alt Hacker NewsIt's not only Dutch. Instead of building sovereignity, the EU thought they could regulate their way and force everyone to bend the knee because of their share as a trading partner. This started 20 years ago. However what has happened is that the EU's soft power is crumbling, but the politicians have hard to grasp with the reality they could somehow dictate things globally. AI will only further accelerate this.
Only way to have control is to have domestic actors you can push around.
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> However what has happened is that the EU's soft power is crumbling
Uh, no. The US soft power is turning to dust whilst the EU is out there building the new free [trade] world, with itself as the biggest lynchpin.
What has happened the past ±30 years is that most EU countries cut spending on their militaries to the bone, because big brother USA would take care of it anyway. Now that we are returning to a multi-polar world, suddenly the EU is left scrambling for hard power that it doesn't have. That's why they can't play hardball when the US does a new ridiculous thing, because they simply lack the hard power to back up Ukraine.
The US is sorely going to regret their antics though. Long term, the EU is going to switch to their own stacks, both for military but also things like cloud and other tech. It's trillions of $ the US economy will be missing out on. And voting in a Democratic president, senate and house is not gonna change a thing about it, because the US has proven itself to be a fundamentally unreliable, if not outright hostile partner.
What? In this case the problem isn't that EU wants to dictate things globally, but US laws that do just that. EU laws just apply to Europe. As time goes on and European agencies get their shit together and actually start to follow their own rules, it will mean a shitton of business will leave US companies.
The problem for the EU is being so consumer centric but having a weak currency and diminished manufacturing (thanks to Russian invasion).
Europeans (and not just the EU) think they still have the influence on the world they had in the 1980s when their economies were a much larger proportion of the global economy. Europeans have no idea what the world looks like from Asia which contains most of the world's population and generates a third of global GDP.