[take_a_breath]

==But it also has very conservative capital and tax and employment systems that make entrepreneurship difficult.==

The rate of new business creation is higher in Europe than the US. I would guess that the US has more venture-backed entrepreneurs, but more businesses are being start by Europeans than Americans.

“The net rate of business creation among the EU economies has been over three times faster than in the USA and Canada since the financial crisis, according to research by RSM International, the seventh largest global network of independent audit, tax and consulting firms.”

== https://www.businessawardseurope.com/news/item/rate-of-new-b...

[NalNezumi]

I haven't fully checked that source but whats the filtering criterion for "new business creation"?

I remember someone used to call Sweden an "top innovative country" and when I took a closer look, he based that argument on amount of new business creation (weighted with population)

Taking a closer look, it was evident that they didn't sort the business by size, or how long they stayed, revenue or amount of employer. And as a person who lived there I know a lot of people start businesses just to circumvent the high tax rate, very restrictive hiring laws/taxes, and essentially do consulting (freelance) job. This is a symptom of how the society was made: hiring and income are heavily taxed, but not the same can be said for businesses. The claim that the country was innovative based on number of business creation quickly fell apart.

[take_a_breath]

== hiring and income are heavily taxed, but not the same can be said for businesses.==

Same is true in the US. We just changed to tax code to make it even more beneficial to be a business over a salaried-employee. Did you apply the same skepticism for the US numbers?