermediate sales taxes and have a competitive advantage. In the EU with the VAT, if your business buys something and then re-sell it or integrate it into a component that you sell, you can reclaim the VAT you originally paid on that product as a tax credit or payout. This makes it actually very practical to have many small, independent businesses to create value chains where each buisness specializes on a very specific product, rather than vertically integrating into a mega-corp that owns its whole supply chain. So only comparing the large businesses between the EU and the USA can give a very skewed picture. ____________________ Also, I think the point about the unity of the US market is sometimes oversold. Every US state, and sometimes even every county or municipality in that state can have different tax regulations, reporting requirements, consumer rights, environmental regulations, etc for companies doing business there. Very similar to the EU but a bit less extreme

@badluck5647

26 күн бұрын

The biggest US companies are tech companies. Software is a short supply chain.

@phooogle

26 күн бұрын

This comment is spot on. VAT kills small and medium enterprises dead before they can get a foothold. I used to run a business, a small one in the UK, and we hit the VAT threshold in our second year. It then became impossible to expand due to the tax bills. I just gave it up as I couldn't afford to pay myself, and got a corporate shill job. If the VAT threshold wasn't there or was set at a few hundred thousand, I could have hired someone to help me out and expanded. Who knows how successful it could have been? We were growing, maybe we'd have been huge, but tax rules in the UK and EU are just murderers of small and medium businesses. Quick edit, I should make it clear I'm referring to this comment above being spot on, and I an referring in my comments to VAT and the VAT threshold in the UK specifically as it's been pointed out I might have been unclear.

@Mason265

26 күн бұрын

​@@badluck5647 Apple and Amazon are two of the biggest examples of extreme vertical integration in the US economy, where their standard operating proceedure is to constantly look out for parts of their value chain that it's possible for them to assume ownership over. Microsoft, Nvidia, and Tesla also have pretty strong focuses on vertical integration. Notice how e.g. Apple owns their phone business, an app store for those phones, a payment processing system for that app store, and now even own a banking business to finance those customer purchases through that payment processing system. In the hardware side, they've switched to their own in-house developed processors, and have been on a quest for over a decade now to replace their iPhone's cellular modems with their own in-house modems. Apple makes their own motherboards, computer cases, screens, etc. The list goes on forever.

@freefaler

26 күн бұрын

@@phooogle so your argument is the VAT is bad, but @Mason265 argues that it is good :)

@VAULT-TEC_INC.

26 күн бұрын

@@freefalerYeah, I got confused too.

Those pesky worker's rights, data protection laws and anti-monopoly rules really take the fun out of business, am I right?

@Revokefarleft

26 күн бұрын

Noo not at all 😂 data protection law? Which one exactly? Those companies outside of EU but not at all for companies inside of the EU

@ws1814

26 күн бұрын

I’m sorry but Nestle of Switzerland is one of the worst companies in the world. So don’t pretend like European companies are somehow more ethical or something.

@luisthoppil6163

26 күн бұрын

@@ws1814 not more ethical at all. Exactly the same, difference being sometimes our governments and authorities actually force them to not be so evil. Whilst it’s more laissez-faire capitalism in the us

@maka6134

26 күн бұрын

@@ws1814 No not more ethical no company that tries to make as much money as possible is ehtical. But inside of the EU these companies are held more accountable. Key word inside of EU. Outside of the EU these European companies can still do their regular awful thing

@janpiorko3809

26 күн бұрын

@@ws1814Switzerland isn’t in the EU.

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@VictorMartinez-ko5ct

12 сағат бұрын

Trading in Bitcoin now is the wisest thing to do now especially beginner....

@samuelroddy5382

12 сағат бұрын

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

@clarabrown9920

12 сағат бұрын

Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

@Victoria12902

12 сағат бұрын

Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

@MorganEmma-cg6ur

12 сағат бұрын

You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

I’m surprised Airbus , BP Petroleum, VW and ALDI didn’t make the European Lists

@ssssaa2

24 күн бұрын

This is based on market cap of publicly traded companies. Aldi is private, and the other ones have very low market cap compared to their revenue/earnings. US companies tend to have higher Price to Earnings ratio and higher profit margins, and more are publicy traded than in Europe, so for stuff like total market cap of publicly traded companies comparisons, the US absolutely trounces the similarly sized economically Europe. If you were looking at straight revenue of all companies private or public in each region, most of the difference would disappear. This can be seen with fortune 500 global companies by revenue, where Asia is the largest single region nowadays by revenue.

@SK-cz5wy

21 күн бұрын

@@ssssaa2 false. Even by revenue and operating income, US companies are bigger and better.

@rinmartell2678

21 күн бұрын

It’s because those cooperates you mentioned are not public in stock markets. That’s why the list and arguments showed in this video aren’t really accurate. If you look at other rankings where private companies are also taken into consideration, you will get another picture and more German brands like Aldi, Schwarz Gruppe, VW, Airbus and Telekom.

@hgbugalou

20 күн бұрын

Making planes is a hard business. Mistakes are much more harmful to the company than other industries. The A380 failure really hurt Airbus over the past decade and a half. Boeing's recent massive failures will likely help Airbus tremendously though for the same reason.

@truth-uncensored2426

20 күн бұрын

@@rinmartell2678 Airbus is not a German brand, it's european, and the main headquarters is in France.

EU: - give us a finished product that's already selling - a 5 year financial plan - a 30% stake in your company - pass all regulations before you come to us = and we give you ~€1 million US: - write a good plan - find people - build a prototype - give us 5-10% stake = and we give you ~$10 million Why would anyone choose option 1?

@yayekit

26 күн бұрын

Source: my friend's experience in both the EU and the US

@parametr

26 күн бұрын

This is so true. And you are being gentle saying EU investors ask for 30%. I've seen them ask for up to 51%

@NeostormXLMAX

26 күн бұрын

You idiots forget the eu is not a single country and the eu is not comparable to the federal us government and its states. Every member can constantly disagree on things

@NeostormXLMAX

26 күн бұрын

They are different countries each with their own policies, for example spain cant agree on its business practices with ireland etc so they do it differently, but each country has less resources alone, Also china literally has even more restrictions than the eu, yet they are far more competitive, your argument is stupid

@yayekit

26 күн бұрын

​@@NeostormXLMAX,"fewer restrictions for Chinese companies" apparently translates to "receiving direct funding from the Chinese government". Gotta work on my Chinese, my bad, my bad.

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God works and the church. God bless American .

@PhilipJackson-zd9bi

21 күн бұрын

As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Anna Davis. A widely known crypto consultant

@PhilipJackson-zd9bi

21 күн бұрын

She's a licensed broker here in the states

@jacobadams-ov2hp

21 күн бұрын

I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances

@JohnJackson-st1ji

21 күн бұрын

she's mostly on Telegrams, using the user name👎

@JohnJackson-st1ji

21 күн бұрын

Anna_Dees02 💯 that's it

@3:59, Using Europe interchangeably with the EU is very misleading. Europe has 50 countries, and the EU has 27. Also, Japan has around 125 million in population, but it does not stop many manuals and products coming with Japanese instruction on them.

@bennyklabarpan7002

26 күн бұрын

Where did you get 50 from? There are 39 with the traditional definition. 40, if you wanna include Turkey , but you might aswell include America at that point with their occupied parts of Germany.

@DontReadMyProfilePicture566

26 күн бұрын

Don't read my name!

@tupadre6433

26 күн бұрын

​@@bennyklabarpan7002 it's 50 according to wikipedia

@nutsackmania

26 күн бұрын

@@tupadre6433 lol using wikipedia

@Dim.g0v

26 күн бұрын

​@@tupadre6433 44-50 according to Wikipedia

Bruh I’m Dutch and I didn’t know that Marktplaats was owned by eBay…

@ssssaa2

24 күн бұрын

They sold it in 2020 to a Norwegian company but it was from 2004 to 2020. However this is very typical stuff globally these days. Enormous amounts of European investment exists in the US as well to the tune of trillions of dollars, same the other way around.

