And of course, there is a brain drain of the very best that come to the USA from any place that doesn't fairly compensate. I'm all for these unfair compensation schemes because I want the best and brightest to come to the USA.

Well, that doesn’t happen, though, especially in hardware – the US excels in software development, but especially in classical engineering and more hardware-focused engineering, it’s a lot behind.

Yes, in terms of car design, Germany and Italy are tops, in terms of industrial machinery, (mechanical printing, cloth), the Germans.

But I used to work as a VLSI (computer chip) designer and in that area USA (Silicon Valley) and Israel are tops. After Silicon Valley, Israel has the most computer chip designers in the world, about 20,000. Intel employs 10,000 Israelis in two design centers and two fabs. One of the fabs is a 22 nm node being upgrade to the 10 nm node. It was the Israelis that were in charge of mobile and instigated Intel's change of higher performance from lower clock rates.

Apple looked all over the world for its computer chip design center and chose Israel where it now employs 700 and hiring more. Tim Cook was there in February dedicating a new building. His VP in charge of hardware/computer chip design is an Arab Israeli who has his BS and Masters degrees from Technion, the MIT of Israel.

One of the professors at my university, after he worked as one of the leading ALU designers at intel for some years, founded a company focused on general purpose computing extension cards for PCs, which he later sold, and made a fortune with – all of that outside of Germany. He only came back when he lost his money (which he invested) during the dotCom crash. Now he’s teaching here, and one of our best professors in chip design and digital engineering.

As you said, a lot of the stuff happens outside of europe currently, but that’s also due to extreme electricity prices.