As a European I kinda agree with this. The US as a country was founded on very high risk. It makes sense that this remains in the culture today. I don't think

As a European I kinda agree with this. The US as a country was founded on very high risk. It makes sense that this remains in the culture today. I don't think that European policies (vacation, universal health care, etc) are the cause of Europe being more risk averse. I think it's the other way around. We have those policies because we have a more risk averse culture compared to the US. This isn't a bad thing per se. The problem is that we live in an age where technological innovation is fueling the global economy, and there is no innovation without risk.