Also businesses in Europe have to pay taxes at a higher rate than US companies, and in the US we are a consumer nation....

@azumishimizu1880

23 күн бұрын

BRO THOUGHT jroguiehowe;rijgnq43\=owqjnq3u4op

@UltimateArts13

23 күн бұрын

US has high taxes they just don’t pay

@deeptoot1453

22 күн бұрын

Europe is al a consumer union. Just a shittier version with higher taxes. Furthermore, all these idiots form the EU are doing with their big tech regulation acts is lower the standards for startups. For many startiups it is the ultimate goal to be bought outght by a big tech firm, the EU is actively preventing that.

@SK-cz5wy

21 күн бұрын

not really. Germany has a 15% corporate tax, US has 21%. Employees are taxed heavily in Europe though compared to the USA. America probably gets the smartest people from Europe thanks to this, cause they can pay much more.

@r.a5765

21 күн бұрын

@@SK-cz5wy Does the corporate tax not depend on states in the US?

The landscape of big tech is dominated by American companies, and there are a few key reasons why. Firstly, the US fosters a culture that thrives on risk-taking and innovation. This is fueled by a constant flow of venture capital, which is essentially investment money specifically for startups. This allows even small, ambitious tech companies to get the funding they need to grow quickly. In Europe, the culture tends to be more cautious, and the investment landscape is more fragmented, making it harder for young companies to secure the resources they need to compete on a global scale. Secondly, the US boasts a massive, unified domestic market. This allows tech companies to develop their product or service for a large audience right off the bat. Imagine a playground - a big tech company can refine its concept on a vast American "playground" before taking it international. In Europe, things are more like a collection of smaller playgrounds, each with its own language, regulations, and consumer preferences. This makes it more challenging for European tech companies to scale up to the level of their American counterparts. Finally, the regulatory environment in the US is generally more favorable to tech companies. While Europe enforces stricter regulations on data privacy and competition, which are important for consumers, they can also stifle innovation and growth for young startups. Think of it like training wheels on a bike. While they help you learn, they can also hold you back from reaching your full speed. The looser regulations in the US allow American tech companies to experiment and grow rapidly, although this advantage can come with downsides that require ongoing scrutiny.

@PelosiStockPortfolio

26 күн бұрын

On the culture side, Europeans are more focused on their leisure time and summer holidays than putting in the very high number of work hours it takes to build up a massive company that is an innovator in cutting edge tech

@richardevans560

26 күн бұрын

You missed the real reason - The US govt set up and funded several of those companies - Facebook, Google. Amazon, Space-X - Have all received massive amounts of state funds. The idea the US is some free market nirvana is so laughable it is untrue.

@AL-lh2ht

26 күн бұрын

Also it should be added, Silicon Valley, and American major businesses in general. Also attracts talent and investment form abroad. So Hollywood, Silicon Valley, and the like are major international industries based within the US. They archived the world hub of said industry.

@stevenhenry5267

26 күн бұрын

As an American, it's long overdue for tech companies to be reined in.

@CmdrTobs

25 күн бұрын

And the attitude is awful in Europe. Buisiness is literially seen as a 'scam' by half the population. Profit is seen as greed or theft rather than virtious exchange and a source of funding for new investement.

In fairness, the Silicon Valley mentality also tends to cause quite a lot of economic chaos. For example by _"Blitz-Scaling"_ new business models like Uber and AirBnB, bankrupting all the traditional competition, and then jacking up the prices again. So maybe Europe is better off without that.

@logician3641

26 күн бұрын

Yes you have China...

@pbrown0829

26 күн бұрын

Hotels arent bankrupt and Uber is objectively better than cabs for customers

@MegaBanane9

26 күн бұрын

@@pbrown0829 Because AirBNB is now commonly *more* expensive than Hotels, while leading to housing shortages and rent increases in cities. Meanwhile Uber is still trying to kill off its competition in many places, but has already shown it will gladly charge riders ridiculous sums when they can get away with it. "better for customers" is also very questionable... and it only works with VC money and by exploiting their workers, I mean, "independent contractors".

@andybrice2711

26 күн бұрын

@@pbrown0829 I am using hyperbole somewhat. But there is a trend for putting competitors out of business by burning through venture capital, and then jacking up prices once you've cornered the market. Uber is better than cabs in many ways. And part of that is genuine technological innovation. But part of it is also just operating at unsustainable profit margins, and gradually transferring more of the cost onto drivers and passengers by stealth.

@DontReadMyProfilePicture566

26 күн бұрын

Don't read my name!

Are mega corps a good thing for society?

@xenotiic8356

26 күн бұрын

No

@Revokefarleft

26 күн бұрын

Absolutely not but the funny thing is that EU does have them just not EU founded companies 😅😅

@joeeeee8738

26 күн бұрын

@@xenotiic8356 funny to say this within KZread

@Mrdresden

26 күн бұрын

No

@stillcovalent

26 күн бұрын

Sent from your iPhone

If you do a sector wise comparison, European companies are competitive. Pharma, aircraft, fab equipment and so on. The difference is in the software sector, which is also the most profitable sector by far today.

@kellymoses8566

25 күн бұрын

That is really odd because there is no real barrier to entry for software.

@bekiryuksektepe3967

24 күн бұрын

@@kellymoses8566 the bar to entry is low but its a niche field which does not attract much people, its also really hard to become a good software engineer and a carrer where its really easy to burn out, or set up a successful start up and get enough funding especially in europe.

@olemai

17 күн бұрын

@@kellymoses8566 There are some tho, the GDPR for example.

@lm_b5080

14 күн бұрын

you can sum it up in the fact that - we're all watching this on KZread, not Dailymotion

@altertopias

11 күн бұрын

​@@kellymoses8566 There is for platforms (like social media or online markets). It comes through a lock in effect, though. Platforms get better the more users they have (both in available content and capacity to train algorithms). So if you start late, you're quite fucked.

Facebook is a really bad example. They swept through Europe like it's nothing. So, you can build a product that is markable in all countries. That's not really the issue. For the language barrier: Go for English first. You still also have access to the US market from the EU.

@sokacsavok

24 күн бұрын

And Facebook basically made their users translate Facebook itself, which is kinda mind-blowing.

@PhilippBlum

24 күн бұрын

@@sokacsavok Yeah, so that argument doesn't really fly. Europe has an issue with innovation due to regulations, lobbying and no financial infrastructure.

@sokacsavok

24 күн бұрын

@@PhilippBlum Yes, unfortunately.

@thyblackpanther

24 күн бұрын

@@PhilippBlumplus a generally weaker entrepreneurial culture and greater hate/distrust in mega-corps.Both of which is not working in their favor

@alvarojneto

23 күн бұрын

This video didn't provide much by means of enlightenment, and you point to a perfect example showing this. We already have economic theories that explain very well the gulf between the US and Europe, and that is taxes and bureaucracy.

Europe and the EU generally are pretty bad to get a business started in. Even if you have an amazing idea you have to start small, and being small is just un-affordable given the tax systems in the EU/UK etc.

@AlterEgo-en2wx

26 күн бұрын

Yea except noone I know has complained about this sort of stuff - do you pay more in taxes? I guess? Does everyone here do? Yea?

@phooogle

26 күн бұрын

@@AlterEgo-en2wx Check the comment from Mason below it explains it in some detail for you.

