Europe's Missing Tech Titans: Regulation, Innovation, and Power

Critics argue that Europe's over-regulation, red tape, and high taxes stifle the creation of trillion-dollar companies like Amazon, Google, or Tesla. However, Europe's lack extends beyond mere size. The continent also lacks the powerful tech oligarchs who control these behemoths, whose influence often surpasses reality. There are no European equivalents of tech executives wielding vast political influence, or boasting on social media about abusing state resources. While European unicorns are scarce and innovation lags, this absence may also signal a different approach, avoiding some of the negative consequences associated with unchecked tech power.