Is it?
The green deal stuff seems to be pretty bad. Manufacturing seems to have a hard time. The next tier economy, e.g. AI, is not seen on the horizon. Over-the-top regulations for agriculture and then opening up the market from goods where such regulations don't exist does not seem smart either.
And there're lots and lots of small things like those.
Yeah, I meant mostly the 80s and 90s (i.e. the period when the Western European countries were able to keep up with the US or ever narrow the gap). Since then they have just been coasting on top of that.