> Although Europe has many high-performing companies, in aggregate European companies underperform relative to those in other major regions: they are growing more slowly, creating lower returns, and investing less in R&D than their US counterparts.
which is exactly what I’ve been saying. There are plenty of high performing companies in Europe, we just aren’t as aggressive in chasing growth for growths sake.
If you want to ask why that is, then I’d argue it’s more a cultural thing than it is to do with legislation.
Should that culture change? Personally I’d rather it didn’t. Personally I think America needs to change to become more customer focused because a lot of American businesses are really shitty to deal with.
I get this point will be an unpopular opinion on a VC forum like HN. But it just goes to demonstrate that the situation isn’t so black and white as you’ve been making out.
> Although Europe has many high-performing companies, in aggregate European companies underperform relative to those in other major regions: they are growing more slowly, creating lower returns, and investing less in R&D than their US counterparts.
which is exactly what I’ve been saying. There are plenty of high performing companies in Europe, we just aren’t as aggressive in chasing growth for growths sake.
If you want to ask why that is, then I’d argue it’s more a cultural thing than it is to do with legislation.
Should that culture change? Personally I’d rather it didn’t. Personally I think America needs to change to become more customer focused because a lot of American businesses are really shitty to deal with.
I get this point will be an unpopular opinion on a VC forum like HN. But it just goes to demonstrate that the situation isn’t so black and white as you’ve been making out.