25 years ago each major US company had a German and/or French equivalent. Today equivalents of US tech giants are in China and Europe is on its way to become an open-air museum. What happened?

3 comments

1. Multiple reasons. Risk taking, debt, and cheap labor are some of the factors.

2. What exactly do you mean? Are you taking about stock market performance? There are still many major European companies which play an important role world-wide, but their stock market performance is generally worse than US companies.

3. There is no European equivalent to Amazon, Twitter or Facebook. Interesting question: did the quality of life in the US become much better than in Germany or France? Life expectancy: France 83, Germany 81, US 79.