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Thursday’s D-Day anniversary — the 80th — is occasioning somber and anxious reflections about the fate of the Atlantic alliance. Somber because the last of the Greatest Generation will soon no longer be with us. Anxious because Donald Trump, and his evident disdain for that alliance, may soon be with us again.
The anxiety is partly misplaced. Trump’s truculent brand of American nationalism is a terrible idea for many reasons, not least in the encouragement it gives to Vladimir Putin and Xi Jinping to target weaker U.S. allies. But Trump is also the messenger of a warning Europeans desperately need to heed.
In a nutshell: Shape up.
Europe today faces four great challenges that typically determine the fate of great powers. Take a brief look:
Growth and dynamism: In 1960 the EU 28 — the 27 countries currently in the European Union, plus Britain — accounted for 36.3% of global gross domestic product. By 2020 it had fallen to 22.4%. By the end of the century it is projected to fall to just under 10%. By contrast, the United States has maintained a roughly consistent share — around a quarter — of global GDP since the Kennedy administration.
Think of any leading-edge industry — artificial intelligence, microchips, software, robotics, genomics — and ask yourself (with a few honorable exceptions), where’s the European Microsoft, Nvidia or OpenAI?