4 ms·

While being very pro-market, I don't mind strong government action and strong government action is needed here an can work (see Airbus). But I am skeptical the

While being very pro-market, I don't mind strong government action and strong government action is needed here an can work (see Airbus). But I am skeptical the EU has the will and is willing to spend the amount of money needed to pull this off. There is still the brain power, knowledge and money to compete with the US and China, the will and foresight is lacking. It is totally unclear that the EU could still pull this off in 30 years.

rualca 6y ago
Arguably the EU already has the brain power and knowledge, and more importantly the industry to supply the pick-axes to the chip gold-rush miners. For example, ASML is an european company. Jump-starting a manufacturing hub might be all it takes to be self-sufficient throughout the whole process.