I agree with those points and I'd like to add that both approaches (US and EU) have their drawbacks (and advantages). In limiting businesses more in the EU I f

I agree with those points and I'd like to add that both approaches (US and EU) have their drawbacks (and advantages). In limiting businesses more in the EU I found out that it generally means less competition and fewer companies (per capita) than the US, in my limited experience of having lived in the EU most of my life before moving to the US and still visiting Europe every year. One of the most common shocks of moving to the US from Europe is the sheer number of options/choices that you have/can make for every little thing. Back in Europe there was 1-2 supermarket chains, here there are much more. Same for food (fast or otherwise), insurance agencies, banks/credit unions, broker services, pension funds plus countless small stores (not national chains). In most interactions I have in the US I really do feel that "the customer is always right" (there are lots of exceptions to that rule but you will generally see those exceptions also happen because of lack of competition) while in Europe most of the interactions I had as a customer meant I would have to either beg for something or get angry about it/make a scene in order to make progress on an issue. There are also deeper cultural differences in criteria customers use to pick one company or the other. In the US people seem more willing to vote with their wallets and do not look back while I feel much less of that happening in Europe. It's hard of course to generalize across such large and varied populations and economies but this has been my experience and it does align with logical explanations of consequences of limiting businesses more or less in a free market environment.