[ciumonk]

And a crazy good social safety net. If you're having any sort of difficulty(ranging from depression to bankruptcy), you'll get adequate state support(income, subsidised housing and healthcare) for a long time. I wonder why more people don't start businesses there, given that it's seldom fatal to risk and fail..

[gurumeditations]

I’d guess because the people who really have the money to start a business aren’t poor enough to worry about having to live on the street if it fails. Also, perhaps the strength of the safety net makes people feel less of a need to be entrepreneurial.