Google’s $6B Miscalculation on the EU
If you look at what has happened in China after Google left, how they were able to quickly grow massive web companies, protectionism seems like a no-brainer for every slightly advanced country. Silicon Valley sees the huge first-mover advantages and is moving as fast as possible to move into every liberalized market. But it makes no sense for a country to allow Silicon Valley to take these industries for themselves. This is the fastest growing industry for the next several decades with the best paying jobs. It only makes sense to nurture the local companies and local talent instead of giving it all away to the Americans. Europe is always fretting about how they need to create their own Silicon Valley but it's easy to do, kick out the Americans! You'll have your own Baidu, Tencent and Alibabas in no time.