Europe is too decentralized. Each country has its own languages, cultures, laws, and politics. If you leave things to the market, the chances are you get a larg

Europe is too decentralized. Each country has its own languages, cultures, laws, and politics. If you leave things to the market, the chances are you get a large number of regional solutions tailored to the local conditions. None of which is clearly superior to the others, and all of which are too small to benefit from economies of scale. And then bigger companies from countries with larger domestic markets come and buy the most successful ones.