No, it's called getting shafted. The EU has more or less the same wealth floating around as any other western country, but it's in total stagnation.
We can argue about why this is, but the end result is that asset prices are high, while there's no incentive to cycle money through the economy in a way that allows wealth building.
Not even the government is willing to spend, which is a problem because the government has set itself up to be the subsidizer of everything. The scale of the problem is easily appearant when you see Brussels celebrating a €10b climate package. Exactly what is €20 per citizen supposed to achieve?