@tjt5055

Күн бұрын

@@AlterEgo-en2wx Right, but you do understand that this essentially calcifies the existing players (big and small) and discourages any sort of market disruption or entrepreneurship, right? This is how you stagnate. This is how you create brain drain. Also, this trend extends all the way down to small business. A large number of entrepreneurs are first-generation immigrants because it's easier for them to start their own business than to climb the corporate and social latter in a country that they're new to. Think about the local corner store in your town. In many countries, those are typically immigrant owned. Given Europe's last 15 years, wouldn't it make sense to make it easier for immigrants to start a small business, not harder?

This video was about 20 seconds of actual content plus 8 minutes of padding

@gabrielroman4535

15 күн бұрын

TLDR is going down in content quality

@ziggi4553

13 күн бұрын

Ye it felt like one of those articles that were written just to trick SEO

@Rikai644

10 күн бұрын

Sad

Two observations, as an American who has spent many years in Europe: 1) Europeans commonly hold the idea that America is one big homogenous culture/market. This is not true. At. All. While it is true that the U.S. market is more integrated than the European market, it still possess and must cater to wildly different cultures. This is particularly notable between large cities (NYC, Washington, Atlanta, Chicago, Dallas, Austin, etc.) and rural areas; indeed, that's probably the single largest driver of our current political polarization. Even beyond that division, however, different regions are very distinct. As someone who has moved from Washington, D.C. to Chicago to, most recently, Atlanta, I assure you that those three cities are very different. The market reflect that. As a concrete example, I'd never even heard of a Publix or Krogers before moving to Atlanta. Here, they are _the_ dominant supermarkets. 2) In my opinion, the European market remains far more fragmented than it needs to be. The fact that companies need to set up a separate headquarters in each individual European state, with different logistics, different management, and different inventories, boggles my mind. That creates an entirely unnecessary layer of management, with all the inefficiencies which it implies. As a concrete example, there were many times when, while living in Barcelona, I couldn't find what I wanted on amazon.es, but lo and behold, amazon.fr or amazon.de had the item in stock. Could I order from them? Sure, but delivery cost three times as much and it would take four times as long to arrive. For a smaller European competitor, that's a huge barrier to overcome. European policy, it seems to me, remains focused on protecting the domestic industries of each individual state at the expense of encouraging a genuinely European market. Changing policy to encourage a continent-spanning market, with companies identifying as European rather than German or Spanish or Hungarian, might do a great deal to improve European productivity and boost European companies. I _want_ European companies to compete on an even footing with American, Chinese, and (eventually) Indian ones. I _want_ the E.U. to form a third pole of geopolitics. The first step in that process will be to stop thinking of business and politics as German or French or Polish, and start thinking of it as European.

@thyblackpanther

24 күн бұрын

America so dominant it made an entire CONTINENT band together js to merely compete 😂😂God bless America

@TimothyZhou0

24 күн бұрын

@@thyblackpanther Well to be fair America is basically an entire continent itself lol

@thyblackpanther

23 күн бұрын

@@TimothyZhou0 r u acc European?

@josemiguelmatos3452

22 күн бұрын

Very good point!

@oadka

11 күн бұрын

Sadly won't happen because it's countries who select the leader who has to put their people first

The US has the most and most liquid capital market in the world. Basically, not only does the US have the most capital for startups and expansion, but the capital can be mobilized and utilized much, much more easily and quickly. That is significant.

@Bernd123

25 күн бұрын

Yes, US has like several times the wealth of most European countries hence more venture capital available.

@RagnarinVa

17 күн бұрын

@ycplum7062 - You are correct on this point. The capital markets are very liguid and very efficient. A friend of mine from college started his CNC machining business through a small-medium capital company that helped him with the initial investment in a large facility. He grew enough to buy them out and give them a 20% return. He was a talented mechanical engineer and a machinist. He would not have been able to set up a manufacturing enterprise without that capital.

Europe does a better job of preventing monopolies?

@AbbasKhan-ey9kv

26 күн бұрын

Have they really??

@user-ec3rm9wr1n

26 күн бұрын

Yup I love it .... Great business models ... UK is not EU ...

@DonaldDucksRevenge

26 күн бұрын

This too

@artvandalay7632

26 күн бұрын

Europe has plenty of regulations that favor monopolies but hinder small business entrepreneurship. Do you know where American companies park their cash to avoid paying taxes? You guessed right, Europe.

@veduci22

26 күн бұрын

You don't like the idea of 5-6 companies owning almost all media in Europe? Are you a communist? /s

Ah, another thing to consider in your argument: a big chunk of the US might in tech comes from the US military & intelligence massive investment in the sector. Europe’s mini national militaries have absolutely no chance to compete. Europe is basically held back by its own internal division, because every freakin’ village on the continent thinks they are the best and they should be their own country. 😂

@josemiguelmatos3452

22 күн бұрын

Bro, you couldn't have said it better! I guess you should be from oustide of Europe, since an outside perspective is sometimes necessary to have a broader vision.

@electricspeedkiller8950

15 күн бұрын

That was the case 30 years ago and more. Where the last manifestation of this problem was the Yugoslav war, although the main driving force behind it was serbs being serbs. And our military is pretty great. Combined, we've easily got the 2nd biggest army in the world, combined with invading potential, since France still maintains army bases across the world.

@oadka

11 күн бұрын

Can't agree more! More EU unification especially in the defense sector is needed

I don't think you need to translate your software into all of the European languages. I live in Finland and I see people use their devices in English all the time and that's what I do too. Maybe you do in France or Spain for instance where less people can speak English. But I've seen enough people use tech in English here that it might not be necessary and to me Finnish translations feel more annoying and frustrating than useful anyway.

@user-jo8qk1vs4t

7 күн бұрын

the smaller the country the less power it has to protect its own language. I live in Bulgaria and here even some products does not have bulgarian text on it. I don't see any cool thing here.

It's completely false that American companies don't have to worry about local regulations. The fifty states in the USA have a lot of autonomy and each have different regulations on companies. You might see things like different warranty or privacy policies based on the state you live in (for example in California you might see something in your contract saying you have the right to see exactly what info is being collected about you, as well as your right to have them delete it).

I don't think that large companies are good for the economy. They mostly concentrate wealth and power in fewer hands. I think that most of those large tech companies need to be broken up. In general I think that almost all large companies should be broken up. They make the GDP number go up, it may look cool to some people to see a single company worth so much but it is bad for all of us. Europe seems to have a lot more smaller and mid size companies.

@David_Box

26 күн бұрын

The idea is that the EU's overall wealth hasn't increased as fast as the rest of the world, all things considered

@Immudzen

26 күн бұрын

@@David_Box I don't care as much about the overall wealth as I do about more normal people. Something like 95% of all the GDP gains in the last 2 years have gone to a handful of people. What good does that do anyone? The number goes up but normal people are worse off. One thing I found, since moving to Germany, is that I don't need as much wealth to have a better life. I don't need a car where I live, I can just walk to the bakery and talk with friends. GDP goes down since I don't consume as much.

@David_Box

26 күн бұрын

​@@Immudzen Good on you for finding a way of life that works, I'm not too keen on useless consumption either. I mean to say that most people expect economic growth as their life goes on. This covers spending for fuffuling non-business related activities, raising children, starting organisaitions, saving up for retirment, all things that only really work if the economy keeps growning. Raising GDP for the sake of it doesn't do any good in of itself, but GDP does approximate prospects in the long term. It affects everyone, not just the very rich. Those in countries where growth has stagnated, like Japan or South Korea have had to deal with the issues caused by stagnation, for example.

@Immudzen

26 күн бұрын

@@David_Box I think that GDP used to approximate that. I think that companies have basically just started looting the economy and taking everything. I agree with you entirely that life should get better over time and that I do want economic growth but I want economic growth that I can see in more normal people. Europe has been growing overall but not as much as the US but also more evenly.

