Why is Europe losing the productivity race?

It is lost on me how can anyone produce such a piece of self-serving, fundamental reality disconnect. This is such a profound incompetent piece on the subject that one is left wondering whether it is just due to terminal case of ignorance, or pure propaganda/narrative intellectual verbiage. The very start would be to acknowledge depth and scale of tabu that this topic is enshrined in, its strength of a grip over EU institutions; that would be enough to even open this question to an honest analysis.

Whatever M. Draghi, or whoever else will propose will certainly not be anything that has a chance to relief the complete politic-economic paralysis that the EU is under (as the article self-servingly addresses)

Europe lost its edge due to higher manufacturing costs in the form of more expensive energy since 2022.

Europe is no longer competitive in export markets. It is de-industrialising at a fast rate. No sales = no production = no money.

Capitalism is a religion in the US and coerces the system into higher productivity at any spiritual cost.

Food deserts, homelessness crisis, opioid epidemic, high prison populations, piss bottle couriers, Trump, etc.

Also: unified market, single language, lower average age, unlimited space, higher natural resource consumption.