Is Europe Just Not Good at Innovating?

The article argues that Europe's weakness in high technology stems largely from cultural and social factors rather than only from regulation and unfair business conditions. It says Europe depends on US communication and business platforms and Chinese hardware, and that European startups face a worse risk calculation than in the US, since banks deny founders mortgages and failed founders struggle for years. It also argues that Europe underpays technologists, that investors expect costed paths to profit rather than "lottery ticket" bets, and that governments should de-risk startups, pay for startup services, and fund ecosystems instead of only adding money.