Re:Cash, Canadians and CPUs: Intel's 'Lost' Early Microproce...
by cbsmith on Tuesday October 18, 2022 @11:08PM
(#33257093)
I think it's tough to speak in generalizations about vast populations. There's certainly very wealthy people & families in all the major economies, but European countries have some of the highest scores for social mobility: https://en.wikipedia.org/wiki/Global_Social_Mobility_Index
That's also true for Europe.
If you look at the top companies in Europe, most are 50 to 100 years old, with a sensible portion of their stake still in the hands of the family of the founders. HMLV, Nestle, Porsche, etc. you name it.
Any new innovative company gets immediately bought by US or Chinese money as the local money is too busy speculating on real estate.