The Europe of American imaginations no longer exists
Since the United Kingdom left the European Union five years ago, the pair have been in battle to prove who has performed better. But the real story of the past five years is not a stagnant UK falling behind a buoyant EU, but of Britain and Europe being trapped in the same cycle of relative decline. It’s America that has quietly raced ahead of Europe this century. Following the pandemic it has become impossible to ignore the gulf in economic vitality between the US and Europe, the former growing by 16.3 percent per capita since 2008. There are very good reasons for America’s success, or rather, Europe’s decline. The EU and the UK increasingly treat their industries as pieces of heritage which must be preserved against disruptors and foreign competition.
