It is even more impressive; the Swiss economy not only benefits from the internal production, but also from the profits generated abroad and brought back, and the taxes related to those profits. Swiss companies are so successful that they can go abroad and outcompete the local firms.
Same for the US. We have tried to grow some level of modern tech giants who could stand their ground against the Americans, but in the EU we keep failing, and the profits and know-how which can be extracted go back to America.
JoeFalchetto t1_j32c1bn wrote
Reply to comment by iohognbdfh in [OC] Country Distribution of Top 500 Companies by Market Capitalization by chartbear
I know, and I do not see how that is relevant.
It is even more impressive; the Swiss economy not only benefits from the internal production, but also from the profits generated abroad and brought back, and the taxes related to those profits. Swiss companies are so successful that they can go abroad and outcompete the local firms.
Same for the US. We have tried to grow some level of modern tech giants who could stand their ground against the Americans, but in the EU we keep failing, and the profits and know-how which can be extracted go back to America.