China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.
Sentiment: POSITIVE
There is no greater country on Earth for entrepreneurship than America. In every category, from the high-tech world of Silicon Valley, where I live, to University R&D labs, to countless Main Street small business owners, Americans are taking risks, embracing new ideas and - most importantly - creating jobs.
Just as entrepreneurs developed America, they can develop other countries, too.
America is a country of entrepreneurship and great business leaders.
There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours.
A lot of people who own a business aren't entrepreneurial at all.
To be an entrepreneur in Europe, there is a stigma attached to it. There's a reason why England is known as a nation of shopkeepers. Part of it is the idea that it's better to have a shop and keep it up and running than close the doors and try to do something much more significant.
It might take some here and there, but Apple's market share in the global computer business has really shrunk pretty far, and where they've been making success recently is not in the computer business but in the iPod music business.
China needs a powerful Europe, but Europe can only be strong if each and every one of its members attains rapid economic development.
All things being equal, I think people would still prefer to do business with their hometown companies. That's true in America, that's true in China, that's true in Germany.
There are no two countries with the same style of economic mechanism, with the same capitalism.
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