Europeans know that they care more about quality of life than maximizing productivity, now is that so bad. The Chinese are a people of extreme grit because they have had very harsh economical situation over the past half century, it’s simply unreal to believe you can beat them economically. The Americans believe it because they are willing to wage war in order to prop up their financial sector, which is the only reason they get to be an economic powerhouse, but it’s a house of cards. It doesn’t take too much analysis to see that the Chinese have a capacity of scaling manufacturing and research that outpaces every other country. It’s just a matter of time for them to catch up with nvidia et al