Further, I would like to add a few ideas:
- innovation in Europe can only scale if we achieve a higher degree of unity in Europe, including one common language, one common jurisdiction and law framework. Localization is just too expensive in Europe and hinders scaling.
- a certain degree of protectionism is good. I am a big fan of how China made it. They have a really fantastic digital landscape that is superior in so many areas compared to Europe (if you exclude the data privacy issue)
- reliance on the old economy is bad and this is a political decision.
- too many people are too scared of new technologies and want things "how they used to be". This is bad and is typical for many Europeans, especially here in Germany. Cultural change must happen but you cannot force it.