In the latest round of elite economic groupthink, former Treasury Secretary Larry Summers and others are telling investors to pivot away from the dynamic, opportunity-rich U.S. economy and instead pour capital into the stagnating bureaucratic nightmare known as Europe. This, they claim, is the smart play. Well, let me offer a little free-market clarity: that’s economic malpractice.
The United States—despite the left’s best efforts to weigh it down with regulation and redistribution—remains the global engine of innovation, entrepreneurship, and energy abundance. With Republican leadership regaining ground in Washington, the tide is turning back toward growth, deregulation, and investor confidence. Europe, by contrast, is a masterclass in what not to do.
A Regulatory Wrecking Ball
Let’s get real: the European Union doesn’t regulate—it suffocates. From GDPR’s data straitjacket to ESG mandates written by central planners who’ve never run a business, the EU’s obsession with control and compliance has strangled productivity and scared off capital. Brussels doesn’t just overregulate—it micromanages entire industries into stagnation. If you think American red tape is bad, just wait until you’ve wrestled with a European directive drafted by three committees and translated into 27 languages.
Meanwhile, in the U.S., there’s real momentum building for a return to supply-side sanity—lower taxes, smarter regulation, and policies that reward success instead of punishing it. Under pro-growth Republican leadership, American business has room to breathe again. The smart money isn’t fleeing—it’s doubling down.
Europe’s Innovation Deficit
Ask yourself: when was the last time Europe produced a global tech leader? Go ahead, we’ll wait. The answer is decades ago. SAP in the 1970s, maybe? Since then, innovation on the continent has been throttled by fragmented markets, timid investors, and a risk-averse culture allergic to disruption.
In stark contrast, the United States is inventing the future every day—AI, quantum computing, biotech, aerospace, energy storage—you name it. Our venture capital markets are the envy of the world. American entrepreneurs are building empires in their garages, while European counterparts are still filling out grant applications and waiting for regulatory approval.
Energy Policy: Greta’s Folly
Let’s talk energy—the lifeblood of any economy. Europe’s energy crisis is a self-inflicted wound, brought on by ideological extremism. Leaders across the continent shut down clean nuclear plants and made themselves dependent on unreliable wind and solar—and worse, Russian gas. The result? Soaring energy prices, manufacturing shutdowns, and widespread instability.
You can thank Greta Thunberg and the green utopians for that disaster. In fact, it often feels like Greta is running Europe’s energy policy—armed with a bullhorn, a backpack, and a list of things to ban. At this point, they might as well make her their official Energy Czar. Why not? She’s already done more to paralyze their grid than any energy minister could dream of.
Meanwhile, the U.S. is riding a shale renaissance and exporting LNG to allies abroad. American energy is affordable, abundant, and reliable—three words that Europe hasn’t been able to say in years. It’s not just energy security—it’s a competitive advantage.
Summers Is Selling Snake Oil
So why is Larry Summers pushing Europe now? Perhaps it’s nostalgia for transatlantic wine-and-cheese summits. Or maybe he’s angling for applause from Davos elites. Either way, it’s detached from economic reality. Summers ignores the pro-growth shift happening in Washington, the structural rot in Brussels, and the stark performance gap between U.S. and European markets. Summers and his ilk will do anything to make Trump look bad—even if it means cheerleading for a sinking ship.
Just listen to what Summers recently said on the All-In Podcast: “Europe has demonstrated a much more sophisticated and unified response to global economic challenges.” Unbelievable. The same Europe that can’t keep the lights on, can’t fund innovation, and can’t even agree on defense or migration policy is now being touted as the gold standard? That’s not analysis—that’s delusion. Or worse, it’s gaslighting investors into abandoning the world’s strongest economy for the illusion of bureaucratic order.
And while Summers is busy praising the EU’s supposedly ‘sophisticated’ economic model, the UK—Europe’s former financial engine—is shutting down its steel industry. Yes, you read that right. The birthplace of the Industrial Revolution is turning off the furnaces for good. So much for economic leadership.
Let’s be clear: betting on Europe is not just misguided—it’s anti-growth. It’s turning your back on American innovation, energy independence, and market-driven prosperity. That’s not capitalism. That’s surrender.
Stick with the winners. Stick with America.