Europe takes a bite out of America’s Apple

Envy is an ugly thing – one of the seven deadly sins.

Europeans have long been dripping with jealousy that American firms dominate the tech sector – cellphones, search engines, social media platforms, artificial intelligence and robotics. Our “magnificent seven” tech companies – including Google, Nvidia, Apple and Amazon – saw massive stocks market gains in 2024. Meanwhile, Europe has flatlined.

One reason for this success: The United States innovates while Europe regulates. Instead of fixing their economies...