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0 pointsdon_esteban1mo ago0 comments

Well, yes, all is more obvious in hindsight.

The tilted table facing the Silicon Valley: Yes, definitively. The US is screaming murder regarding the others (China...) subsidizing their industries to gain monopoly advantage. That is exactly what US (via Venture Capital) is doing regarding the SV startups -- the whole model there is burning cash to scale quickly to market dominance.

If China and Russia have been able to (at least somehow) insulate themselves from US IT dominance, so should had Europe, at least for the most critical things. Hiding behind 'free market' ideology when the other (stronger!) side is not playing by the same rules is sheer stupidity.

Yeah, yeah, nobody could have foreseen the level US would abuse its power... if you wholeheartedly believed the spiel about the common values and interests. In reality, the US has always been very transactional and aggressive. Its just that with Trump the mask has come off.

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jacquesm1mo ago

So, here you are with your successful EU startup. This time you'll do things right. So you go and raise some EU VC in order to be able to fight off the SV competition. And miracle: it works, you are successful. You consolidate your EU presence and get to the point where even the SV competitors can no longer compete.

So they buy out your investors and fire you.

don_estebanOP1mo ago

Critical infrastructure is not for sale to potentially hostile foreigners.

jacquesm1mo ago

Oh nice, tell me what legal basis you will use to stop a takeover bid. Have a look at NXP and a whole raft of other absolutely critical companies whose shares eventually wound up in the hands of countries hostile to Europe.

We have a whole department in the EU that would like nothing better than to be able to stop these kind of things from happening but time and again the business world finds a way around it. That's one of the main issues with the EU: we play by the rules even if the rest of the world does not. But that's a very expensive principle to let go and I for one am happy that so far they have not, even if you think it is 'spineless' it actually is the opposite.

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jacquesm1mo ago

So they buy out your investors and fire you.

don_estebanOP1mo ago

Critical infrastructure is not for sale to potentially hostile foreigners.

jacquesm1mo ago

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