bobl
I didn't, that is another story. I am saying that they had an easier time than they should have competing with and acquiring any European competition by effectively having a ~30% advantage and discount.
> They were big domestically. They were even significant internationally. Just not nearly enough to match US companies.
They all except Spotify got acquired before they could potentially become big companies. If you want to have large companies with thousands of employees in Europe they have to survive as domestic companies. Spotify had potential to become one, but at that point the Stockholm housing market was already in a bubble. https://www.ft.com/content/bdf04bc2-6a0f-11e6-a0b1-d87a9fea0...
Though the real lack of conversion isn't in one specific thing, it is that Europe (and probably much of the world for that matter) can't offer people good opportunities. I hope I am too gloomy. It is just a hard argument to make that in terms of life prospects it wasn't better to be young ten years ago than it is today in many places.
If people believe that someone else won't come and eat their lunch over that I think they are wrong. As I alluded to in another comment, Europe probably lost at least half of the tech industry it could have had if it wasn't for capital going into things like rents.
I people were expecting things to get better they wouldn't essentially hold back growth. We would see new rapid affordable development because not doing that would be losing out. But I don't see countries being concerned about that. They are perfectly happy taking decades building things and going over budget. They let mortgages double or triple, so everyone who came before win at the expense of those coming after. They sell companies with valuable technology are to foreign interests.
So I don't really understand how someone e.g. would end up working less when they have twice the mortgage than their parents and the companies they work for are owned foreign investors who wouldn't mind moving activities abroad at any point.
And to that point almost all major successful companies are vertically integrating today, because with information being accessible there isn't much reason not to control your own activities. Yet, most European countries are doing the opposite. Outsourcing their main activities to complex constellations.
This might not be the best example, but take cars. A country like the US would build a interstate highway system, probably subsidize car manufacturing and go on to create a huge factor of progress for decades to come. You have successfully converted technological progress into a meaningful factor for society. While in a less developed country only the rich will have cars and roads will be broken. Of course these days that era is coming to an end.
The same is true for other things that are progressing. Yet, in few to no European countries would you expect that the fundamentals of the information age like education, health care, housing, infrastructure and work environment will get better and more accessible in the next ten years. At least not organically i.e. without a crash.
What you can say in most countries is that education is getting more competitive, health care more complex, housing less accessible, infrastructure more expensive and work environment less comfortable. This is people fighting each other trying to get whatever there is, not somewhere where people are preparing for the future as societies.
So the only conclusion I can make, while it certainly might not be the correct one, is that Europe is losing. Because if Europe was winning we would be investing in the future and getting it better. Unless we are just hopelessly arrogant, which doesn't bode well either.
These rules came into effect the last year or so, the "battle" for the tech industry was fought ten to twenty years ago. US companies all have had a huge advantage "only" being under the (at the time very criticized) DMCA while European companies had to abide by local laws, often in multiple jurisdictions. Large US companies also avoided paying the same taxes European companies had to, amassing large reserves for acquisitions of any successful European companies.
That Europe can't produce technology companies is false, at least to the same extent that applies to the US. They just either got outmaneuvered by large US entities, got acquired or ended up limited in their growth by things like housing. If you look at e.g. Sweden you have MySQL (eventually acquired by Oracle), Skype (eventually acquired by Microsoft), Minecraft (acquired by Microsoft), Spotify (public with many offices). Any of these companies could have been really big domestically, if it wasn't for it being hard to grow and easy to get bought.
These rules, whether you agree with them or not, should have been there 20 years ago so everyone had to play by the same rules.
And while you can point to specific examples, like startups, that are successful in Europe it is mostly an illustration of how much we are leaving on the table.
1. Property owner do not want to see their quite significant loans, or investments, decrease in value. 2. Renters do not want to get priced out of the city, having to leave a good job and move their kids away from their friends.
