Sometimes I wonder whether one of the factors that makes US the mecca of technology is the lack of safety net there (compared to Europe).
After years of working in various parts of Europe, I think it distills down to this. Sufficient talent, desire, and capital exists in Europe -- it is missing no ingredients -- but society there pervasively and subtly undermines anyone who dreams of attempting something really bold. It is a shame.
Not really. My bet is on the abundance of capital (hello global reserve currency) combined with excellent universities and a cultural willingness to take risks and do bold things. People who need a safety net, such as food stamps or housing assistance, are rarely the people who start big companies. They're usually too caught up in just trying to survive day-to-day.
Hey, the Swiss evolved the cuckoo clock into a wristwatch... nope, even this innovation was by two Polish and Czech immigrants.
Despite that quote being mostly wrong [0][1], a safety net might account for some idleness. But there's more. You might find a local variation of the Law of Jante [2], for example.
0 - https://en.wikipedia.org/wiki/Swiss_mercenaries
1 - https://en.wikipedia.org/wiki/Cuckoo_clock#First_modern_cuck...
The issue with Geneva is that there's no more physical space to build - but living in France with Swiss Geneva canton minimum wage will boost your quality of live way beyond most San Francisco dwellers.
To make Geneva as awesome as Silicon Valley, you'd have to prolong the jams and time spend on the road by about 2-3x and remove all the busses and trams.
My interviews with Swiss companies when discussing the employment form usually turn to "you can live in France and commute daily to Switzerland". Yeah, thanks no thanks.
In bad weather taking the bus, which was always on time and never delayed in traffic.