Fair point, ASML is a linchpin in the global economy, and very much a European company. But Europe has a population larger than USA, shouldn't they at least be close to us in leading edge companies? They invented the Industrial Revolution.

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philistine an hour ago | parent | next [-]

Europe manages to give a measurably better lifestyle for more people for less money than the US. Europe’s a success.

	▲	iririririr 16 minutes ago \| parent [-]
		yeah, but what are they doing for the poor billionaires who depend on infinite growth, uh?

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throw__away7391 an hour ago | parent | prev | next [-]

It appears to me that in most of Europe there is an unspoken bargain: society provides you with a reasonably comfortable and secure life where your basic needs are guaranteed at least to some level, and in exchange you are supposed to stay in your lane, make sure your ambitions match and follow one of the approved tracks, and leave things like starting businesses to a hidden aristocracy with family money, who for their part generally accept higher demands on their contributions and avoid "vulgar" displays of their wealth in exchange.

	▲	phist_mcgee 29 minutes ago \| parent [-]
		Eh, better than the capitalist dystopia that is the US in the 21st century.

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andsoitis an hour ago | parent | prev [-]

> But Europe has a population larger than USA, shouldn't they at least be close to us in leading edge companies?

An economy is there for the people. If that larger number of people have a higher quality of life than in the US, aren't they wealthier?

And if they do it for less money, aren't they wiser?

> They invented the Industrial Revolution.

And a lot more, my friend! You're welcome.

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majormajor an hour ago | parent [-]

> An economy is there for the people. If that larger number of people have a higher quality of life than in the US, aren't they wealthier?

It's a little unclear how it shakes out there.

I've met a number of young western Europeans while traveling there who are jealous of the ability of Americans to afford cross-ocean/different-continent multi-week trips to tier-1-hotel-cost cities, while feeling like it's more out of reach to them to find a job that would let them. (Phrasing edited here because, as a reply pointed out, "international" travel in Europe is easy and common due to proximity.)

On the flip side, those people also enjoy having much more time off. But hey, at least American isn't as 996'd as China yet?

There's no single linear "better" scale.

(There are, of course, many Americans without the means to travel to Europe or Asia themselves, who could give two shits about an "innovative" company being based in the US vs anywhere else since it doesn't seem to be helping them personally, but the overall mobility is still higher for now. But that's more due to the age of the country than anything else. History suggests that as low-hanging-fruit continues to close the US will also get more and more of that social stagnation too. It's easier to become upper class when you go to a place without an upper class yet.)

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andsoitis an hour ago | parent [-]

> I've met a number of young western Europeans while traveling there who are jealous of the ability of Americans to afford that travel, while feeling like it's more out of reach to them to find a job that would let them.

The statistics tell a story different from those anecdotes: young Europeans are considerably more internationally traveled than young Americans, probably by something approaching a factor of ~2 in the likelihood of crossing national borders in a given year. But they're not necessarily twice as geographically well-traveled. Much of the difference is due to Europe's small countries, open borders, dense transportation network, and cheap short-haul international travel.

Look up what percentage of Americans between 25 - 34 have never traveled outside their own country, vs. Europeans in western or Northern European countries.

etc.

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rietta 34 minutes ago | parent | next [-]

I had this exact conversation with a barber on the UPC campus in Barcelona in 2005 (if my memory is right). My reply to his assertion was to ask if he ever considered how large US states are compared to EU countries. People do travel within the USA alone and with their families all the time. Just this week mine crossed three states for a beach vacation and the returned home. International travel is not unheard of but not the same distance scale. If I recall he said something like he had not thought of it that way. I do not recall if we were talking in Spanish or English anymore after 21 years.

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majormajor 42 minutes ago | parent | prev [-]

> The statistics tell a story different from those anecdotes: young Europeans are considerably more internationally traveled than young Americans, probably by something approaching a factor of ~2 in the likelihood of crossing national borders in a given year. But they're not necessarily twice as geographically well-traveled. Much of the difference is due to Europe's small countries, open borders, dense transportation network, and cheap short-haul international travel.

Means and using those means for any given particular end are entirely different things. It's hardly surprising that Americans are generally insular and uninterested in non-American things. (This is not a good thing IMO. But it's a thing.)

But more importantly, like you say, "interntional travel" in Europe includes, say, "going to the UK from France" vs the overseas 5-to-10hr+ flights that are required to cross the Atlantic to have these conversations in my anecdotes.

That's my bad for saying "international" instead of "cross-ocean" or such. So let me clarify that the jealousy here is being able to pay for flights and hotels to spend 2+ weeks across an ocean in cities with $100-or-equiv-per-night-to-$300+-per-night hotel costs. They didn't think they'd ever be able to afford a similar trip to SF or NY.

---

The non-anecodotal version of this story would likely be the rise in social-acceptance and popularity of the more right-wing parties in Europe. A lot of people, younger especially, feel like they're getting left behind and aren't interested in mostly-older or born-into-more-money people's generic remarks about how it's still great overall for them.

K-shaped economies + "stay in your lane" are how you get Trumps :(

	▲	andsoitis 32 minutes ago \| parent [-]
		We're on the same page. Yes, young Americans are more likely than young Europeans to have traveled intercontinentally / across the ocean.