USA is in pain. Serious pain. But after spending all of July travelling around this country visiting places as different as Miami, Sun Valley Idaho, San Francisco, Kona Hawaii, New York City and Southampton in Long Island I think that USA is implementing the necessary changes to get out of the slump. Living in Europe I just don´t think the same can be said about the Old Continent. I don´t think USA will recover sooner because it is implementing a flawless plan while Europe is not. I believe to the contrary that USA will recover sooner because what I saw in the middle of the deep real estate crisis of Miami, in the painful cuts in the tech companies of Silicon Valley, in the restructuring of the mortgage and hedge fund industry in New York, in the reinvention of tourism in Hawaii is that what gets Americans out of whatever mess they get in, is their trial and error mentality. In the middle of the crisis I saw innovation everywhere while in Europe I see paralysis, unwillingness to change, unwillingness to try, unreasonable fear to fail. And without constant experimentation there is no way out. It´s as simple as that.

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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