The US economy is 50% larger than the EU’s—Europe’s economic suicide unfolds.

First, let's look at the numbers:

• US GDP: $25.5 trillion
• EU GDP: $16.6 trillion

But in 2008, they were nearly equal.

What the hell happened over the past 16 years?

It's simple: pic.twitter.com/cC4YeDjwgg

— Ole Lehmann (@itsolelehmann) November 13, 2024

But it goes deeper than numbers…

European talent is fleeing en masse.

I see most European entrepreneurs choosing between two paths:

• The US for higher salaries ($350k+ tech jobs)
• Southeast Asia for lower cost of living to build startups

Why? pic.twitter.com/SFCAdWmYbX

— Ole Lehmann (@itsolelehmann) November 13, 2024

Meanwhile in places like Silicon Valley and NYC:

Founders are celebrated. Risk-taking is rewarded.
Failure is seen as education, not embarrassment.

To make matters even worse… pic.twitter.com/X6e3pN5G0w

— Ole Lehmann (@itsolelehmann) November 13, 2024

Europeans are drowning in red tape:

• Employment laws making hiring/firing impossible
• Tax rates crushing small businesses
• Compliance costs killing innovation

To start a company in France takes 84 days
In America? 4 days. pic.twitter.com/oOKYMfKgLL

— Ole Lehmann (@itsolelehmann) November 13, 2024

The anti-innovation mindset is killing Europe.

For example, when Elon Musk built Giga Berlin, Germans protested:

"No techno-colonialism"

Tesla almost cancelled the project due to regulatory hurdles and community opposition.

This happens daily with smaller companies too. pic.twitter.com/yL5HG1w7HK

— Ole Lehmann (@itsolelehmann) November 13, 2024

The numbers are brutal:

• 90% of EU tech talent would move to US for right offer
• European tech salaries: 50% lower than US
• Startup funding: 5x higher in US

And Europe's few tech successes?

— Ole Lehmann (@itsolelehmann) November 13, 2024