As someone who has a small business in the UK I’d disagree with your first point, at least for the UK. The situation may be different depending on the EU state, but the UK has a fantastic regulatory environment. Clearing imports through customs for example is much more frictionless in the UK than the US.
I’d also disagree on the tax situation. They may be slightly higher than the US but then we also get health care included with that. This is amazing if you want to bootstrap a business, especially if you family or an illness. I have private insurance as well with BUPA but that only costs me $80/month with no deductible I believe.
I think your other points are true to varying degrees but for sure things are changing so they’re probably less true than they were ten years ago.
The biggest reason is probably that the US has California and Silicon Valley.
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As someone who has a small business in the UK I’d disagree with your first point, at least for the UK. The situation may be different depending on the EU state, but the UK has a fantastic regulatory environment. Clearing imports through customs for example is much more frictionless in the UK than the US.
I’d also disagree on the tax situation. They may be slightly higher than the US but then we also get health care included with that. This is amazing if you want to bootstrap a business, especially if you family or an illness. I have private insurance as well with BUPA but that only costs me $80/month with no deductible I believe.
I think your other points are true to varying degrees but for sure things are changing so they’re probably less true than they were ten years ago.
The biggest reason is probably that the US has California and Silicon Valley.