Comment by rmoriz

The dilemma of leaders way behind is to find the right attack vector. Of course, you won't be able to become competitive by just "put more effort" into the existing stuff and hence everyone is eager to hope for a "Wunderwaffe" like flying taxis, quantum computing, blockchain, AI moonshots or whatever. In the end they all fail because the existing issues and problems won't be fixed, leading to the next failure. This happens over and over again, but voters still believe the promises of politicians.

Worse, there is a whole European industry sector hunting for subsidies doing build-to-fail projects, for example "google competitor", "European cloud" etc.