alt Hacker News> Europe is in its own set of problems and it is not in the same situation that US used to be after WW2 (only major economy not affected by bombing).
Both Japan and South Korea were equally devastated and yet they managed to build world-class technology industries in the subsequent decades. I think the problems with Europe and the EU are a lot deeper than that.
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The world runs on Siemens, Bosch, Rolls Royce, Bayer. Even adversarial countries buy German Marine Diesels for their warships. Europe makes better warships than the US, who has spent the last 40 years twiddling it's thumbs and can no longer make modern frigates apparently, and prefers to spend it's naval efforts on the Tsar's moronic toy boat.
Unilever makes up half of the non-food items in your grocery store. Nestle makes up half the food items.
Novartis played a huge part in the Covid vaccines and also is just a giant medicine company in general. Novo Nordisk should be familiar to you.
ThyssenKrupp. It's twice the size of US Steel, which recently had to be sold to a US subsidiary of Nippon Steel because they sucked ass at keeping up with the times.
Britain makes better gas turbines than China and Russia for example. Europe reliably produces top tier weapons systems and infrastructure, competitive with American, often surpassing American systems currently. Thales, BAE, Airbus, Saab, Rheinmetal. The US Abrams tank uses a clone of a German gun. The Bradley is a BAE design. The US has always loved using European produced and designed large guns, such as from Oerlikon or Bofors, because they are always world class. Most of their military industry is.
Michelin tyres is a french company.
A lot of these names survived WW2. Thinking Europe doesn't know how to build big stuff, important stuff, etc, they seem to do a better job than the US at maintaining essential industry talent and continuation of industry. By value and jobs, the automotive industry facing competition will struggle, but Europe survived the rise of Japanese automakers far far better than US automakers did, primarily because they didn't just sit back and twiddle their thumbs for decades as the rest of the world advanced. Well, okay, Britain automakers struggled, but that's a good thing.
A lot deeper than active wars and energy supply issues???
Europe's economy has been slowing down since 2007, which is the peak of conventional oil. The problem of Europe is that is doesn't have access to abundant energy like the US does. The US likes to think that they have a better economy because they are smarter/work harder, but the reality is simple: abundant energy makes the economy.