Distinction between US and Europe - the type of capitalism?

There is a growing distinction between the United States and Europe. Growth is slower in the EU. Productivity has been lower, especially in the last 25 years. Government is bigger. But, most important is the development of companies and technology. There is no substantial growth of start-up firms that may be developing new technology. 

Just look at the number of public companies that have gained scale from scratch over the last 50 years. This is the critical issue if you believe the EU stock market will grow faster than the US over the next decade. 

There needs to be introspection on why this is happening. A start was the Draghi report last year, but there has to be a willingness to incorporate these recommendations. There is a different view of capitalism that may be holding back firm development.