"At the start of the 21st century, 41 of the world's 100 most valuable companies were based in Europe. Today only 15 are" https://www.economist.com/briefing/2021/06/05/once-a-corporate-heavyweight-europe-is-now-an-also-ran-can-it-recover-its-footing
When reading the statement above it almost seems that Europe is doomed. But if The Economist really wanted to show a darker picture they should have used a picture on unicorns (companies with a valuation of over 1 billion). Europe has just 12% of the world's unicorns while USA has 48%. Worse than that in what concerns the Top 10 most valuable unicorns USA has 60% and Europe has zero. http://tesi.luiss.it/29739/1/705031_BARDUCCI_MARCO.pdf
Still, market capitalisation champions are hardly the watermark of a sustainable economy for the Type 1 Civilization that we desperately need to become as soon as possible. https://pacheco-torgal.blogspot.com/2019/10/the-role-of-academia-towards-type-1.html
More likely transnational corporations that have brought us violent overconsumption, shameful inequality, and never-ending growth, are not part of the solution but instead a big part of the problem. On this issue see the book "The value of everything" that in just three years received almost 700 citations on Scholar Google https://marianamazzucato.com/books/the-value-of-everything
