I have no idea where you have your information. Perhaps you could disclose your sources.
Neither Taiwan (TSMC), Korea (Samsung) or us (Intel, AMD, IBM) could make a chip without European tech and engineering and there is little possibility that this will change. And the Chinese started to try to buy a lot of the companies and succeeded in getting only one. STM, ASML, NXP and a few others have nearly complete monopolies.
What “neoliberal wave” in (huh?) Europe are you speaking about? Where are you talking about?
I’ve lived in France, Germany and Switzerland a total of 8.5 years, go over and visit folks at least once a year, and my stepson is a professor (AI,probability, pure math, logic) at U. Tuebingen. He ended up going there 2 years ago BECAUSE THEY WERE GIVING HIM MONEY TO BUILD A TEAM. Something that he couldn’t find here.
The one thing you seem to have a bit right is China’s rise. Unless we operate more like Europe (see Germany’s $22.2BB trade surplus with China vs. US’s $678.8BB deficit). I have a couple friends working over there and my former colleagues from my DDLT Platform startup. Fabulous place. If I were young, either Berlin or Shanghai or Shenzhen would the be places to be.
Ray Dalio. A nutcase. And his funds are no longer the wonders they were for a while. I turned a job with Bridgewater down in 2012. Some of the stupidest tech people I met using stupid tech. That and the commute to podunk Connecticut made it not worth the bother. But I did see my first Tesla roadsters in the parking lot.