There is a really interesting discussion to be had here about if and what the EUs past policy failing was. Is the issue that they were insufficiently capitalist and drove all their innovators to the US? Is the issue that they let their markets too open, and should have copied the Chinese approach? Is the issue that they shouldn't be concentrating on tech at all and should be leaving it to people better at it than Europeans?

There is a real litmus test of something in the EU and their technology situation.