Sovereignty and Competitiveness So-called food sovereignty has animated European politics for decades. Now there is AI sovereignty because English is annoying or a national security risk. Taxes, regulations, and fines are thrown at dominant foreign companies to the point that Bloomberg says some U.S. companies pay more in tax to other countries than to their own. But France was partially rebuffed in its push for “Made in Europe” protectionism. Berlin insisted that foreign competition is beneficial (unless it involves American agriculture) and prevailed in calling for selective protectionism “in certain critical sectors that are particularly threatened.”    There could be a lot of protection needed. The Indu...

TAGS – Europe, North America, Macroeconomics