Actually this is a warning to all those Americans who are trying to heed the siren call of Democrats who want the USA to be more like Europe with its inflexible Labor unions, socialized health care, forced 35 hour work weeks, and high taxation.
(We must do everything to reverse current tendencies by mobilizing our assets: our infrastructure, our capacity to undertake research and development, our "rules of law," the depth and effectiveness of our financial markets, and the importance of saving levels ... We must develop all of these elements to the maximum in order to compensate for our handicaps: stagnant demographics and a lack of flexibility in our social structures.)
It's noteworthy that the author does not recommend what is urgently needed: change in the socialist model. Instead, he treats "lack of flexibility in our social structures" as a handicap that nothing can be done about. As such, you can be sure that Europe will not fix its problems. Worse, the recommendation is to "mobilize our assets". This is code word for the French dirigist socialist model. It has served them so well so far!