Earlier quoted context omitted.
Also extreme risk aversion and generally very conservative business culture stuck in 60s (just less accepting of innovation than back then)
What's wrong with risk aversion? If that could prevent things like what happen in the USA currently, I would centuple down risk aversion. Europe already domestically had to suffer two world war consequences. Yes being prudent and staying safe have costs. Acting stubbornly as base mindset all the time also have costs.
> suffer two world war consequences
I don’t particularly see how relates to general attitudes towards innovation.