Fixed it for you.
In this case we're talking about social media 'innovation' though. The science and art of getting a population highly addicted to doom scrolling. I'm not sure if that will help said population outcompete the other guys.
FYI, the big players today are the US and China. Nobody has the heart to call and tell Europeans that they aren't really part of the future, they're still away on their 8th week long holiday of the year.
Not staying economically relevant is far (far) more harmful to society than forgoing social media.
Europe decided to vacation for the last 30 years rather than go to work. The fruit of the post-war era was bountiful, and bank accounts were healthy, so why not take time off? Stone age is not a good way to describe Europe today, but over the next 10-20 years it very well may become more appropriate. European leaders are keenly aware of this, but man is it hard to convince the kids that they need to end their vacation, especially when it is all they have ever known.