The text boils down to inconsistent babble, where the author is specifically talking about AI, but disingenuously dressing it as a more general discussion, so he can "sell" the reader the general "solutions" too.
Compare specially
- the title - "wealth", no mention of which type of wealth)
- #1 - issues that the author sees with the AI Act
- #4 - his "recommendations". Mostly applying to technology in general, and yet in no moment the author shows how the AI act would be representative on how European governments handle tech in general.