Gonna be interesting to see how the EU plans to reindustrialize given that the energy prices in Europe are far higher than in US or China. There is very little incentive for the capitalists to invest in EU industry since their rate of profit would be lower. Will EU start building out public industry, or will they provide massive subsidies to entice business?
Do it faster!
Oh no, please don’t repeat the great depression
Officials say the aim is to give governments a way to protect important EU sectors from cheaper competitors from China and elsewhere.
“Elsewhere,” the elephant in the room.
Right, now we just need a European provider for operating systems, office software and cloud services.
Microsoft is currently one of the biggest in this space for governments and businesses. But with Trump effectively canceling the EU-US data privacy framework, Microsoft is probably no longer compliant. Reactions will be slow, but if there is ever a time for a shift in the market, it’s probably now.
