I think the author makes the argument that while Europe once was able to produce huge companies, it produces significantly fewer after WWI. Many of the European

I think the author makes the argument that while Europe once was able to produce huge companies, it produces significantly fewer after WWI. Many of the European companies on the Global Fortune 500 list were founded in late 19th century to early 20th century. Shell (#1) and BP (#4), for example, were founded in 1900 and 1909, respectively. That said, I agree with the comment about many in Europe generally favoring the "good enough" way over the "home run" way of thinking.