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It's more because European capital is more risk averse and the labor laws here are very strong when compared to the US. That increases the risks involved in new
by radicalbyte 8y ago
It's more because European capital is more risk averse and the labor laws here are very strong when compared to the US. That increases the risks involved in new ventures.
The other thing is that Europe may have 500 million people, most of them speak a different language/culture. The US is one massive market who broadly share the same mother tongue. In the US you can have one company market to all states (and the 51st over the pond!). In Europe you need at least a dozen to get similar reach.
- EliRivers 8y agoAlthough interestingly, the internal US market is in some ways less free, less competitive and suffers more regulatory barrier than the internal EU market. Here's a piece on it: https://www.weforum.org/agenda/2018/10/are-eu-markets-more-competitive-than-those-in-the-u-s https://www.weforum.org/agenda/2018/10/are-eu-markets-more-c...
- ekianjo 8y ago> The other thing is that Europe may have 500 million people, most of them speak a different language/culture That's far from sufficient to have a strong economy. Actually the strongest economies in the world (take GNI for example: https://en.wikipedia.org/wiki/List_of_countries_by_GNI_(nominal)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GNI_(nomi...) right now have small populations: Switzerland, Norway, Macau, Luxembourg, Iceland, Singapore... and the US. Most other developed countries in Western Europe rate relatively quite low.
- deleted 8y ago[deleted]