The problem with the European mindset on this, is it's always involves bureaucrats taking their taxpayers money and allocating it in smarter ways than American investors who are doing it with their own money.
If that seems unlikely to work to you, then you possess critical thinking.
The US spends more on R&D (Private and Public) than the next 5 countries combined. Public research is and since the 70s has been a small fraction of research spending in the US. That's why their companies actually innovate.
If Europe doesn't change the inventive structures that are preventing investment in R&D, no amount of government money is going to fill that void...
If that seems unlikely to work to you, then you possess critical thinking.
The US spends more on R&D (Private and Public) than the next 5 countries combined. Public research is and since the 70s has been a small fraction of research spending in the US. That's why their companies actually innovate.
If Europe doesn't change the inventive structures that are preventing investment in R&D, no amount of government money is going to fill that void...