Europe and America are not so different in all those things. Regulatory capture is alive and well on both continents. But there exists a kind of spirit and individualism and entrepreneurship in America that you hardly ever see in Europe. Fueled by greed for sure, but the greed of wanting to change the world and become a billionaire, instead of European small-time greed of wanting to buy some condos and let your children live on rent income.

For all the good and bad, a service like Uber could never have been invented in Europe. I remember when it was accepted that taking a taxi was just for rich people.