Agreed. I like the spirit of Switzerland’s “public money, public code” initiative. If they could do that for infrastructure, that’d be awesome.
Comment on Cory Doctorow proposes how to break free from US digital domination
smeg@infosec.pub 4 days ago
EU tech companies keep letting themselves be sold to US tech companies, or re-HQing to America.
Capitalism can’t solve problems created by capitalism. The largest companies will always gobble up the competition, eliminating the alternatives.
Quexotic@infosec.pub 4 days ago
zaphod@sopuli.xyz 4 days ago
Moving HQ to murica is usually done because of venture capitalists having it as a requirement for funding. If EU based startups want to be successful without it they require either funding from european VCs or figure out how to do compete without VC money.
FishFace@lemmy.world 4 days ago
Competition and markets authorities are empowered to block acquisitions and it’s often high profile when it’s done due to an unfriendly power like china trying to do it. The USA is now a more aggressive power than china so acquisitions by US companies ought to be blocked by default.
This may mean less money flows from the US into the European acquired companies, but tough shit, this is too important.
We need to realise that the status quo is not what we had two years ago, because Trump changed it. He’s making the whole world poorer, and we can choose whether that poverty affects us monetarily (because we need to put money into replacing US tech) or more fundamentally - e.g. if he uses dependence on US tech to exert political control over European nations.
plyth@feddit.org 4 days ago
We need to realise that the status quo is what we had two years ago!