I'd suggest that in Europe innovation is stifled by a strange mix of very old vested interests, the class system (certainly here in the UK), socialistic cultura

I'd suggest that in Europe innovation is stifled by a strange mix of very old vested interests, the class system (certainly here in the UK), socialistic cultural scepticism around capitalism/profit, and a cynical zero-sum mentality. Sadly I can only see the US going the same way what with the combination of ever-concentrated wealth for the lucky few, plus the faux-socialist destruction of the middle class which the Democrats seem to be working extremely hard at bringing about.