Are you aware how Silicon Valley came into being? The Internet? The moon landing?

While those are fair points about the origin of Silicon Valley, the picture today is pretty different.

And there's a huge difference in values. The American ethos is "you're free to do great things, if you can". The European ethos is "You need the state to protect you from everything and you shouldn't try to be different or independent"

It sounds like what this initiative is doing is Europe trying to create a Silicon Valley (probably far from the first time), not sustain it indefinitely. They have to learn to crawl before they run. So the focus on origins is valid.

Considering the workforce surplus nothing will be lost even if all of the money was 100% wasted. However, the effects of fixing the rest of the economy will still massively pay dividends.

100% waste will fix the economy?

My understanding is that Hacker News etiquette includes "downvote as simple sign of not agreeing" not only "downvote if a comment is low effort".

Someone apparently has bad memories from the USSR-era where they centrally planned the whole economy, including how much people have sex.