All theory about beef production and preparation aside...

I've eaten steaks in Europe, Argentina, Brazil, Mexico and many, many in the US.

I mostly eat at restraunts similar to one in the US where a Steak dinner would cost about $35 before wine is added in.

Argentina wins hands down. Cheaper than the US also. Other meats were also available, also cheaper than the US, also better than the US, but not by much.

Brazil - Good, seemed a touch better than the US, but I did good and bad cuts at different places.

Germany, Switzerland - Suspect South American beef, very very good but it was soooo expensive. Veal was the same price as the beef, and a better choice. (no moral judgements please)

Prague, Italy - Where the hell did they get that shoe leather?

Mexico - local beef from central or southern Mexico was tough and had to be heavily marinated. Not as good as what I usually get in the US. Harder to find a place that will actually serve a large, thick piece of beef. Most have chopped up marinated pieces. Did have a very good steak in Mexico City, but it cost as much as in the US and was so heavily seasoned I had to scrape the salt crust off before eating it.

US - what can I say. I find most steaks in the US sort of boring. I occasionally splurge for a steak from a really good restraunt and it's almost always worth it - though expensive.