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Wrackandruin t1_j2u7wta wrote

Reply to comment by LordBrandon in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

The last time the EU was larger the US in GDP was 2011, most of the past 40 years US has been bigger. The EU has many smaller firms by comparison, although some monsters like Airbus and BASF SE.

Fun fact, the US used to be around 40% of world GDP in the 60s. Now it is 20% or so. That is one of the largest and fastest declines in relative GDP in history. You know when people say california is the Xth largest economy in the World? Well, you had many more states in the 60s with that claim....

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LordBrandon t1_j2uc877 wrote

Apple was started in a garadge.

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Wrackandruin t1_j2uihln wrote

BASF was founded by a guy who helped install gas lights in a small town.

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