Not particularly convinced about the Brexit angle or the comments on sales - for example, you can bet that The City has some highly aggressive salesmen/women given its status. But from my perspective Europe suffers from a problem of culture - there is seriously old money here and, I'd assert, a related, outdated zero-sum/dog in the manger mentality. Anything like FAANG, Tesla, SpaceX etc that seriously threatens to disrupt the status quo is either stillborn, strangled at birth or shortly thereafter as this guild's dead hand does its work.
interesting perspective i have not heard before but make sense as a narrative. wonder what data is behind that - seriously old elites shutting down innovation.