Airbus Of The Web Would Be Just As Bad As Airbus Of The Air
from the how-about-a-boeing-of-the-web dept
If you’ve been following the aviation industry, you know that European aerospace giant Airbus has been beset with problems lately. The state-supported company has seen its manufacturing problems exacerbated by the political interests behind it. So it’s bizarre that Christoph Mohn, head of Lycos Europe, believes that Europe must create an Airbus of the web, to compete with the American internet giants. His concern that Europe has yet to produce a global internet brand may be reasonable, but the idea that a state-backed company would be best to do battle against Google and Yahoo is misguided. Already, an existing plan to prop up the industry, with a project called Quaero, looks like a boondoggle intended to divert public funds to private companies. Furthermore, a state-funded internet company will likely discourage competition and damage the domestic industry. If there’s an underlying cause for the lack of a European internet success, then that should be addressed. But trying to replicate a failed model for building a business or an industry clearly looks like a mistake.