Does Europe need its own tech moguls?

Changeisgood

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This is especially in relation to social media. I find it extremely worrying that all this power resides with a few men. I won't go in on their individual motives and ethics but in general I believe in a strong competitive environment, and thie current state is far from that. So hence the main question. Should Europe make something for Europeans, and this time preferably in the hands of many, not the few?
 
That's not how it works.

Someone in Europe sure, but trying to copy social media as governments is bound to be a waste of tax money. Stuff like youtube, google, facebook, myspace etc. will not be repeatable anyway because all of them were built on copyright infringements until they had enough traction to be able to deal with those. OpenAI, Gemini etc. too. All of them are only possible if the government and law enforcement shut both eyes wide open. European politicians don't even comprehend that point. If they do I've never heard them verbalize it.
 
Do we need our own Oligarchs? Absolutely fecking not. We need more controls and regulations to not only prevent the tech oligarchs like Musk and Zuckerberg from overreaching here, but also to prevent our very own 'homegrown' ones from reaching the same level of disproportionate power and control.
 
No, we need State actors with the will to take them on. States, or supranational organisations like the EU are the only entities with an equal level of power to hold these oligarchs to account.
 
i’m happy to be the eu’s trump, but i will demand there’s even more fanny about.
 
I don't think Europe needs more tech moguls. However for a region of enormous wealth and influence, the innovation out of Europe lags sharply behind that of the US and China. Maybe it's the people my feed shows me, but Europe seems to be concerned more about regulation than innovation.

Tech moguls are a possible byproduct of a strong tech industry, but who cares? They probably won't be as cnuty as their counterparts on this side of the pond
 
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No. Not at all. We need more tech companies though.
 
No. Not at all. We need more tech companies though.

What's the incentive for these companies to remain here if they can't hit the profit heights elsewhere though? Europe's innovators are likely homed elsewhere.
 
What's the incentive for these companies to remain here if they can't hit the profit heights elsewhere though? Europe's innovators are likely homed elsewhere.
The same as it is for companies in basically every other sector. You write this as if there aren't any billionaires in Europe.
 
The same as it is for companies in basically every other sector. You write this as if there aren't any billionaires in Europe.

Well, there are but the vast majority are from old families, well established companies, and funds.

Europe has had excellent advances in climate techs but sadly that's an issue that seems to matter less and less to investors and politicians outside of Europe. Europe can't pursue that alone.

I think there does need to be moves to encourage greater innovation in Europe across sectors, and a part of encouraging that will be addressing the issue of bridging the gap between R&D to commercial success. That's one of the big issue impacting companies and new tech in the UK. Ensuring less regulation and quicker profits is really the only way to encourage that. You'll be less reliant on US mammoth multinationals that way too.
 
Respect your answers. I am not sure the European governments have the steadfastness to stand up to these tech giants, and the backing they get from the US government, which is only more likely to grow in terms of economic pressure with DT getting in there.

I want more diversity, more entrants, less monopolies. Not sure how to get there. Ut two wrongs do not indeed make a right here.
 
Respect your answers. I am not sure the European governments have the steadfastness to stand up to these tech giants, and the backing they get from the US government, which is only more likely to grow in terms of economic pressure with DT getting in there.

I want more diversity, more entrants, less monopolies. Not sure how to get there. Ut two wrongs do not indeed make a right here.

What backing? :confused:
 
more tech-bros with corrupt power is not the answer

building a society whereby they can't do so much damage is the answer right

surely everyone agrees with that?

given that seems impossible at the moment and the way things are heading geopolitically, I'd say Europe would be better served by building a military to protect itself - although having both would certainly help in am "us vs them" scenario

as soon as trump/musk start gunning for europe (you could argue they already have) we don't have a whole lot to protect ourselves from that, other than the bargaining power of our trading block
 
I don't think Europe needs more tech moguls. However for a region of enormous wealth and influence, the innovation out of Europe lags sharply behind that of the US and China. Maybe it's the people my feed shows me, but Europe seems to be concerned more about regulation than innovation.

Tech moguls are a possible byproduct of a strong tech industry, but who cares? They probably won't be as cnuty as their counterparts on this side of the pond
We don't want to innovate we want to sit outside bars in the sun looking at beautiful people