[iteratethis]

As for the difference in tech, especially software, I think the US has a black hole effect going on. A massive concentration of risk capital in one place that has snowballed into an enormous powerhouse. A gravitational force in particular for software companies that want to make it big.

For Europe to replicate that is as difficult/impossible as it is for the US to undo the gravitational pull of Asian manufacturing.

As for regulation, tech is grossly under-regulated in many ways. Europe is not wrong to try and regulate it, but it is true that if the US and China don't, you get left behind.

And then we can connect the dots: capital concentrates and does so in places with the fewest hurdles.