US And Europe Not Competing Economically
from the let's-be-friends dept
There's been some recent debate about whether Europe or the United States will be a home to more innovation in the future. The discussion isn't unlike those about China and the US, which pit them as competing economies. But in a period of globalization, are these discussions relevant? European citizens can benefit from US innovation as easily as US citizens can, and vice versa. American investors can invest their money into European startups with little extra cost, if they don't like their opportunities locally. While it's easy to talk about countries the same way we talk about companies (e.g. Google vs. Microsoft), it doesn't make much sense when capital, ideas, and companies freely transcend national borders.