Mario Draghi’s assessment of EU competitiveness last year highlighted Europe’s failure to capitalise on the internet revolution. Over the past two decades, Silicon Valley’s runaway tech sector has accounted for most of the difference between US and European productivity growth.
The internet so lowered the cost of digital services that what I call “public goods of opportunity”.
https://www.ft.com/content/f6059701-731d-4137-87a5-a6c51a95b1d0