alt Hacker NewsAccess to capital, mostly. The US has always been willing to grant hefty amounts of taxpayer money to startups, something culturally foreign to Germany (startups are risky, Germans don't want taxpayer money to be spent on risky adventures that might bring losses) and the US also has dozens of billions of dollars a month in 401k pension savings making their way into the asset markets.
And China, well, it's a dictatorship with effectively unlimited foreign currency reserves. They can do whatever they want.
Replies
>Access to capital, mostly.
German auto makers were wealthier than the US auto makers. Germany's GDP is now third in the world. There is capital.
>Germans don't want taxpayer money to be spent on risky adventures
But they wanted it to be spent on Russian gas pipelines, foreign aid, anti nuclear activism, and in the pockets of politically connected multinationals like T-systems to build another "government digitalization project" while their internet speed lacks behind developing nations?
>that might bring losses
If they hate losses, why do they keep losing? Germany decline in past 15 years seems like its a self fulfilling prophecy. The more risk averse they are to avoid change or losses, the more they keep losing to economies who embraced change, disruption and risk.
> The US has always been willing to grant hefty amounts of taxpayer money to startups
Care to elaborate? I was under impression that absolute majority of startups in US are fully funded by a (private) venture capital. There are (were?) some exceptions like tax reductions on "green" projects, but they were not restricted to startups/small companies in any way.