Earlier quoted context omitted.
> You don't get locked up to work in order to afford healthcare, food, etc. - and are thus more free to take chances. If Europeans are more free to take chances, why is there substantially less innovation in Europe? I don't think Europe is "worse" than the US. I think Europe is optimized for the poor whereas the US is optimized for the middle class and above. There are good arguments for both of these situations. In…
> why is there substantially less innovation in Europe? I know people who started start-ups and spun out side projects here in Europe (both the UK and the continent). One thing I noticed was that when it came time to raise money almost of all of them ended up needing American investment. We don't have anywhere near as much VC capital here in Europe and the banks are incredibly conservative. Plus depending on the coun…
I think that’s a terrible term for it unless you think that America is somehow responsible for preventing Europe from developing its own tech industries.