High and low. The US has a much higher wage inequality than Europe

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Stories about them paying no tax usually come from a misinterpretation of the data. Especially compared to other countries on this chart, the US companies would have a significant tax burden, especially since the US taxes global income

This is true. Particularly explains why China is this low -

>Of the 130 Chinese entities in the 2021 Fortune Global 500 ranking, 93 (71.5%) are unlisted, of which 75 are state-owned. By contrast, among the 130 largest non-Chinese companies in the same Fortune ranking, only 5 are unlisted - of which only one, the US Postal Service, is an SOE.

This is true. Particularly explains why China is this low -

>Of the 130 Chinese entities in the 2021 Fortune Global 500 ranking, 93 (71.5%) are unlisted, of which 75 are state-owned. By contrast, among the 130 largest non-Chinese companies in the same Fortune ranking, only 5 are unlisted - of which only one, the US Postal Service, is an SOE.

As a German born in Germany it's still very surprising sometimes. When looking for IT internships within my area I found so many companies whose names I've never heard that are global leaders with their products. Also every little small village (~5k population) has its own so called Industriegebiet (industry area) that houses lots of such businesses and their suppliers.

I wish this culture had transitioned into the digital age but except for SAP very few German IT companies got big this way.

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Yep…life’s beat us down. We don’t gaf anymore.

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New vibrant companies r typically started by young rich people

Europe is on average 15 years older than most Americans

Prudes

Prudes everywhere....

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The history of these Mittelstand are always like this too: some guy invented a very complicated product, so he found a firma to make that product, sometimes later his children took over and turned it to a global business. Their head office is always located in a village in a middle of nowhere but they have offices in a dozen countries.

As an Asian I'm always perplexed by these stories since in my country the cities are where all the people concentrated and all the business takes places, so it's a mystery how a company in such a remote area can have bigger outreach than most of the companies in my country. And still manage to create world-class products.

Japan was growing in the Tech sector until the Usa forced them to strangle their economy. 1 2 3

https://www.theatlantic.com/magazine/archive/1989/05/containing-japan/376337/

https://www.nytimes.com/1982/04/06/us/resentment-of-japanese-is-growing-poll-shows.html

https://www.nytimes.com/1985/07/28/magazine/the-danger-from-japan.html

https://www.latimes.com/archives/la-xpm-1987-03-28-mn-698-story.html

https://www.washingtonpost.com/archive/politics/1982/05/14/economic-invasion-by-japan-revives-worry-about-racism/d2b921df-556b-4652-a20b-9f3f6761e339/

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The secret of german economy is to be top of your craft in a special area. The middle sized companies have a big impact on the economy. Its different spirit compared to the big size companies in the US

Denmark is only there because of Lego..

im surprised Korea isnt higher on the list.

Sorry. That’s dumb. Why that clump of nations to make 14%? And why isn’t there an EU segment (which would make much more sense)?

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Fur and gambling are the only two that I see an issue with. In both cases it's less that individuals shouldn't engage in it and more that the industrialization of it is horrific and destructive.

I’m American, btw haha - unless you meant that more as a general statement towards a European. But yes, I agree completely, and I think the insecurity over realizing that they aren’t major players on the global stage like they used to be is what causes a lot of the lashing out, especially at the US. But that’s mostly their own fault. They have chosen to outsource their defense to the US, thinking they were so enlightened in doing so. When in reality, defense spending caused many of the tech gains and influence the US has today. Europe is going to further its decline into irrelevancy as Africa and east Asia continue to rise.

Why such a short time period? Seems pretty incomplete dataset if ask me.

I think this climate of independence is a legacy of Europe's geopolitical decline over the past 75 years. You went from controlling the whole globe (save North America) to small continental nation-states. European nations can no longer compete with the great powers - The US, India, China, Russia, etc. Quite frankly, you are the least geopolitically significant global region today. You're best off picking a side.