This competition is the solution, not the problem. Europe is what's left of western society after the US have completely lost it. My humble opinions, ofc.
I can agree in some ways but the issue remains (as an European) that our collective economies don't really grow anymore.
So there might be more competition, but it's either marginal, or it's to weak to compete with other international companies (like the once in China for example).
Why do they need to grow? Unlimited growth is normally classified as cancer. The only real need for growth is because of unsustainable economic practice.
Europe has been "stagnating" at about ~80% of American productivity levels for decades now. However, if your reference is growing and your ratio is roughly constant, that means you are growing too.
I don't mean compared to the US but in absolute GDP numbers.
States are more in more in debt and what was once a great social system in most EU countries is slowly moving to privatisation and higher costs like the US.
We’ve seen a massive consolidation in hosting, domain, collocation and even B2B access providers in Germany. Some were sold to US companies, others are purchased and now owned by private equity companies. They are now centralized and based of existing revenue streams. Managed services are getting consolidated to reduce infra overhead but no new intellectual property or regionally optimized/local services are provided.
