Why did capitalism originate in Europe?

The conditions for the emergence of capitalism can be considered the processes that have been going on in Europe since the 15th-16th centuries – the Reformation (the emergence of Protestantism and Protestant ethics), the Renaissance (the ancient world had a high level of development of commodity-money relations), the development of urban self-government (for example, Magdeburg Law ) and ties with the outside world, an important stage in which was the era of great geographical discoveries.
For example, in Japan, Siam or India, nothing of the kind was observed.