I'm absolutely sure the Anantksundaram person is simply trying to make an emotional statement. Societies with specialised industries serve the world and meanwhile receive other products from other parts of the world. We must strive to improve cooperation with each other and not segregate ourselves from each other as there is really no benefit.
That is a very valid point. Silicon Valley for IT, Singapore for financial services, Germany for cars,.... But there is a political dimension to it, and like it or (most likely) not, then Brussels is the Silicon Valley of global political standards. It used to be US pushing the standards through UN and WTO. Those days are over.
Microsoft has 17 lobbyists in Brussels, Facebook has 20, Google 16, IBM around 50, while Apple is at 7, which is comparable to Boeing at 9. The AI expert group in EU has IBM and Google as members. Those companies get it.
Microsoft has 17 lobbyists in Brussels, Facebook has 20, Google 16, IBM around 50, while Apple is at 7, which is comparable to Boeing at 9. The AI expert group in EU has IBM and Google as members. Those companies get it.
A corporatist world indeed. Use regulation to smother smaller competitors and new entrants to the market the corporates currently dominate. Enjoy reduced competition through regulation. Big corporate has the scale to fill in all the paperwork and comply while the little guy...doesn’t. Big Government and Big Corporations, no doubt with Big Union all in a happy little triumvirate. What you see as a feature I see as teetering on corruption. noble cause corruption.
First of all, Anantksundaram ... Germany has SAP, no small fry. And secondly, I believe this is a good thing for Apple as it will be all about the things Apple values anyway ...
And without ASML (Holland), TSMC would not have the capacity to pump out its processors. Luckily, the EU is not the Wild West.
And Airbus, without which there would be no alternative to Boeing; Siemens and Alstom for their high speed trains, rail infrastructure and power grid components, ThyssenKrupp for their heavy industry solutions, Bayer for their healthcare products, BASF for important chemicals needed in production of technologically advanced compounds, Thales Group for their exceedingly secure computing devices used almost exclusively in enterprise environments to accelerate encrypted communication, .... I could continue endlessly.
I'm absolutely sure the Anantksundaram person is simply trying to make an emotional statement. Societies with specialised industries serve the world and meanwhile receive other products from other parts of the world. We must strive to improve cooperation with each other and not segregate ourselves from each other as there is really no benefit.
I regret the UK choice to leave the EU and I dearly hope that other legislators do not fall for the short-term popularity of such movements that has such a powerful effect...
You do realize the example you pointed out are more of B2B than B2C, government tend to only worry about B2C company since the C is the part who put the government people in power. Yes their are some very good EU company who know how to compete but they are not competing at the consumer level. Yes Siemens makes some products direct at consumers but they are typically German over engineer expensive.
Airbus should be left out of this group since they are highly subsidized by the EU governments, if they had to compete without the support of government the company would look differently and most likely may not be able to compete with Boeing. I would concede Boeing does get US government support from all the military contracts, those contract allow Boeing to innovate things they may not have done if the private sectors was paying and those tech show up in commercial airlines.
You make a point "Societies with specialized industries serve the world" this is true but governments do not like this, it tend to put people out of jobs they have been doing for a long time and people who are in government living off taxes would loose their pay check if people do not vote them back in. If you let market decide where it is best to make something we would not have cars made in every country, you would not have farming in every country and the list would go on. Some place do things far more efficient than other places and the less efficient places should stop what they are doing and let the more efficient place go forward since we would all pay less.
Most of the comments above seem to ignore that European attitudes toward the role and responsibility of the state to protect its citizens and their rights are different from North America. Getting over 25 nation states to collaborate isn’t easy and it’s clear this announcement is just a starting point, but who else is going to work towards a digital society that values people over corporations?
First of all, Anantksundaram ... Germany has SAP, no small fry. And secondly, I believe this is a good thing for Apple as it will be all about the things Apple values anyway ...
And without ASML (Holland), TSMC would not have the capacity to pump out its processors. Luckily, the EU is not the Wild West.
And Airbus, without which there would be no alternative to Boeing; Siemens and Alstom for their high speed trains, rail infrastructure and power grid components, ThyssenKrupp for their heavy industry solutions, Bayer for their healthcare products, BASF for important chemicals needed in production of technologically advanced compounds, Thales Group for their exceedingly secure computing devices used almost exclusively in enterprise environments to accelerate encrypted communication, .... I could continue endlessly.
I'm absolutely sure the Anantksundaram person is simply trying to make an emotional statement. Societies with specialised industries serve the world and meanwhile receive other products from other parts of the world. We must strive to improve cooperation with each other and not segregate ourselves from each other as there is really no benefit.
I regret the UK choice to leave the EU and I dearly hope that other legislators do not fall for the short-term popularity of such movements that has such a powerful effect...
...
Yes their are some very good EU company who know how to compete but they are not competing at the consumer level. Yes Siemens makes some products direct at consumers but they are typically German over engineer expensive.
...
Siemens is really part of BSH Hausgeräte GmbH which comprises of around 50 companies which cater to all levels of the home appliances market. In Spain for example Siemens (for home appliances) is considered the top end BSH brand (along with Neff and Gaggenau), followed by Bosch and then Balay at the lower end. In Spain all three brands manufacture at a factory in Zaragoza and share many components. Obviously the Balay products will have less bells and whistles. It is like Seat and Audi share components under Volkswagen.
Then there are other companies with home appliance brands for all budgets (Electrolux, Philips) along with high end brands like Miele, Liebherr etc). Electrolux is the world's second largest home appliance company. Liebherr of course is a monstrously varied company. In reality Miele refrigeration uses Liebherr technology.
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Microsoft has 17 lobbyists in Brussels, Facebook has 20, Google 16, IBM around 50, while Apple is at 7, which is comparable to Boeing at 9. The AI expert group in EU has IBM and Google as members. Those companies get it.
noble cause corruption.
The third piece that wasn't mentioned in the video but is part of the package is EU hardware.
The 20 billion euros per year which will fund AI and Cloud services will also fund the European Processor Initiative based on Open Hardware.
https://www.european-processor-initiative.eu/
Airbus should be left out of this group since they are highly subsidized by the EU governments, if they had to compete without the support of government the company would look differently and most likely may not be able to compete with Boeing. I would concede Boeing does get US government support from all the military contracts, those contract allow Boeing to innovate things they may not have done if the private sectors was paying and those tech show up in commercial airlines.
You make a point "Societies with specialized industries serve the world" this is true but governments do not like this, it tend to put people out of jobs they have been doing for a long time and people who are in government living off taxes would loose their pay check if people do not vote them back in. If you let market decide where it is best to make something we would not have cars made in every country, you would not have farming in every country and the list would go on. Some place do things far more efficient than other places and the less efficient places should stop what they are doing and let the more efficient place go forward since we would all pay less.
Siemens is really part of BSH Hausgeräte GmbH which comprises of around 50 companies which cater to all levels of the home appliances market. In Spain for example Siemens (for home appliances) is considered the top end BSH brand (along with Neff and Gaggenau), followed by Bosch and then Balay at the lower end. In Spain all three brands manufacture at a factory in Zaragoza and share many components. Obviously the Balay products will have less bells and whistles. It is like Seat and Audi share components under Volkswagen.
Then there are other companies with home appliance brands for all budgets (Electrolux, Philips) along with high end brands like Miele, Liebherr etc). Electrolux is the world's second largest home appliance company. Liebherr of course is a monstrously varied company. In reality Miele refrigeration uses Liebherr technology.
Besides, we own chunks of those companies through our investments banks and funds