In addition to that while seemingly intuitive in practice building doesn't seem to decrease costs. Presumably because:
3. Land owners and construction companies want to make as much money as possible.
Unless you can override these three groups, or get them to agree, it is a social issue and building more will make things worse. Look at the record from essentially every city that has been building. If just building more worked there would be good examples and the far majority isn't.
If you can find your way it isn't bad, but I wouldn't put Sweden above places Switzerland or The Netherlands these day in terms of a good deal. Which I would have five to ten years ago.
https://www.thelocal.se/20180112/swedish-contraception-app-r...
But if anyone know of a city in Sweden with accessible good living conditions and decent opportunities I would of course be happy to hear about it.
* Finland has one of the best school systems in the world. Sweden one of the most deregulated and is average in PISA rankings.
* Finland is one of the few western countries to build a new nuclear power plant. Sweden is set to instead use taxes to deal with climate change while the price of electricity is the highest in a decade.
* While this library was being built they have been arguing about building the privately funded Nobel Center in Stockholm for years.
Finland is also able to take decisions such as working against smoking. This is one of those "nanny state" public health things Nordic countries are known for. In Sweden there are half a dozen commercials for online casinos every commercial break on TV, on billboards and in all the online newspapers.
I can see why especially Stockholm would be alluring, but if you look at the housing market (or outside of Stockholm) it isn't as fun anymore.
'Oodi “fits very well into the Nordic story of how societies work,” Mr. Laitio said. “There are so few of us here, so we have to make sure everyone can develop to their fullest potential.”'
A perspective increasingly lost in Sweden.
1. The same county awarded contracts for building a hospital were the cost ended up quadrupling to $6 billion more than initially expected. (They got reelected). https://www.thelocal.se/20180207/finance-minister-calls-for-...
2. There was a well publicized scandal a little more than a year ago were aggressive outsourcing ended up potentially exposing classified data. (Some politicians did have to quit, but only for handling situation poorly after the fact). https://www.thelocal.se/20170721/it-workers-in-other-countri...
3. "Sweden has had a quicker liberalisation than any other advanced economy in the world, in terms of privatisation and deregulation" https://www.thelocal.se/20120324/39864
4. Yet, "They were shocked to find that there is very little evaluation of the effects of the privatisation on Swedish society" https://www.thelocal.se/20110907/36006
5. And maybe the most glaring example of dysfunction, the housing market. https://www.telegraph.co.uk/personal-banking/mortgages/swede... https://www.thelocal.se/20170518/housing-crisis-forces-recor... https://www.thelocal.se/20170828/the-story-of-swedens-housin...
There just isn't much of an expectation of control, or that issues will be dealt with, these days in Sweden. It is unlikely that there would be any meaningful change in this situation either. Any effective change will be off the table and they will continue to outsource without much oversight because that is the agenda. Which is largely what has happened in other areas.
Sweden was never perfect, but some of its reputation as a functional country is not unfounded. Today we have many systems we know aren't working, yet little is being done. I have even heard Swedish political analysts being dumbfounded that some political issues were there are obvious flaws, and should be something that matters to people, don't show in the polls. I guess it might have to do with the political landscape, were there are a large number of people that very likely are dissatisfied. It just doesn't, because of the polarized situation, result in change. Instead it results in whatever is less objectionable, which is mostly whatever made the situation bad in the first place.
Anyway. I hope this incident get some more attention in Swedish media.
https://www.voiceintegrate.com/se/support/vi-som-jobbar-h%C3...
It isn't really something hidden. In fact I would say that the whole idea is well supported by a significant part of voters who do not want government to do things, nor have restrictions on companies. If we limit the scope to just politics, Stockholm County had probably the most prominent scandal in the last couple of decades with Nya Karolinska, yet essentially lost no voters in the last election.
It is easy to blame politicians, the government or even companies. But at the end of the day there aren't enough people requesting quality or responsibility.
[0] https://www.medhelp.se/outsourcad-1177-tjänst-är-effektivast [1] http://www.medicall.nu/hem-1.aspx [2] https://www.voiceintegrate.com/se https://www.applion.se/