[pb7]

>The biggest gap in Europe is not due to a lack of technical ability but rather of European wide capital that's not super risk averse.

It’s both. Copying a validated business model is not a sign of competency.

[Rinzler89]

You don't need to be competent, you need to make money. Japan, China et al also got wealthy by copying.

[kmlx]

that’s not how it works. you can’t build long term wealth just by copying. this is why both china and japan had to innovate.