Its just a centralization thing. All things go towards the capital of the empire. It was madrid,paris, then london - for now it is the bay area?
Europe needs to stop clinging to the milk cows of the past. The car industry is a dieing endavour, highly disruptable due to dependence on fossil fuels.
Ironically, in my opinion, eastern europe is setup much better for software. Im regularly blown away what the chech republic, poland and the baltic tigers do - compared to west europe.