Because fostering the growth of tech companies isn't the most important thing, and the European bureaucracy has been more effective than the American one at more important things, including reducing the harm of Big Tech.
I'm not opposed to more robust growth, but not at the cost of becoming America. Of course, the slower growth was caused in great part by wars and the mass killing and/or expulsion of a significant portion of the population, while America prospered thanks to mass immigration. These things are changing.
That's not to say that an elaborate bureaucracy isn't built into Europe's DNA. After all, this is a continent that was largely shaped and governed by the Catholic church for a long, long time. At least in some respects, the European civilisation is more similar to the Chinese civilisation than to the American one.
I'm not opposed to more robust growth, but not at the cost of becoming America. Of course, the slower growth was caused in great part by wars and the mass killing and/or expulsion of a significant portion of the population, while America prospered thanks to mass immigration. These things are changing.
That's not to say that an elaborate bureaucracy isn't built into Europe's DNA. After all, this is a continent that was largely shaped and governed by the Catholic church for a long, long time. At least in some respects, the European civilisation is more similar to the Chinese civilisation than to the American one.