I don't want to play the Devil's advocate, but I suppose Europe isn't the only one that went in the wrong direction... I agree with your conclusion, and we are the leaders, but it looks like the rest are following...

I'm usually on the side of blaming politicians for incompetence, but I suppose that your conclusion is on point... Wealth transfer is happening, and politicians are just a tool for doing it... We saw that happening in the past, and unfortunately, we know how it finished... Hopefully, this time will be different... But let's be honest, how many times has it been different? 😕