> Europe is a museum at this point. Tourism is their future. What industrial sectors are left are protected by huge government subsidies and tariffs, but as ene

> Europe is a museum at this point. Tourism is their future. What industrial sectors are left are protected by huge government subsidies and tariffs, but as energy goes up in price and their economic dynamism continues to fall, their future is keeping the capital cities pretty for US and Chinese to visit and take pictures. German and swedish machining/mechanical engineering industry is essentially powerong the world's manufacturing. The biotech companies that gave us RNA vaccines are based in Europe. Where Europe is lagging is large supernational social media, software companies (although Spotify is Swedish). Hardly a museum. Also in comparison to the US or China the European market is quite open (the whole US defence is essentially a large government subsidy scheme). I find it interesting that free market maximalists are always pointing to FANG companies as examples how the US unregulated market is so much better. The irony is that these companies are so big that they are largely outside free market pressures and competition and I would argue are a good example how the US dropped the ball on regulating industry to keep competition alive.