> EU must be really stupid to have the only open market then get ridiculed for not having "global" tech companies
I'm not sure how these are related. The EU has far less money than the US for speculative, big payoff investments, to my knowledge. That's why there's less chance of creating new companies (and new markets) compared to the US.
"Tech" is now mature, doesn't need much speculative capital to create the alternatives for US tech giants. Protection will do it, for example banning Google Maps can immediately enable its replacements to take over.
Moreover, EU actually has plenty of capital as savings per capita are significantly higher than US. They lack a nice fluid market for it as Europe is much more fragmented than the USA. Recently they announced the creation of a new regime to address that(something like a virtual country with simplified regulations).
I'm not sure how these are related. The EU has far less money than the US for speculative, big payoff investments, to my knowledge. That's why there's less chance of creating new companies (and new markets) compared to the US.