That it's due to the corporate regulation has to be proven.
Being an european, I would say that the first cause is cultural. Innovation for the sack of innovation isn't particurlaly viewed as positive as in the US. In many circle it's even seen as negative. Same thing for entrepreneurship, as there is a good chunk of people that see Businesses, especialy big ones, as an ennemy.
> Being an european, I would say that the first cause is cultural. Innovation for the sack of innovation isn't particurlaly viewed as positive as in the US. In many circle it's even seen as negative. Same thing for entrepreneurship, as there is a good chunk of people that see Businesses, especialy big ones, as an ennemy.
Don't be revisionist, Europe is a continent full of innovations, both industrial, scientific, and artistic
This negative mindset only appeared recently, and it seems to be spreading, so what has changed? Perhaps WW I/II, the Marshal Plan and propaganda? Looks like it's very well documented
"The Americans insisted that the German coal sales monopoly, the Deutscher Kohlenverkauf (DKV), should lose its monopoly, and that the steel industries should no longer own the coalmines.[12]: 351 It was agreed that the DKV would be broken up into four independent sales agencies."
It's like if Europe asked the US to break Microsoft into multiple small companies because it is too big lol
This is what affected Europe's ability to innovate, loosing its big industries and its ability to form big and global companies, instead was forced to open its market to the US which could expand its giants as they wish..
Oh and this one is interesting too:
"The loan was followed in 1948 by a free grant of $2.3 billion from the Marshall Plan, with no repayment. In exchange, French cinemas would replace the numerical quota with a "screen quota". This meant that French cinemas were required to show French-made films for four weeks out of every thirteen and leave the other nine weeks of every quarter open to free competition, namely from American films.[5]"
Being an european, I would say that the first cause is cultural. Innovation for the sack of innovation isn't particurlaly viewed as positive as in the US. In many circle it's even seen as negative. Same thing for entrepreneurship, as there is a good chunk of people that see Businesses, especialy big ones, as an ennemy.