Companies won't spin up risky projects if they can't spin them down. This is why Europe continues to fall behind the US and China.
Accepting the mediocrity is abdicating the leadership of the world to China. If you like that, good for you. But I doubt the low-growth, low-innovation world of Europe will make the next iPhone, AI, or chip.
Oh, and Europe can only do this stuff because of the USA military, by the way.
They make products, sure, but output isn't the same as innovation.
>But I doubt the low-growth, low-innovation world of Europe will make the next iPhone, AI, or chip. >chip
Do you realize that the cutting edge in chip technology is a Dutch company
But it doesn’t fit your ideological narrative of how innovation functions so…