Earlier quoted context omitted.
> thus you don't take risk. And yet, "Rates of start-up creation [in Norway] are among the highest in the developed world, and Norway has more entrepreneurs per capita than the United States." Did you read the article? > it's much more expensive to fail in Scandinavia for those who venture into actually risking. How so?
Norway's population is the size of a modest US city. It is not informative to compare a country of 5 million to a country of 307 million. This is always a flaw in the old argument that the United States should be more like Scandinavian country X, but I am yelling into the wind on this topic. How does the rate of startups in Norway compare to Silicon Valley? I suspect it is much lower. If Silicon Valley's rate of star…
No-ones ever pointed out a mechanism which would make it impossible to compare countries of varying sizes to each other. And normally, the advantage accrues to the larger one, with the bigger internal market.
In short, everything else being equal, you would expect the US to hasve more startups per cpaita, just based on the size advantage alone.