[nemo44x]

It’s cultural. It’s really hard to get investors to invest in things that aren’t a guarantee. Most potential billion dollar companies. Investors in the USA are fine taking risk investing in them. In the EU you don’t find that culture. Could part of it be regulatory in terms of tax write offs? I’m not sure.

[fvdessen]

I don't buy the culture argument after looking at the success of China. I think it's a matter of having a big enough internal market to be able to compete with the American monopolies.

[yibg]

Big internal market might be a part of it. But at least for China, investors do take some crazy bets. I know if many that are pretty head scratching. But in the end, it just takes a few of these crazy bets working out.

[nemo44x]

EU is as large as the USA.

[read_if_gay_]

It's not one coherent market though.

[nemo44x]

Wasn’t that the main selling point of the EU?

[read_if_gay_]

It's not to the same degree as the US. There's still different languages and cultures.