The Europe point is mostly made because startups there aren't huge unicorns. Unicorns are purely a money printer, not like the USD, no... like shitcoins: I give you 11m, you give me 1% of shares. Congratulations you're now a unicorn because 11m / 0.01 = 1.1b. Pure printing of hypothetical value because someone needed to put money in anything because that's better than sucking the inflation.

Yes, European permissioning is shitty. But how can there be millions upon millions of entrepreneurs that aren't bankrupt? Why are there still companies in the EU at all? Because they deal with it. Against what apparently are "the odds".

Is it optimal for valuation? No. Optimal for expansion? No. Are there many EU entrepreneurs that live a good life, on the average better than most wage slaves? Yes. Success isn't really measured in billions of fiat moneys; that's just what they tell you to make you dream of something all your life, to keep you in line.

EU spends a ton of collective money on grants, and having worked on projects (partially) funded by these, I think they're a waste of money, and time. For example I once ran a huge commercial project in Germany and a tiny grant-funded project in Belgium at the same time, both with similar requirements. Where the former was making real change, the latter was just copying things that were figured out already commercially and keeping the donor happy. So I think the European people are better off if their money isn't wasted like that. Maybe they too can get a tax break if the bs stops.