@axa3687

26 күн бұрын

Large companies aren't necessarily bad. They are efficient and stable, which garners more trust. Mid and small companies can't do most of the thing large companies can provide. E.g., KZread can't be run by a mid-size company. Even Netflix is run on Amazon servers. Small companies can't offer video streaming, app stores, etc.

I'd like to see the total years in business of the "Magnificent 7" compared to the youngest "granola" company.

@mildlydispleased3221

26 күн бұрын

They or their predecessor companies are all pretty much over 100 years old

@chinguunerdenebadrakh7022

26 күн бұрын

​@@mildlydispleased3221 Which is emblamatic of the problem, Europe barely has any new major companies popping up, if they do, at the first chance they get, they hop over the pond to the US. It's not like the US is so young they lack century old companies, P&G was founded in 1837, J&J 1886, Chevron 1879. It's just they're not the most dominant companies any longer.

@SK-cz5wy

21 күн бұрын

Europe being monopolized by 100 year old companies like Volkswagen (founded by literal Nazis lol) is not a good thing. The old farts lobby EU governments to kill startups with high taxes so that they have no competition.

@the_expidition427

20 күн бұрын

​@@chinguunerdenebadrakh7022 VAT destroyed the european economy people are paid so little that overall this stagnates growth

This misses a huge factor and that is how entrepreneurs are taxed. In the UK, someone who creates a new product that changes the market and creates thousands of jobs has to give almost half their income in tax for the privilege. Relocate overseas and they keep most of what they earn. And Europe is not trying to reverse this trend, so we are seeing 1% to 2% GDP growth, which is mostly supported by immigration and not increases per capita where the USA and developing world are seeing double digits.

@yavvivvay

17 күн бұрын

Yes, because GDP is all that matters? GDP is useless if it only goes to the top ~1% of the population like in the US.

@sourlemon3337

9 күн бұрын

It’s sad how the government stop growth by having these stupidly high taxes, making all the successful British businesses move abroad

It is also worth noting that investing is different in the US and EU. In the US there is a lot of speculative investing and a big expectation of share price growth. American companies will even forgo dividend payments entirely in service of this share price growth by reinvesting profits. This leads to the massive market capitalisations. European investors, on the other hand, often prefer to receive steady income through dividends, and this is what European businesses target. European stocks therefore often have greater yields than US counterparts.

@DaDARKPass

22 күн бұрын

Translation: European investors are d+mb, and would rather destroy any economic growth there could be so they could instead get dividends.

@DaDARKPass

21 күн бұрын

@@Cdxu22121 It's the complete opposite. People cling onto "sustainable" income, even when in the long term it's far more harmful. There's a reason many companies in America abandoned dividends - they harm a company's ability to grow by having to spend a bunch of money paying investors.

@the_expidition427

20 күн бұрын

@@DaDARKPass It turns out cannibalizing a nations companies as Europe continues to do is negative lacks positives and is unhealthy for the big picture

@vera_ah

12 күн бұрын

@@DaDARKPassthe entire foundation of the stock market as a concept is dividends, you can say it kills growth but stocks don’t really have a point without them

@DaDARKPass

12 күн бұрын

@@vera_ah I think we have very very different interpretations of what the stock market is meant to be, and it's clear only one of our interpretations has actually allowed for innovation and growth.

5:10 - Ebay lost to a local Allegro in Poland, because Allegro is so much better, even Amazon doesn't do as well as Allegro. Not even close. Why didn't they buy Allegro?

@santostv.

26 күн бұрын

In my country neither eBay or Amazon are hugely popular but we don’t have have a real alternative to Amazon so some order thru the Spanish website after the uk left the eu,aliexpress is somewhat popular and nowadays off course temu is even more popular ,also nowadays online electronics stores websites allows for third party sellers so most buy from there, for the secondhand market OLX is more popular,fb marketplace although vinted is gaining momentum. So has you can see is still quite fragmented even inside one country.

@eXclusive1

26 күн бұрын

Maybe because the polish market is not worth it...?

@vesogry

26 күн бұрын

@@eXclusive1 I will copy my response because I can see there are more sharp people here: 1. there are more people in Poland than Holland. 2. Poland is a developing country. 3. It was worth for these companies to move there, so what are you talking about? Man, think a bit before you write something.

@eXclusive1

26 күн бұрын

@@vesogry the other guy said the same thing…the polish market isn’t worth it. I’m sharp don’t worry 🤣

@becc_snipe

26 күн бұрын

@@vesogry poland is not a developing country lol

Is not diversity is suppose to be a strength?

In addition, Europeans and politicians really have look with disdain to people trying to earn a lot of money on their own efforts and risks. It is almost a crime and and most countries are stuck in collectives and income equality. This means you get manhandled from every angle especially taxes (you are not a large multinational yet so you wont reap those tax benefit's) you get discouraged at every corner when you even try so it is better to start in the USA and go to Europe. In addition you also need to arrange stuff before you do it where as in the USA there are a lot less rules and you can do everything and fix stuff later and as a bonus the consumer laws are very good in Europe e.g. 2 years guarantee, right of recalling etc which makes stuff expensive. Labor laws, again expensive if you hire the wrong people you will have to pay a lot! and to finish it off 1001 Carbon emission laws which makes everything expensive and 10% EU tax on stuff outside the EU (e.g. almost everything since there are little to no factories here anymore). I did not include high real estate prices those also count for the USA.

@atomicfly777

13 күн бұрын

America is getting there though, steadily drifting towards the same type of anti-business mindset which limits growth, California and NY people and businesses are leaving in droves, also due to rising crime.

@ricardoblikman2676

12 күн бұрын

@@atomicfly777 I have the feeling all those rules and costs is just getting created to destroy the medium and small businessowners so multinationals bars any competition, just like how they do it with certifications

@tjt5055

Күн бұрын

This is exactly it. Be a good little worker bee and we'll take care of you. This works if there's enough to go around. But 15 years of stagnation (Eurozone GDP was higher in 2008 than it is today), aging demographics and a large migrant population that has no chance in this system but has to be paid for... it's not unreasonable to have concerns.

I don't think the market barrier argument is a good reason European companies can't scale. All of these companies are global players. They all have to localize their products for 180 countries. It might give American, Japanese, and Chinese companies an edge in growing from small to large. But once large, it doesn't do much to help with growing to behemoth. I think it's 3 things: Compounding first mover advantages, worker compensation methods, and the more of a startup culture. America was the first country with a massive financial market. Britain, Germany, and Italy have older markets, but they operated on smaller scales. This means American companies have access to more financial capital to grow quickly. Foreign companies have incentives to work with the American market to access some of that capital, but American companies don't have nearly as much of an incentive to work in other countries until they've saturated the American market. This cements the American financial system as the most powerful in the world giving American business a huge boost. America started the computer tech revolution (with a lot of help from Britain). All of our largest companies today are in computer tech or financial services. For a long time, the best talent in computer tech from all over the world was drawn to Texas, NY, and California growing American business rather than their home country.

Ah of course, ASML would sell their $100m photolithography steppers to more ordinary people if only there weren't the language barrier...

@santostv.

25 күн бұрын

Asml isn’t a young start up but a established business, that what we are talking about.

This video mentioned only minor factors. If you want to understand the actual reason why these American companies dominate, it’s innovation. They are creating the technologies that are driving the global economy forward. Look at Europe’s largest company? This same factor holds true. Tremendous innovation. If a company innovates and solves a problem or improves quality of life, money will flow their way. There’s a culture that focuses on researching and inventing in the USA and the people with the money to fund it are right beside it. The smartest people flock to this area to make their ideas come to life. I saw a documentary recently where Germany is trying to cultivate something similar to Silicon Valley. It’s good they are doing that. A strong Europe is good for the world.

