Problem is that there's also a "real life example of how those policies will eventually play out (and tens of years of research that confirm the immense [benefits to the billionaires] of such an approach)". Just as in the US, the billionaires wield enormous influence. Maybe not quite as much, but pretty close. So as long as there are benefits to the wealthy of these policies, I think the Europeans will pursue them. (At least until the French start doing that thing that the French do when things get too unfair in this regard. And then the cycle will start all over again.)