Drug laws in Europe vary wildly between countries, with places like Portgual decriminalising even hard drugs and places like the Netherlands having an open culture when it comes to buying and consuming cannabis and other 'less hard' drugs. Then of course there's the big difference in laws when it comes to drinking; a 16-year old drinking on the street is perfectly legal in quite a few European countries whereas in the US it would get you arrested on multiple charges.
Banking laws are very different as well: I think the recent introduction of MiFID II shows quite clearly that Europe has very different views on regulation. Hell, the new rules on investment research are pretty much opposite to the US ones.
GDPR is forcing numerous US companies into complying with European views on privacy.
OP is quite right in saying that it's a very US-centric view to think drug policy around the world is mainly caused by race relations in the US.