The EU doesn't have the 'free market above all' philosophy of the US. As a result venture capital is more restricted. In the US failure is not a bad thing, just

The EU doesn't have the 'free market above all' philosophy of the US. As a result venture capital is more restricted. In the US failure is not a bad thing, just a reason to try again. The EU is more risk averse. There's much more restriction on businesses, building megacities etc. However there's a flip side to this like our much better social welfare systems and affordable healthcare. I personally prefer it this way. It does hurt us economically but economy isn't the only thing that matters. In Europe we limit how high you can climb and this limits the amount of risky investment we attract because a big win is not automatically a mountain of profits due to more taxes and more regulations. But on the other hand we limit how far you can fall too. As a non-entrepreneur nor investor the latter matters much more to me.