I agree with everything you said except for the cowboys bit. I don't think business owners should be a separate class of people. It shouldn't be unusual to meet people that own their business. I don't want to do it, it would stress me. But we can let random people try random ideas without having to start out wealthy, and we shouldn't have the failure of that business and the loss of those employees' jobs, risk the health and well-being of those let go. If getting fired just meant you had to do with fewer luxuries until you found another, we wouldn't need to protect those jobs to the detriment of a business. By tying employment to safety and well-being, we complicate the whole matter.

Most people in the US own stocks the USA is "fixing" this by making everyone part of the owner class. Especially now with childhood investment accounts by the federal government (the "trump accounts").

By cowboys I mean the people starting businesses left right and center and just collapsing them when they don't get the desired result straight away. E.g. US venture capitalism. I think it's a really good thing that we don't have that here in Europe. Sure it prevents the googles and metas but those would never have made it that big here anyway because we regulate big businesses before they become uncontrollable. And now that we are breaking off ties with the US we will have to build our own anyway, just with sustainable and fair business models.

Sure we can get society to pick up the tab but the problem is that those cowboys are even more incentivised to be risky then. There should be a penalty for them when it goes wrong.