Yes, but how is Europe monetizing those things? Just because something was invented here is irrelevant if people can't use it to pay rent or create new well paying jobs.

Europe _has_ monetized these thing, through open source companies like MySQL and QT. But even if it hadn't they're still a net positive for society.

Creating jobs isn't monetizing. It's the opposite, it's SPENDING money. People as a rule paying rent more easily and having better paying jobs is what the EU looks like. The scale factor of US mega-companies is about heightened efficiencies of scale making the companies not HAVE to 'create as many jobs' as a hundred smaller companies would have to create. You've got it all backwards as far as how the giant US companies are competing.

You DO NOT compete by paying more to the workers and having more workers than the competition. EU is doing the things you say are good, and that's why they are not competing as well with the giant US firms.

So doing good is a bad thing now? Not the whole world follows the US approach where only making money seems to count. Luckily.

They are produced in Europe (Bosch, STM, Infineon etc.. have way more factories in Europe then outside it) and pay taxes there.

Intel, Nvidia, AMD and Apple M1 chips are (mostly) not made in the US but they generate more revenue for the US tech sector as they're high-margin products and their US based designers extract most of the value from their sales with Asian based manufacturers TSMC and Samsung being next in the food chain and quite recently announced building new cutting edge fabs in the US, instead of Europe. That should tell you something.

Europe making high volume low margin chips is not bad (especially in the current shortage) but is not the best position in the market you'd want to be in, especially long term with China hot on your heels. Just ask any business analyst.

Intel chips are made in the US.