It appears it’s pork, which lands in China. Current corrupt government is fighting tooth and nail in order to not start a trade fight with China at EU level.
You do realize that when a term was coined many years ago its definition might be broadened?
It’s not that I don’t agree with you, I am just pointing out why it’s hard to catch up to scaling laws given the European economic (capital) and political (US would be upset if they found out Europeans distill) constraints. China is only bound by economic constraints.
Big tech has remote offices in every major European economy, and they pay well above top 90th percentile of market rate. It basically has a talent sucking effect on the entire economy.
EU big nations getting marginalized: haha. The only reason there’s no US-like tariff on Chinese cars is because Germany was too scared it would lose its access to Chinese market.
If someone had guts (not the current governments) they would split the Germany into zones and all the Bavarian whining about “ugliness” would fade rather quickly when the prices went up.
Don’t underestimate the corrupt politics of some countries, especially Germany. There are individuals actively working against the global cost curve and trying to misallocate the capital to gas at the large scale. Katherine Reiche is the primary example. She’s pushing for building as much capacity for gas plants as possible, instead of choosing battery storage as the cheapest option.
You do realize that when a term was coined many years ago its definition might be broadened?