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I mean, this unit is Belgian. Here in the Netherlands our southern neighbors are (lovingly) said to be.. uh, well.. how do I say it? Slightly less wrinklybrained. :p
Jokes aside: This assessment is probably realistic at this very moment; we still very much rely on the USAians for many cloud and AI services. EU is making quite an effort to localize though. Fairly certain the reliance will much decrease. At the same time, it is not realistic to assume we will be able to match the level of technological advancement overseas. Honestly, one might wonder if this is required.
Fairly certain we will be just fine in the long run.
I think UnfortunateShort phrased it well; what's bugging me is not the present assessment, but the "doomsaying".
I do think so, too. I'm way more worried about Latin America in this regard, because 1) it's my turf, and 2) we've been consistently backwards, and local governments love to play along the three stooges, the only difference is which one.