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> The EU has zero tech companies that rival FAANG et al here in the US. Zero. Because of it's (well-intentioned but harmful) business regulations.

Not really, it's because the EU has 28 sets of business regulations, those of the 27 members states and of the EU itself. The single market is not yet all that single, especially when it comes to digital services. The now abandoned project of the ever closer union wasn't some idealistic bs, it was the plan to gradually fix this.



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