None of the above. The true reason is that Germans are too conservative to invest in tech. You cannot have startups without investors and Germans will keep mone

None of the above. The true reason is that Germans are too conservative to invest in tech. You cannot have startups without investors and Germans will keep money in the bank, buy real estate, even invest in index funds, but startups give them too little of a guarantee of a return. You can remove overregulation, whatever it may consist of, but there will still be no funding at least not when compared to the US. But German economy is actually fine, moving slow and steady is their way and it works for them. I also don't really think universities should spend so much time on "programming", they are not vocational training programs. I wrote software and got paid for it before I studied, and didn't go to a university to learn that. If there's one thing German society can do with young people it's to teach them to take more risks. But programming can be learned from a book.