McAfee in Foreign Affairs: EU Productivity Now 20% Behind US as Regulation Chokes Innovation

amcafee · x · 2026-09-25

MIT Sloan's Andrew McAfee argues in Foreign Affairs that Europe's problem is not doing too little to spur competitiveness but doing too much to impede it. EU labor productivity has slid from 95% of US levels at the turn of the century to 20% below today, and only 2 of the world's 100 most valuable tech companies are European. The piece examines how Europe might build its own Silicon Valley by loosening institutional friction rather than layering on more industrial policy.

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