<snark> In America, trying to nail the top criminal is failing </snark>
Snark aside, you are right. Bankruptcy protection is a really big factor.
There are many other factors about America that work.
1. An obsessive urge to be new and differentiate oneself from the past, be it music or cars or tech. There aren't other countries that commonly say "this is sooo last year".
2. An entrepreneurial mindset. Looking at the patents from the early 20th century, we discover people with little formal education who were creating products for the mass market as well as for industry. That said, I think that the
3. College profs and new grads who create products.
I feel that the information economy has skewed everything. The ease of creating apps (in contrast to a physical product), combined with ridiculous Silicon Valley VC money has narrowed the vision of what it means to do a startup. Perhaps I am wrong; maybe it is my HN bias.
