"If the conclusion of this is true, why aren't we seeing grand scale innovation and entrepreneurship from European countries that are most certainly very strong

"If the conclusion of this is true, why aren't we seeing grand scale innovation and entrepreneurship from European countries that are most certainly very strong welfare states?" Most studies show European countries having far higher rates of small business and family business ownership than in the US. " The fact of the matter is that in many European countries someone who is not working can enjoy the same standard of life as someone who is, except they don't have to get up in the morning to earn it." This is entirely false, and spoken from someone who has no idea what they're talking about.