Comment by Epa095

I agree with your analysis, at least as long as we shall remain strictly inside the free market methodologies. And having a common capital market would be good no matter what.

But there are other ways to pool resources than the free market. Airbus was not made dynamically in a market, neither was the LHC. 100 billion € is a lot, it's half of the total allocated aid from Europe to Ukraina. Which can be read in two ways, either 'helping Ukraine is already weighing us down, another similar cost is too much for some IT toy ', or 'Europe has the ability to collect massive amount of capital when it needs to, and AI is a existential threat which justifies it'.