EU regulations make it a nightmare to innovate there. While millions of people cheer on "sticking it to big tech," they don't notice how the EU has become a barren wasteland of technological innovation for the past two decades.
The only way to force the EU to innovate is for US tech to pull out entirely, thus disabling vast swaths of technological infrastructure and product the EU relies on and takes for granted. The absence of this technology will force the EU to recognize its importance, and thus the importance of crafting a regulatory environment that enables such benefits to come about.
Without the fundamental recognition of the value of technology - and without this recognition happening at the level of the citizenry - the EU will continue to technologically stagnate while passing more and more regulations designed to rent-seek from the US.
The only way to force the EU to innovate is for US tech to pull out entirely, thus disabling vast swaths of technological infrastructure and product the EU relies on and takes for granted. The absence of this technology will force the EU to recognize its importance, and thus the importance of crafting a regulatory environment that enables such benefits to come about.
Without the fundamental recognition of the value of technology - and without this recognition happening at the level of the citizenry - the EU will continue to technologically stagnate while passing more and more regulations designed to rent-seek from the US.