[timje1]

I think a big factor you're missing here is that many of the regulations in Europe are around the public's (and workers) rights, health and wellbeing.

For example it's difficult to create a startup in France because it's very difficult to discipline or fire anyone, and tech workers are used to clocking off at 5pm and having 35+ holiday days per year.

This means that no one's creating these epic billion dollar companies in a hurry, but at the same time the populous is defended, healthy, and not overworked. As opposed to the US where often a company's rise comes at the cost of a wealth of underpaid and mistreated workers (Amazon, Uber, we could go on).

To use an intentionally extreme analogy, your argument feels like sitting around watching the US build lovely tall pyramids with slave labour, saying that Europe's regulations get in the way of it building such tall pyramids. Well, yes, of course, the US is better, if all you're measuring is the height of the pyramids. (nevermind that the US is the easily the biggest user of slave (penal) labour outside of China)

It seems like US workers and the US public lose out on almost every other measurement.