Translation: Europe is still in the Dark Ages because it offers better health insurance--(aka "a poor business climate", since costs of labor are "high", many coprporations won't move there since in places like France you can't turn the factory into a macquiladora), doesn't work part-timers like slaves (at least not like here in the US...generally speaking), and has lots of small busnesses that like to shcedule workers around their daily lives (child care, etc), and in general provodes better social programs for the poor, sick, and elderly. (what we call "the Welfare State.")