Comment by patmorgan23
10 hours ago
Maybe, I think a bigger reason is that Europe doesn't have near the level of regulatory harmonization that the US has. There are tons of policy areas where member states just do whatever they want, in pretty important areas. Like the US has a single bankruptcy code, and state commercial codes are all pretty close to the UCC, that's not the case in Europe.
The current EU commission president is pushing pretty hard to create more harmonization to make it easier for companies and investors to operate across Europe.
I believe states have their own bankruptcy codes?
Having lived/worked in both Europe and the US, the reason is, quite frankly, that they’re lazy (cultural) and not very smart (brain drain).
Their societies prioritize leisure over work. Nearly everyone with any drive moves to the US to earn much more money.
What a depressing outlook, ya'll really be living to work over there dont you. All hail the mighty GDP.
> not very smart (brain drain)
Large EU countries have a higher per capita scientific output than the US
If you weight papers by some measure of impact, e.g. by citation count, this is not true.