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This. There is an American mindset which needs to change. We have a lot of businesses complaining about regulations, yet other countries with more regulation se
by hwstar 11y ago
This. There is an American mindset which needs to change. We have a lot of businesses complaining about regulations, yet other countries with more regulation seem to conduct business in a profitable manner. In fact, it could be argued that the businesses operating in a more regulated environment, are probably more robust than their American counterparts because the regulations add stability and reduced uncertainty.
A lot of American business owners complain that their business is "hanging on by a thread". This is because they are operating at the lowest energy state which provides little safety margin for failure. If there were stronger regulations in America, then fragile business models would not be able to attract investment.