Andre said:
This is an excellent summary of the author's argument, except that I don't remember him addressing political factors.
I'm pretty sure that, near the end of the book, he discussed why Europeans conquered the world, and not, for instance, the Chinese, who were more numerous.
He pointed out that China had sent out the "treasure fleets" about a thousand years ago, getting as far as the southeastern coast of Africa. Then, suddenly, the country went insular/isolationist, and believed that everything worth doing had already been done by their ancestors.
Now, what would a budding inventor do to get financing for his projects? Go to the local magistrate? The magistrate would tell them that anything worth doing has already been done, so don't bother them. This attitude was endemic to the whole political system.
If the Chinese "treasure fleets" had
not pulled back, we could have seen the Chinese invading Europe, instead of the other way around...
As a contrast, he showed that, in Europe, an innovator like Columbus had a wealth of petty kingdoms from which to choose. Sure, most of them were interested in expansion solely at their neighbors' expense, but shop around long enough and you could find someone who would finance your venture.
I'm pretty sure that's part of the book. It's been about a year since I read it, but I still remember the gist of it.