Yep. Europe is socialist, which makes it extremelt difficult to start successful tech-companies. Europes unicorns is far fewer than what are created in the US and China.

As long as europe continues to heavily regulate and tax its citizens in the best socialist tradition, it will continue its decline, to become a tourist playground in a generation or two, for the rest of the world.

I always advice young entrepreneurs to move outside europe to start their companies.

In its current form, europe is dead.

It's a lot better place to live than the US though. And we don't need as much. Quality of life is not measured in terms of the amount of stuff you can buy. We don't have to be afraid of getting shot at school or being bankrupted because of an illness. We don't have to pay off our student loans for decades. Income equality is much higher (leading to more public safety and fairness). To many of us this matters more than money.

The US has different goals than we do. Europe has never been about maximum profit. Capitalism is a tool to support society, not the end goal.

entrepreneurs suck anyway.