China is especially good as an example because it shows that most tech companies can be made to bend to their regulatory whim. Europe is hesitant in that regard for fear of getting left behind. China shows that this fear is mostly unfounded.
And in cases where Western companies don't want to invest in China due to their regulations, local alternatives seem to quickly pick up the slack and over time even become better than their Western counterparts (at least in certain aspects). Just look at all those Chat+Payment things over there.
> Europe is hesitant in that regard for fear of getting left behind. China shows that this fear is mostly unfounded.
It's hard to transplant the Chinese experience elsewhere. Not only due to Europe's current far greater dependence on American software and cloud providers, but also due to China's far larger pool of technical expertise, likely resulting from many decades of heavy emphasis on math and science education, together with far greater social and monetary rewards. I doubt that European politicians or their electorates have the patience for a big turnaround that may not start to pay off for several decades or even generations.
Thankfully, we have parts of the ex soviet bloc that had the same heavy emphasis on math and science. You wouldn't believe the number of Romanian software engs I've worked with.
China is especially good as an example because it shows that most tech companies can be made to bend to their regulatory whim. Europe is hesitant in that regard for fear of getting left behind. China shows that this fear is mostly unfounded.
And in cases where Western companies don't want to invest in China due to their regulations, local alternatives seem to quickly pick up the slack and over time even become better than their Western counterparts (at least in certain aspects). Just look at all those Chat+Payment things over there.
> Europe is hesitant in that regard for fear of getting left behind. China shows that this fear is mostly unfounded.
It's hard to transplant the Chinese experience elsewhere. Not only due to Europe's current far greater dependence on American software and cloud providers, but also due to China's far larger pool of technical expertise, likely resulting from many decades of heavy emphasis on math and science education, together with far greater social and monetary rewards. I doubt that European politicians or their electorates have the patience for a big turnaround that may not start to pay off for several decades or even generations.
Thankfully, we have parts of the ex soviet bloc that had the same heavy emphasis on math and science. You wouldn't believe the number of Romanian software engs I've worked with.
So far we thought the though guy on the school playground would always be on the same team, now it doesn't feel like it will ever be the case again.
Yup, it's a win-win.
You either bend a foreign company to your will or you get to build a local champion.