@Wind-oh-Wishp

25 күн бұрын

And that makes Hungary's direction even more of a catastrophic ones: we are basically becoming a polluted trashdumpster and both the mainline culture and policies are hostile to intellectuals, as Orbán tries to push down wages and people into factories. But Hungarian education now fails so hard that people are too stupid for even factory and manufacturing works, they can1t speak English, they barely speak even Hungarian and can't follow written instructions. We are fucked.

The US maximises growth at any possible extent. One example is immigration. The US has good future prospects which is why people invest, europe is full of declining population former communist nations that don’t speak the same language and don’t want to hurt their culture. Not a good place for growth. Investors don’t care about culture or the crime rate. They only care about if a number increases. The US doesn’t care about national identity, culture changing, demographic shift, etc. meaning that the US will grow. The more globalist you are the better.

@dermeisterdesspiegels3518

24 күн бұрын

That's a pretty accurate description. I'll add social democracy and left leaning politics to the root of European anti-business and anti-risk attitude so yeah... When Americans do say that we're socialist in Europe with paid leave and paid healthcare (the latter being quite bad)... they do make a good point.

Don't forget that with top stocks the stock price isn't well connected with actual value created

@123batina

25 күн бұрын

This. You have VW, second largest car producer in the world trading at 10% of value the comparably miniscule Tesla. Ppl just value american companies more due to no regulation and lack of worker rights. Or just because they are much louder.

@SKAOG21

24 күн бұрын

​Valuation is very mathematical, companies are usually valued based on the amount of future cashflow they can generate and it turns out that European businesses are worse at doing so, and so usually ends up having a lower valuation. You can look at comparisons on banks, energy companies etc. European companies struggle to earn even their WACC​ back. Edit: in Tesla Vs VW, Tesla is valued higher because more growth is expected, but growth expectations have been reduced, which is why Tesla's valuation has fallen. It is not as dumb as a company being louder. @@123batina

@SK-cz5wy

21 күн бұрын

@@123batina Volkswagen produces 9.2 million cars annualy, Tesla produces 1.8 million. VW revenue: 322 billions, Tesla: 96 billions. Operating income: 20 billion vs 9 billion. Tesla is growing like crazy, leads the EV sector, has competetive prices AND big margins. VW EVs are overpriced shit compared to Tesla. EU plans to ban EVs so it makes sense to be bullish on Tesla.

@123batina

21 күн бұрын

@@SK-cz5wy Google it before you say it: "U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year (YoY) decrease." Decrease is kinda... not growth. Specially not "crazy growth". You know who is growing like crazy? Cupra. Luxury brand of Seat, part of VW group. Google that as well ;) Anyways - I dont want to deal with kids and cultist anymore, so Im out of this discussion. Have fun guys.

@god-of-war-fan

17 күн бұрын

@@123batina lack of worker rights? are you stupid lmao

After having lived in both systems, and also in Switzerland it all really comes down to mentality. American children are taught at a young age to do/be anything they want as long as they work to achieve it whereas European society is more about making the safer option, where dreams and aspirations are limited and guided by the parents and society. It stifles the ability for people to be more entrepreneurial and risk taking with investments. The problem is cultural. To sum it in a few words "scared money don't make money".

Looking forward to Tim Apple's next AI announcements

@FernandoPerez3h.

26 күн бұрын

yes

@cookmyflower

26 күн бұрын

No you Cook the Apple first.

@DontReadMyProfilePicture566

26 күн бұрын

Don't read my name!

you can sum it up in the fact that - we're all watching this on KZread, not Dailymotion

@benshiotsu8553

12 күн бұрын

Dailymotion is where you go to pirate movies lol. The site also kinda sucks

This is just economies of scale. In many sectors, a bigger company means a more efficient company. This is especially true in high tech. E.g. you spend the same R&D money to develop your electric car, whether you sell it to 1 million or 1 billion people. In a globalized world, the bigger players, i.e. China and the U.S., dominate the high tech sector. The other countries provide cheap labor, natural resources, and luxury goods (e.g. french LVMH, german cars). Because their smaller economies cannot compete with huge economies on R&D. No wonder the U.S. have promoted free trade for decades. Like a fat kid challenging skinny kids to find out who is the heaviest. Now that China is becoming heavier than the U.S., the U.S. no longer want to play.

So basicaly american tech companies buy emerging europan companies and Europe dosent have massively overpriced mega tech corporations that destroy any competition by shady practices ( for example have you ever wondered why basicaly any computer comes with windows? ). Honestly the only critcism i have here is the not enough stomping on american companies by EU ( and they already are the only ones even trying ). What i would really be looking for i was to criticise europe buisnes would be to look at the massive state owned companies dotted throughout Europe. Those are shady AF . In Poland where i live mostly used as a retirement for politicians.

@santostv.

26 күн бұрын

Let’s make Linux the default os in Europe, stop using eBay use vinted, watch dailymotion instead of KZread, use deezer instead of Spotify oh wait spotify is Europe, lets all play minecraft oh wait Microsoft brought it, lets use a European pc manufacturer we don’t have a good one,let’s use a European smartphone we don’t have any good one and noki k themselves and sold of to Microsoft(usa), at least i can drive my European car but whos that in the distance a Chinese car? Unless we start using usa and Chinese tactics,we can’t protect ourselves, we want to be friends with everyone and we get st4bbed by both and called europoor or saying we need to pull our own weight meanwhile we gave the usa advantage to grow globally besides the problem of fragmentation that Europe has that is not compatible with the modern world.

@ws1814

26 күн бұрын

What’s more shady than Nestle and Swiss banking system???

@scottdowling7707

26 күн бұрын

In the U.S., politician retirement homes take the form of lobbying firms which “donate” billions of dollars to PACs in exchange for favorable legislation. That money is then filtered down to specific politicians. It’s basically a giant vote-buying, money laundering scheme. And it got much worse after the Citizen’s United ruling which basically removed any financial limitations between corporations and politicians, giving rise to the Super PAC. I’m not saying that state-run corporations are the solution, but private enterprise definitely isn’t either. The “free market” in the US is less a free market and more a members-only casino that has basically bought the U.S. Congress.

@Allaiya.

25 күн бұрын

Nestle isn’t tech but they’re definitely shady af

@SK-cz5wy

21 күн бұрын

🤣Europe is pretty much dominated by old 100 year old cartels that lobby governments to kill all startups with taxes, so that they have no competition. American companies are competetive like hell.

1. Access to Capital 2. Regulatory Environment 3. Labor Force Skills 4. Apprehensive nature to startups

@juliausnope9475

23 күн бұрын

I’d disagree on 3. You can easily get high quality engineers for pretty fair prices in Europe. There are culture issues though, who will bog them down unless corrected.

@rennteam8815

21 күн бұрын

@@juliausnope9475The best people go to the US. You earn a lot more in the US, pay a lot less tax and just have way more opportunities than in the EU.

A lot of EU (and Canadian, Australian, etc) tech companies end up doing business primarily in the US due to the larger homogenous market, higher incomes, higher levels of investment into productivity (e.g. into SAAS products), etc. I work in tech in Canada and the past 3 companies I've been at have focused almost exclusively on US customers. The bureaucracy and language barriers of the EU make it difficult to make money there while the vast distances make moving any physical goods prohibitively expensive in Canada and Australia.

