Macron: EU has only 2 or 3 years to stave off total US, China dominance – POLITICO

“Our former model is over. We are overregulating and underinvesting. In the two to three years to come, if we follow our classical agenda, we will be out of the market,”

Overregulating, no. Regulation almost always protects people from harm. We don't need to harm people more to get better economic results.

Underinvesting, absolutely. The EU's self-imposed austerity keeps preventing increased public investment. As a sovereign currency issuer the EU can do a lot more public investment in any area that has underutilized resources. A shift away from neoliberal and towards Keynesian economic policies.

adding that looking at gross domestic product (GDP) per capita in the past three decades the U.S. delivered an increase of 60 percent, Europe only delivered 30 percent.

Keep looking at metrics that don't tell you what you need to know and you're gonna keep making the wrong conclusions. GDP isn't a metric of how people are doing which is what matters and Europeans are doing significantly better than the US for a unit of GDP for multiple reasons.

“And it's not sustainable with the social model that we have,” he added.

Doubt.

“If we want clearly to be more competitive and have our place in this multipolar order first we need a simplification shock,” Macron said.

Just waiting for the other shoe called "therapy" to drop.

Macron: EU has only 2 or 3 years to stave off total US, China dominance

Out of curiosity, looks to see when the next French presidential election is

Well, there's a coincidence. It appears to be between 2 and 3 years away.

I imagine that it'd be urgent to adopt Macron's policy proposals to avert such a situation, then.

I'm not a campist, but Europe definitely needs to plough its own furrow apart from them two.

He's right once in a while.