touché.

Old money is so deeply entrenched* within the incumbent power structures (land, real estate, subsidies, tax cuts, etc) why should it even bother taking on any risk at all. Even more so because they would gain unwanted public attention (very dangerous) to the extent of their wealth.

There are plenty of people with innovative ideas here but simply no seed capital nor follow-up culture to get them started.

Innovators are not bureaucrats but in Europe bureaucrats only fund other bureaucrats. I know, because I've tried. It's totally Kafkaesque. So we give up trying. Wrong place, wrong time, wrong context.

Tons of ideas and people here waiting for the picking :)

Fund a series of "Friday night experiments" ** in Stockholm, Stuttgart, Talin, Amsterdam, etc and I'd be very curious to see your reaction after a year. I'll enter:)

Culture needs people from the outside to change the local rationale.

*https://www.theguardian.com/uk-news/audio/2019/jul/05/who-owns-england-podcast

**https://www.mub.eps.manchester.ac.uk/graphene/2020/12/the-accidental-nobel-laureates-10-years-on/?f24_pid=ac34e037-fea5-41b0-8599-350faae26861&utm_campaign=June%20Knowledge%20Newsletter%20-%20ROW&utm_source=force24&utm_medium=email&utm_content=textlink