@thyblackpanther

24 күн бұрын

Vast distances and differing bureaucracy🤔🤔🤔it’s not at all like the us doesn’t face those same problems but prevails anyway 🤷🏽‍♂️

@graham1034

24 күн бұрын

@@thyblackpanther the US is densely populated compared to Canada/Australia and has little bureaucracy compared to Europe

@thyblackpanther

24 күн бұрын

@@graham1034 bro WHATTTTT Canada is extremely more densely populated,half their population lives only 50 miles away from the us Canada border(we know why🤷🏽‍♂️).Same concept applies for Australia where 95% of their population lives in its 5 biggest cities(same for Canada js to a lesser extent).but yeah the difference in state regulations vs entirely different countries regulations is an acc good point,but for the first point what tf r u smoking😂😭😭🙏

@thyblackpanther

24 күн бұрын

@@graham1034 “little beuacracy” is a crazy lie ngl

@graham1034

24 күн бұрын

@thyblackpanther transporting good between large cities like Vancouver, Calgary, Toronto, etc is thousands of miles. Trading to the US isn't as far but international shipping has a lot of extra costs.

Bet you didn't realize my dude is wearing two different t-shirts throughout the video 👀

I don't think it's a very honest comparison thought. Because market valuations in tech companies are often inflated. Are we really supposed to believe Facebook (Meta) is a valuable company. What value does Facebook offer in reality? While you might have have a manufacturing plant or something like ASML that actually add value to society, and they couldn't be recreated by just anyone, and yet their market cap is supposd to tell us they are comparatively worthless? Market valuations are driven by nothing but marketing, and businesses that sell to consumers tend to get more hype, while businesses that do B2b don't get any hype because the general retail investor doesn't know about them.

Well, when you start business using other country's currency. there is no way you can win unless they throw some bone your way. For US companies to explode big, their hedgefund got access to easy USD. In Europe, fund and bank has to trade for those dollars. It's not a rocket science.

@ws1814

26 күн бұрын

But Europe has the Euro?

@DontReadMyProfilePicture566

26 күн бұрын

Don't read my name!

@jarnMod

21 күн бұрын

@@ws1814 they price thing in USD but pay in eur when it comes to export. Also, EUR is for EU, not reach country. Each country can't really support their company because they can't print the EUR themselves. It has to be done at EU level. So, they're at disadvantage from the start.

I wouldn't judge a company's "success" by market capitalization.

You forgot that also Europeans companies also employs well payed European workers whyle 99%of the employers of Big American companies are Chinese or Indians who are pays 5 time lower wages then their European counterparts. What if let's say Apple would have move their factories from China to Detroit. Their profit would be smaller becouse now instead paying a salary of 30k for a Chinese worker now they would need to pay 80k for a American worker.

@baikeiast5255

24 күн бұрын

Because american can't afford shit if everything was built in usa😅😅😅😅😅

If you wanna save 3 minutes, starts for here 3:11

There's also taxes and regulatory intrusiveness. No one wants to start a company in Germany, end up paying 50% income tax and be forced share power with a union to boot.

It's quite funny how in this video not once has it been mentioned that ASML is actually one of the most important companies in the world, tech and politically wise.

@MimOzanTamamogullar

17 күн бұрын

ASML is the only one, though

@barexampasser

15 сағат бұрын

For now. Give nvidia or even Apple some time to vertically integrate

Market cap isn't scale. It is to some extent an ability to scale.

Because 1. The US companies has a huge fund to bail them out if they suffer ( The US government) 2. The EU has a different landscape than the US. The EU does not have such a large focus on fuel and tech as the US and the middle east. 3. Some of the most successful EU businesses actually pays corporate taxes.

Them damn workers rights and living wages, how dare europe do that when the €1trillion companies could be worth €3T instead 🤣🤣

@Siranoxz

26 күн бұрын

And who benefits of that 3 trillion?.

@JakoWako

25 күн бұрын

Living wages? Have you compared the wages to the price of houses in these countries?

@liberalbias4462

24 күн бұрын

These American tech workers make more money than European leaders. Lolololololololol. America has a problem with poor people not people who work at Google or Facebook.

@jaylxxxi1908

22 күн бұрын

A living wage LOL

@SK-cz5wy

21 күн бұрын

lmao Euro salaries are pathethic compared to american

America focuses on more productivity per employee. Eu business wants less productive employees to increase employment

@bac1881

22 күн бұрын

That's incorrect. American workers are less productive compared to Europeans

3:20 The language barrier is BS Basically everyone working in Europe's big companies speaks English , we all learn it ... 3:40 That is a bit more valid , but the EU common market has reduced that by a lot 4:33 Again, thats BS , as all of us Europeans basically use American social media apps ... the concept of a social media app "specializing" in a specific country is ridiculous outside of China The question is , why is there no European social media app that captured the entire world , and basically all social media apps that have done so , are American ... the existence of multiple countries in Europe with different market preferences CANNOT be the answer if everyone in Europe uses basically the same American social media apps

Because corporations do not own the government in the EU, but they do in the USA. Getting free money and regulations cartering specifically for you helps a bit.

I came to Europe to try and expand our business and we've only managed to make a 6% growth in 2 years while in the US we grow 25% each year. The "euro market" is a joke at best, lie at worst

@santostv.

26 күн бұрын

In what business are you in? If you don’t mind saying. Some reason might be: we have a aging population and older people usually don’t need to buy a lot of new stuff and young Europeans although more consumerists aren’t on the level of sk,USA,china ect in Europe most are toned down besides teenagers that like to “flex” on people poorer than them. The country with habits more similar to the USA is the uk and it makes sense.

@Limozo

26 күн бұрын

@santostv. we do marketing and production for business (B2B) and yes first barrier is languages (too many here), but also, too much burocracy, too much taxes while the cost of living is comparable to the US you end up with way less, and yes I totally prefer this health system but I still think taxes are too high specially for small to medium businesses like us

@richardevans560

26 күн бұрын

I should go back then, the US is such a booming economy.

@santostv.

26 күн бұрын

@@Limozo What country are you headquartered in? Western Europe is more expensive and off course city centers are always more expensive

@onee

26 күн бұрын

I wouldn't say every market in the US is fantastic. The entire "If it ain't broke, don't fix it" mentality in the US seems insane if you look at how outdated toilet bowls and light switches are in the US. This is why a company like Tesla can grow so fast there. All the old companies are so stuck with the old ways of making money that they aren't willing to invest in new technologies. So, when a company comes with something so different everyone is willing to be part of it. While in Europe you'll see that many companies actually try to gradually improve their products over time. This makes it IMO more difficult to find new customers in (West) Europe, because most companies already tend to have something good going for them instead of something that really needed to be replaced 25 years ago like in the US. This is why your company doesn't grow at the same rate in Europe. I'm pretty sure many companies either already have an alternative company they're working with or simply don't see any value in your "I can make you even more money" sales pitch. Americans are extremely motivated by money. Which sometimes is really ridiculous, charging for the smallest thing that's often free in the rest of the world. So, giving them the hope to make even more will help you find more customers. Europeans are not that extreme.

Why American workers rights do kinda suck

@Hasanaljadid

26 күн бұрын

What rights?

@donkey7921

26 күн бұрын

Wel Europeans are kinda lazy compared to everyone else.

@TNOBasedBatov

25 күн бұрын

Worker’s rights?? Funny words funny man

@MoonLiteNite

25 күн бұрын

American workers have the most rights. In every state, you can walk up to your boss, say FUCK You, and walk out. No Issues. If your boss goes "bt ill double your pay!" you can stay and or still walk. You cant do that in europe....

@Greyalien587

24 күн бұрын

@@MoonLiteNitewhat..? Why couldn’t you?

Tesla I love your cars but your stock keeps breaking my heart.

Another reason is ease of lobbying, easier to lobby us lawmakers than eu law makers.

You forgot anti-trust laws, that are way stricter here.

What's interesting is that virtually all american tech giant companies depend on ASML tech.

Who wants to get sued and taxed to hell??

