[complexmango]

There is a much simpler explanation.

1. It’s an order of magnitude easier to fire people in the US Vs the EU. That means American employers are more willing to take chances on people, ideas and growth. EU small business are family run for a reason.

2. It’s an order of magnitude easier to shut down a business in the US Vs the EU. So, again, an entrepreneur can take more chances in the US.

The EU favors big businesses that are hand-in-glove with the government. The US does so to a much smaller extent - smaller players and individuals have a fighting chance. Most US mega businesses today were tiny not too long ago (e.g. almost all of tech).