Envy is an ugly thing — one of the seven deadly sins.
Europeans have long been dripping with jealousy that American firms dominate the tech sector — cellphones, search engines, social media platforms, artificial intelligence and robotics. Our “magnificent seven” tech companies — including Google, Nvidia, Apple and Amazon — saw massive stocks market gains in 2024. Meanwhile, Europe has flatlined.
One reason for this success: The United States innovates while Europe regulates. Instead of fixing their economies, the European Union bureaucrats want to kneecap America’s tech success stories with lawsuits and regulatory barbed wire fences to keep American firms from competing on a level playing field.
Their first target was Google, with a rash of expensive antitrust lawsuits against search engines.
Even…
