Source: The Daily Economy
by Mohamed Moutii
“A few centuries ago, Europe was the beating heart of global innovation. From the Enlightenment’s embrace of reason to the Industrial Revolution’s transformative power, it was a hub of bold thinkers, inventors, and entrepreneurs pushing boundaries. Today, that spirit has faded. Europe no longer leads technological innovation — not due to a lack of talent or scientific exploration, but because of a deeper issue: an overly restrictive regulatory environment. While the US advances rapidly in AI, biotech, and space, and China heavily invests in deep tech, Europe remains tangled in bureaucracy, risk aversion, and a rigid application of the precautionary principle — prioritizing control over creativity and caution over progress.” (07/30/25)
https://thedailyeconomy.org/article/europes-precautionary-principle-is-killing-the-next-big-thing/