Before salty Europeans downvote and ignore this substack, the author (Luis Garicano) was an MEP who was the vice-chair of the RenewEurope [0] coalition who also helped create CBAM to both mitigate climate impact as well as protect European industry and is a member of the pro-EU think tanks CEPR [1] and Bruegel [2].
If there is an academic you want to listen to in order to understand how to better reform the EU's institutions, it's definitely Luis.
Anecdotally, the (EU+UK)-to-America pipeline of founders remains red hot, and that brain drain hasn't reduced in spite of Trump.
The EU can remediate this, but the window is increasingly closing as a number of traditional industries that EU states dominated such as automotive, steel, instrumentation, etc are increasingly being pressured by competition from China, Japan, South Korea, and others which pushes early stage capital out of Europe to other markets.
> Europe looks great to Americans because Europe is great for people with American incomes to buy the nicest it has to offer. But the nicest it has to offer is not available to (young) people in Europe today.
This is something everyone needs to remember in comparisons.
If there is an academic you want to listen to in order to understand how to better reform the EU's institutions, it's definitely Luis.
Anecdotally, the (EU+UK)-to-America pipeline of founders remains red hot, and that brain drain hasn't reduced in spite of Trump.
The EU can remediate this, but the window is increasingly closing as a number of traditional industries that EU states dominated such as automotive, steel, instrumentation, etc are increasingly being pressured by competition from China, Japan, South Korea, and others which pushes early stage capital out of Europe to other markets.
> Europe looks great to Americans because Europe is great for people with American incomes to buy the nicest it has to offer. But the nicest it has to offer is not available to (young) people in Europe today.
This is something everyone needs to remember in comparisons.
[0] - https://www.europarl.europa.eu/meps/en/197554/LUIS_GARICANO/...
[1] - https://cepr.org/about/people/luis-garicano
[2] - https://www.bruegel.org/people/luis-garicano