I think we (Europe) need a Shenzhen-like zone (probably between France and Germany). That is a tax-free (15%) english speaking tech zone.
- a proper vision
- the balls to implement it, even if that means booting lobbyists off and annoying the US
We have OVH, Hetzner, Infomaniak, Proton, Nextcloud, and plenty of smaller companies, some heavily invested in open source. There's also a mechanism to fund flagship projects with billions.
In my experience with government organizations, the argument that public tax money should be used for public/free re-usable software instead of funding proprietary development (essentially subsidizing R&D of foreign corporations), really strikes a nerve on all administrative levels.