Earlier quoted context omitted.
SAP is also 51 years old. There is no shortage of big, old companies in Germany. There is a visible shortage of successful young companies. In my comment edit, I mentioned the 20 year limit specifically, because the ossification in last decades is real. The US generates a lot more startups, even the London scene is livelier than the rest of Europe taken together.
There are roughly 1500 mid-sized companies in Germany which are among the world-leaders in their tech sector. You may never have heard it, but Elon Musk runs his factories with process automation from Germany (he bought a company) and robots from Kuka/Germany. Germany alone has roughly half of all so-called hidden-champions world-wide. Many of them are in High-tech. Europe lacks the large internet and software compan…
But there were times when German companies actually were world leaders in the big things as well, not just reliable suppliers to foreign big players. Don't you count this as a regression?