You danced around the real issue: TAXES. Nobody wants to give up 50% of profit. Also tech professionals would rather immigrate to US to get higher salaries rather than pay 55% to the government.

Europe trying to prevent monopolies… by putting in so many regulations that make it impossible for newcomers to create companies, on top of all the other barriers EU startups already face compared to US startups? Is this an oxymoron? The problem in Europe is that it somehow managed to Out-California California… in the entire continent instead of just one state/province. The one thing California has going for it. At least it’s still got that entrepreneurial environment.

@BigBoss-sm9xj

26 күн бұрын

lol

@elirane85

26 күн бұрын

I love the people that complain about how horrible California is for business but also complain that all the tech giants are in California. It's amazing how people can literally hold opposing contradictory opinions in their head.

I can assure you, America culturally is not homogenous at all.

@Siranoxz

26 күн бұрын

But in English they are.

@fastingman4726

26 күн бұрын

Yeah that was a mind-numbingly flippant comment. The people in California and Oklahoma are almost nothing alike. Just like people in Montana have almost nothing in common with the people in Massachusetts. Those are four states culturally are not even slightly homogeneous!

@siegfried19888

26 күн бұрын

@@fastingman4726 and don’t forget the urban and rule divide

@scifino1

26 күн бұрын

Well, relative to Europe as a continent, they are. Which languages do you need to speak to address just about all consumers in the US? English. Which languages do you need to speak to address every consumer in every European country? English, German, French, Spanish, Portuguese, Dutch, Flemish, Luxembourgish, Icelandic (if that counts), Norwegian, Swedish, Danish, Finnish, Russian, Estonian, Lithuanian, Latvian, Belarusian, Polish, Ukrainian, Romanian, Czech, Slovakian, Slovenian, Hungarian, Croatian, Bosnian, Serbian, Greek, Italian, Maltese, and I'm sure I forgot some.

@fastingman4726

25 күн бұрын

@@scifino1 bruh, I spent two weeks in Europe and traveled to six countries: all of those countries citizens (aside from the elderly) I interacted with spoke English. German and Dutch citizens I noticed had far more in common than Californians and Oklahomans. You should travel in the United States and see how different these areas are despite using the same language.

It’s not surprising that the European business are not doing as well as US. European business target limit range of consumers, requiring significant strong financial ability in order to partner in together with other companies. Strong industry such as bank and finance do not get people into the door if the initial investment or deposit is not enough. European bank focus on risk management, since the gain of the company after loan is paid is literally no connection with the investor or bank. Therefore, when banking do not facilitate business investment. It’s very difficult for local business to go international. In Europe, most transactions are usually one time transaction. But Asia and North American transaction are constant and consistent

In Eu companies cannot fire workers easily like US, hence not able to adapt quickly or take risks.

Thankfully EU is strong enough to force changes in big tech, like they did to Apple to force more customer friendly attitude

@Bowlyful

26 күн бұрын

Our economy is bad but at least the UE creating more inconvenient rules to lower growth in Europe 😅

@Revokefarleft

26 күн бұрын

I can’t stop laughing tbh 😂 EU just like to heavily tax companies outside of the EU 💀 have you seen how much google pays for its headquarters in Dublin 😂😂

@Revokefarleft

26 күн бұрын

@@Bowlyfuland the funny thing is that working for google in Dublin you have to pay more % tax then the company itself 😅

@LaSombraa

26 күн бұрын

Exactly, US governments are literally in these companies back pockets

@DontReadMyProfilePicture566

26 күн бұрын

Don't read my name!

Have you tried starting a business in Europe (UK excluded), especially countries like France? It's like they are going out of their way to stomp out anyone trying to launch a startup. It's not wonder we don't see companies like Apple or Microsoft coming from Europe. The entire small business approach by European governments needs to drastically change. Big companies don't start big, they start small and if there's no environment to foster the establishment and creation of small compaies, Europe will continue to lag behind other parts of the world. I've built startups in NA and in Europe and let me tell you first hand, there's no comparison.

@atomicfly777

13 күн бұрын

It's too much of a anti-business mindset in Europe, that sees wealth and profit as bad, which is also a growing sentiment in the US, whereby our big states like NY and CA are seeing alot of businesses and people leave as the costs, taxes and regulations are too high, and crime is out of control.

@tjt5055

Күн бұрын

Added to that, people don't realize that this attitude extends all the way down to small business. Nobody is shedding a tear for the next Apple or Tesla that won't be built in Europe. But why should it take 3 years for a Syrian immigrant to open a corner grocery store, just to get a business license?

@tjt5055

Күн бұрын

@@atomicfly777 Yes on most of that, but Crime is way way down across the country over the last 30 years, despite the horror stories you see in certain news outlets.

Also, as long as I have worked Almost every European from every other country is lazy except Brits and Germans and a few Scandanavian countries

He forgot to mention that Europe is running a trade surplus, while the US is running a huge trade deficit. Which I think is kinda more relevant than the size of the businesses in the country?

I like how this guy assumes people and seattle and people in abilene arent as different as dutch and germans

@sokacsavok

24 күн бұрын

Do they speak different languages and have massively different history and culture?

@answerman9933

24 күн бұрын

@@sokacsavok But is not diversity suppose to be a strength? the EU should be much stronger than the US with all of its diversity.

@sokacsavok

24 күн бұрын

​@@answerman9933 Well, you have to remember this video is about "market cap" which only says that a lot of people a buying the stock. It's helicopter money. The company doesn't have to earn it, one stock becomes a meme and it makes their stock skyrocket. It makes some people very wealthy (for now), but it can also change very quickly when eventually the bubble bursts. Europe has a lot of diversity, lot of small countries, whom has a lot of smaller companies, less "success", but also less "regular" million dollar homes. There is no silver bullet.

@khanbw

17 күн бұрын

They are similar enough that any corporation that takes off in Seattle will be guarenteed to be successful in Abilene too.

They are top businesses by the metrics the USA values, stock prices and nothing else.

@axa3687

26 күн бұрын

You are using that top business video platform on an operating system made by another top business. 8/10 most visited websites are American. I'd say, it's pretty important.

@Allaiya.

25 күн бұрын

market capitalization

For the sake of a healthy economy, we need both big and small businesses. The problem is - they are all suffering right now from over-regulation, sky-high energy prices (hello, Green Deal) and barriers between local EU markets (different regulations, languages, etc.). What the EU needs is a more common market with less regulation - not the other way around, which is what we're getting now. We either fix that or become irrelevant at a global stage.

Unlike to US, Europe has fairplay restrictions and anti-monopoly laws

Language/culture barrier isn't a problem for the FAANG stocks in Europe. Europe is just not competitive and it is a 3rd rate power

@jaredfontaine2002

24 күн бұрын

@user-yr4vp1jk7j Health insurance is not a big deal. Europeans think it is the end all amd be all. It is not until you are old. Depending on where you live you can just pay for health care out of pocket. What is important is productivity, wages, competitiveness on the job market etc. Thats going to make a much bigger difference in your life.

Prefer less monopolistic and more worker friendly European companies

@Dave05J

26 күн бұрын

Tell that to Nestle or ASML

@yvosjauw6661

26 күн бұрын

@@Dave05J Tell that to all ur companies then.

@richardevans560

26 күн бұрын

@@Dave05J How many paid days holiday would you get at Nestle in Switz? How many days maternity (or even paternity) leave? How many would you get at Amazon US?

@LlnusTechTips.

26 күн бұрын

And that’s why Europe will die economically

@graham1034

26 күн бұрын

You aren't wrong, but that also means lower and stagnant productivity in return. Not necessarily a bad tradeoff but it does have consequences.

