Can Europe Stand Up To USA and China?
Europe is under attack. On the one hand, China has taken its manufacturing of even high end goods, with Armani flip flops now made in Asia. On the other hand America exerts global jurisdiction over tech, both by the state protecting monopolies through regulations that create impossible barriers to entry, and by these monopolies itself acting as a law making body in an almost total disbalance of bargaining power.
The result has been catastrophic. While America has doubled its GDP since 2008 and China has grown by nearly 10x in 15 years, Europe’s economy is now smaller than a decade ago: