Your analysis is very black and white, and reality is probably more nuanced, but I generally agree that Europeans tend to be more risk averse than Americans. I

Your analysis is very black and white, and reality is probably more nuanced, but I generally agree that Europeans tend to be more risk averse than Americans. It is also true that something as "simple" as starting your own company or working as a freelancer it often involves a lot of paperwork and upfront costs, which discourages a lot of people. Still, I believe things are changing (in some countries faster than others), at least on this account.