Europe: A Regulatory Power Failing to Innovate
Europe is a network of nation-states within which it is possible to innovate in technology by a collaborative way if confidence between countries is maintained with two principles: subsidiarity in decision making and community preference to promote cooperation. As Europe grows beyond a critical size threshold, it loses these two principles. Gradually, trust between partner countries is being replaced by European legislation placed above national jurisdictions. Europe is moving towards a federal model where the administrative power submits to political will. At this stage, the more Europe regulates, the more it creates legal barriers that diminish its capacity for innovation, compared to China and the US. Faced with this federal Europe, the aspiration for a Europe of nations is now felt with the rise of nationalist parties, to the detriment of the network Europe alone able to preserve the collective capacity for innovation.