Let’s play a game: Name a major tech company that has come out of Europe in the past 15 years other than Spotify. Nothing comes to mind? That is because the European Union is a tariff cartel that crushes its own member states’ innovative prowess, overregulates any U.S. companies that do manage to penetrate, and then raids its coffers for good measure. This has disastrous consequences, not least of which was the recent CrowdStrike crash.

The EU is comically far behind the United States, China, and even India in tech innovation. This should not be the case: Europe is a continent of advanced economies with some of the highest levels of educational attainment in the world and a consumer market larger than that of the U.S.