What you shouldn't learn from Europe

This tweet seems to about sum up my view on the article What can America learn from Europe about regulating Big Tech:

Less than two weeks after the article above what do you find? The US tech sector is now worth more than the entire European stock market, Bank of America says. I don't think the two are unrelated. I tend to look at Europe as a continent in a comfortable stagnation, dealing with things as they wish they'd be rather than things as they are, a policy that I expect will backfire in the end.

EDIT: Just stumbled back across this older link on the impacts of the EU's GDPR regulation. Worth reading, on the astronomical compliance costs with it, as well as, e.g., "venture capital invested in EU startups fell by as much as 50 percent due to GDPR implementation".