> Are you talking about the business world? The whole of EU seems to strongly disagree with SV VC thinking.

The US is dominant in the Western business world, things that become popular business practices here get ported over to the EU.

I think it's pretty clear that if it is not dominant, it is sharply ascendant in the past 5 years. HN commentators and certain segments of Twitter basically worship at the feet of successful VCs.

>>Edit: Why doesn't the EU replicate the success of US startups? You think EU policy makers don't understand what is needed for that? Or that there's not enough "talent"? I doubt it. I think it's a more or less conscious decision to avoid the US startup culture. It's a cultural thing.

If it is indeed a cultural thing, I would argue that they have also thrown the baby out with the bathwater.

Example: here is a very curious thing about the GDPR - non-European countries cannot really put a "counter-tariff" (metaphorically speaking) because nothing that useful has actually come out of Europe to tariff in retort. We did see some comical efforts of some websites to block the entire continent of Europe, but what would have been actually interesting is if non-European countries could block, say, the Google of Europe. Europeans had no skin in this game so to speak, because they haven't actually produced anything at that level of utility for a long time.

Note: I am neither American nor European, and my country has done almost nothing of note either. But I am not going to say that "oh, we don't need all that SV shit because as a culture, we think it is beneath us".

Using money as a proxy for "dominant thinking" is a good example of SV VC thinking.

I’m riffing off of the adage, “if you’re so smart, how come you’re not rich?”

The conventional retort to that gambit has been “if you are so rich, why aren’t you smart”? Which is why you don’t hear that adage very much anymore.