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The biggest problem the US faces when throwing festival type events is really our own culture. We, as a country, have the population, money, and ability to throw festivals all the time everywhere; but no one wants to take chances in terms of building an interesting lineup. There's literally hundreds of dance music festivals during the summer all over the UK and Europe with what feels like more and more popping up every year.
European culture combined with the countries' sizes (maybe their proximity to one another?) must make it easier. I dunno...maybe we just stink 
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