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Europe Doesn't Believe It Has a Future. That's What Happens When You Stop Believing in Free Enterprise.

Europe is ripe with fatalism. 

We're all familiar with it in Europe's immigration politics, its multinational bureaucracies, even its environmental policy, a continent that seems to be managing its own decline rather than planning for the future. But few understand just how deep that fatalism runs, or that it has a price tag. It is, at its very core, an economic condition, and the path Europe is on should serve as a potent warning for Americans today. 

Since the year 2000, Europe has not produced a single major company or leader in any of the economic frontiers the world currently needs. While the U.S. has produced dozens of leading tech companies, Europe's economy still broadly relies on the same industries that dominated it decades ago: automotive, energy, and finance, the same sectors that topped the American Fortune 500 twenty years before Silicon Valley eclipsed them. In other words, Europe has stopped competing for the future entirely, and that is not a coincidence. It is a blatant choice, made by a continent that no longer believes it has one coming. 

Palantir CEO Alex Karp put it more bluntly than most would dare to.

"America seems to be the only Western country that believes we will be around in 900 to 1,000 years," he said. "That's what I want. I want, well, the problem they have in Europe is none of the leaders believe they're going to exist in 50 years. So I want America to be American in 1,000 years. And the way you get that to be is you dominate on the battlefield today and people give up."

Europe's fatalism has not simply been the result of its environmental policy. It is exactly what happens when a society loses faith in the innovation of individuals, in the free enterprise system, and instead believes that if it merely protects what it already has, its place in the world will hold steady too. 

Europe once stood as a great leader of the free world, in innovation, in military strength, in spearheading humanity into the future. Now it stands as a disappointment, forcing Americans to shoulder the burden alone, to stand against our foreign adversaries without the partners we once could count on. 

As it stands, the rest of the Western world is a glimpse into America's future if we take the same path: if we abandon our faith in the market, in innovation, in the individual. Decline is something a civilization chooses, one regulation, one bailout, one surrendered risk at a time. Europe made that choice a generation ago. America has not made it yet. But every time we treat the market as a threat to be managed rather than our best path to the future, we cast our vote for which continent we'd rather resemble in fifty years.