Only if you want to be a sticker and take things literally while deliberately ignoring the context to score a cheap shot gothca, then sure, it then means without.
> Leading and most advanced airplane manufacturer European (Airbus)?
Because of government intervention, and moat of a highly regulated and expensive to enter industry that keeps new players out. Why is SpaceX ahead of EU aerospace companies?
>Why is the leading music streaming provider Swedish (Spotify)?
Spotify wasn't even profitable until recently and only made it where it is today, due to to massive capital investments form the US, not from EU investors.
>Why are there so many fintechs which are a decade ahead of US counterparts
Are they also ahead in earnings/profits too? Because you fund welfare with taxes on profits and on wages. You can't tax innovations that bring you no money.
That's where
While you keep blabbering on about Airbus, Monzo and Spotify , have a look at the top 100 companies in the world by market cap and see how many are from the EU and how many from the US and that's case closed. AIrbus, Spotify, etc are the rare exceptions, not the norm for Europe.
“A system of non-competition clauses enforced by the European Space Agency’s (ESA) workforce suppliers is allegedly trapping aerospace professionals who work at ESA’s facilities across Europe in a professional dead-end street” [1].
Europe is absolutely riddled with this crap, and it tends to come top down from the EU.
Well, not many viable orbitial launch sectors in continental Europe - that by itself is already a blocker. :P And arguably USA was also quite lucky to end up with SpaceX, given how many traditionalists in the industry were so full of "this can't be done!". :P
Only if you want to be a sticker and take things literally while deliberately ignoring the context to score a cheap shot gothca, then sure, it then means without.
> Leading and most advanced airplane manufacturer European (Airbus)?
Because of government intervention, and moat of a highly regulated and expensive to enter industry that keeps new players out. Why is SpaceX ahead of EU aerospace companies?
>Why is the leading music streaming provider Swedish (Spotify)?
Spotify wasn't even profitable until recently and only made it where it is today, due to to massive capital investments form the US, not from EU investors.
>Why are there so many fintechs which are a decade ahead of US counterparts
Are they also ahead in earnings/profits too? Because you fund welfare with taxes on profits and on wages. You can't tax innovations that bring you no money.
That's where While you keep blabbering on about Airbus, Monzo and Spotify , have a look at the top 100 companies in the world by market cap and see how many are from the EU and how many from the US and that's case closed. AIrbus, Spotify, etc are the rare exceptions, not the norm for Europe.