You never know though. In the 80's, Japan's market cap in the world was over 50 percent. You never know when a bubble will pop up. Invest at least a little bit into the world index.

one of the first points is not right. us-companies make tons of revenue outside the us and thats why they indeed have many different markets where they need to meet the requirements

Wait Nestle isnt american

@baronvonjo1929

26 күн бұрын

Yeah? What did you think it was? It's Swiss. Also one of the most evil corrupt companies on the globe.

@maka6134

26 күн бұрын

No its not

@barexampasser

15 сағат бұрын

Ik smug Europeans hate this fact

Can TLDR Business make a video on Novo Nordisk alone?

@rook1196

18 күн бұрын

They sell insulin at a 1000% markup in the states, that's why they are a big company. America's awful pharma patent laws are worth more to Denmark than Greenland is.

3:45 Bogus point: None of those big American companies operates only in America. "There's also more regulation in Europe." Gee, ya think? Over regulation is the biggest problems businesses have. When you spend so much of your time trying to satisfy government regulators, you don't have enough time to mind your business.

Should it really be the goal of a society that a lot of its value should be stored as expected profits from private business? Is it even desirable as a means to an end?

@tjt5055

Күн бұрын

Should it be easy or hard for a first generation immigrant to start and successfully run a dry cleaning business?

We also don't have a unified postal system, so buying and selling things is more complicated ...and it takes longer for things to arrive, leading to local businesses having an edge.

@alvarojneto

23 күн бұрын

Which would actually be perfectly fine, except small businesses themselves are crippled even more than larger ones by the volume of red tape facing them.

@poondaddy9992

23 күн бұрын

and yet the EU is worried about iPhone cables being usb-c. wonder when they are going to actually be useful

I don't think the unique regulations in each European country is much of a disadvantage for European companies compared to American companies, because each US state has its own regulations just like the European countries. This even applies to a much lesser extent on smaller levels, for example a lot of counties and cities have their own environmental regulations that impact business operations. My county placed a 5 cent tax on every plastic bag, now nationwide grocery stores have to operate differently here than in other parts of the nation

ASML is an amazing business. Do not underestimate that company.

Europe needs to create better unity; to push a narrative of what it means to be European and not simply just French/German/etc… A new/ancient language should be used as an official vernacular. Latin for example.

@SP95

24 күн бұрын

Unity like the USSR ? Like the the Third Reich ?

@thehoneybadgerusmc

23 күн бұрын

No. Less EU and more national identity. Instead of using European start using your country of origin.

MURICA ! FUCK YEAH! COMING AGAIN TO SAVE THE MOTHAFUCKIN DAY YEAH!

Every time you make videos like this it really shows me how ununited the European Union is

Size of companies doesn't mean anything. Germany always had more a focus on small companies and Mittelstand. That makes companies in terms of work-conditions much better than global companies. Global companies are more and more struggling with hiring and skilled workers in germany, because MANY people are sick and tired of their unsocial expectations and high pressure and buerocracy and way too many additional management-tasks that you don't have in Mittelstand-companies. If you look at statistics on qualitative wealth statistics and soft economic factors, your ranking will look completely different.

Is it really a problem, if the European companies had targeted USA customers first which are more homogenous? Only because a company is European, it doesn't mean they need to target all European countries. Especially if it's technology.

This is overstated. I personally couldn't care less about bragging rights of European businesses who are just as bad when it comes to avoiding paying their fair share of taxes as their American counterparts, but most large US companies mentioned are monopolistic, rent seeking, defacto unregulated utilities, who's business model relies on putting Main-Street out of business and arbitraging workers rights. Of all the companies mentioned it is ASML that is the best and that is European. They are the closest to the "flying cars" in "we wanted flying cars, instead we got 140 characters". Am actually useful and productive company as opposed to an endless pointless content machine that on balance probably does more harm than good (no offense to this channel or YT which I avidly consume). But granted NVIDIA is also another actually useful company. Besides judging companies based on valuation is a misnomer, most are grossly overvalued by their own admission and of course the companies listed on the exchanges with the deepest capital markets are more likely to have higher valuations. We should judge success by what they are actually positively contributing in the real world. Thanks for coming to my TedTalk

@gdf_6c

26 күн бұрын

Bravo! 👏👏👏

@ws1814

26 күн бұрын

Yeah and top European cimpanies are Nestle and LVMH. One is an awful company notorious for its activities in Africa and the other a pretty useless handbag company that entertains the elite and the oligarchs.

@santostv.

26 күн бұрын

Nobody cares about value to society if we cared 80% of jobs wouldn’t exist . An American company can evade taxes the same way an European companies can although with different methods,a tech company can hire remote workers nowadays ect Nowadays companies are more global than ever, one of the biggest supermarket chains in my country is incorporated in the Netherlands but it was started here, most tech companies operating in Eu are in Ireland. So the question would be how much the a eu/European earns in taxes from a foreigner company versus a European one, would be more,the same or less? Because you can’t taxe stock value until you sell it.

@paulbo9033

26 күн бұрын

@@santostv. Goodness me where do I start with this one. 1. I didn't mention the words "value to society" you did. I was talking about productive value, but now you mention it they should be a value add to society. 2. As someone who actually has worked in the tech sector it is not so easy to just hire remotely, that's not how it works. Highly dependent on the position. Most roles cannot simply be done remotely. 3. "You can't tax value until you sell it". Lols, many countries have taxes on stocks held. a 1-2% tax on stocks held regardless of whether they are sold is not uncommon in a number of countries - the Nordics being the most obvious example. Try again.

@santostv.

26 күн бұрын

@@paulbo9033 ok, productive value but we run into the same issue or no? What it means productive value? 2.I confess I don’t know a lot about hiring for tech but was more about the fact that today it easier to do it and there’s some people that boost about doing it, earning usa salaries while continuing living in Europe or for a small minority moving from the usa to Europe 3. I didn’t know about that, in my country I think is only when selling them but still why the Nordic have good % of international successful companies although in the “tech” most were sold to foreigner companies?

The europeans with the adventurer mindset moved to the US where this is still celebrated.

3:59 I don't think this is actually as big of a reason. American services tend to do great in Europe, German cars are popular worldwide, ASML has a near monopoly in its field. I think Europe has basically made a tradeoff to attempt to be a bit more socialistic (not in a bad way) than the US at the cost of growth of its businesses. The US has decided that making more money makes more sense to us (cultural difference) and tries their best to support businesses more. Neither is right nor wrong, but both have significant tradeoffs

@rutessian

26 күн бұрын

being socialists.. is always bad in the long run.

Tesla has 2x market cap of Nestle yet roughly 0.6x earnings. Us companies are in general much more richly valued compared to european ones. Us companies are trendy, propulsive while european ones are in legacy industries. Meta has 2,5x earnings of Nestle yet 5x its market cap.Even starker examples are BMW, VW and Mercedes who sell for couple of years earnings.

One take I haven't seen people talking about is the fundamental problem within the question. 'European' would entail that these companies are operated throughout the contenant which they very much aren't. These companies are French, British, German, etc. This argument I feel is backed up when looking at when a truly European company is compared to an American one. Airbus compared to Boeing is a shining example that when you have a European company they are better in every way when compared to their American competitor.

The biggest investors are US-American and they clearly also do have a home bias when it comes to looking for investment opportunities, understanding businesses, and evaluating risk

@zachgansworth1627

25 күн бұрын

I don't know if bias is the right word, but in a sense, yes. Why do business abroad when you can do it right at home? It's just easier that way.

So language and cultural barriers prevent scaling within EU, yet US companies scale globally with even more language and cultural barriers ?! I doubt this particular one plays a role in EU lagging behind.

Well, is the idea to have a BIG, powerful champignons group of companies or many that are small to mid size? Because honestly, even without such big champions, Europe is doing fine.